About PetMeds
PetMeds is a company based in Delray Beach (United States) founded in 1996. It operates as a Direct-to-Consumer (D2C), and Subscription Services. The company has 287 employees as of March 31, 2023. PetMeds has completed 1 acquisition, including PetCareRx. PetMeds offers products and services including Flea & Tick Prevention, Heartworm Medicine, and Pet Food. PetMeds operates in a competitive market with competitors including Covetrus, Mixlab, Vetcove, PetCareRx and Furmacy, among others.
- Headquarter Delray Beach, United States
- Employees 287 as on 31 Mar, 2023
- Stage Public
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Sectors
ConsumerHealthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Petmed Express, Inc.
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Annual Revenue
$281.06 M9.54as on Mar 31, 2023
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Net Profit
$-7.46 M-245.21as on Mar 31, 2023
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EBITDA
$94 K-99.07as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
287
as on Mar 31, 2023
- Investments & Acquisitions
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IPO & Listings of PetMeds
PetMeds is a publicly listed company on the NASDAQ with ticker symbol PETS in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of PetMeds
PetMeds offers a comprehensive portfolio of products and services, including Flea & Tick Prevention, Heartworm Medicine, and Pet Food. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Products for preventing fleas and ticks on pets.
Medications for protecting pets from heartworm disease.
Various food options for dogs and cats.
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Funding Insights of PetMeds
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by PetMeds
PetMeds has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PetCareRx. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Pet supplies and medications are retailed online by PetCareRx.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PetMeds
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Petmeds Comparisons
Competitors of PetMeds
PetMeds operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Covetrus, Mixlab, Vetcove, PetCareRx and Furmacy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Practice and prescription management software is provided for veterinary professionals.
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| domain | founded_year | HQ Location |
Customized veterinary medications are compounded and delivered by Mixlab.
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| domain | founded_year | HQ Location |
An online B2B marketplace is operated for veterinary supply sourcing.
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| domain | founded_year | HQ Location |
Pet supplies and medications are retailed online by PetCareRx.
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| domain | founded_year | HQ Location |
Platform offering healthcare services and products for pets
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| domain | founded_year | HQ Location |
Online pharmacy offering veterinary pharmaceuticals
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Petmeds
Frequently Asked Questions about PetMeds
When was PetMeds founded?
PetMeds was founded in 1996.
Where is PetMeds located?
PetMeds is headquartered in Delray Beach, United States. It is registered at Delray Beach, Florida, United States.
How many employees does PetMeds have?
As of Mar 31, 2023, the latest employee count at PetMeds is 287.
What is the annual revenue of PetMeds?
Annual revenue of PetMeds is $281.06M as on Mar 31, 2023.
What does PetMeds do?
PetMeds is managed as a leading online retailer of pet health products and supplies. Operations are focused on providing prescription and non-prescription medications, food, and wellness products for dogs, cats, and horses. The company is based in Delray Beach, United States, with an additional location in Lynbrook, United States. A wide range of solutions, including flea and tick prevention, heartworm medicine, and pet food, are offered to pet owners. Collaboration with veterinarians ensures prescription accuracy and pet safety. Accessibility and customer satisfaction are prioritized through services like AutoShip and price matching.
Who are the top competitors of PetMeds?
What products or services does PetMeds offer?
PetMeds offers Flea & Tick Prevention, Heartworm Medicine, and Pet Food.
Is PetMeds publicly traded?
Yes, PetMeds is publicly traded on NASDAQ under the ticker symbol PETS.
How many acquisitions has PetMeds made?
PetMeds has made 1 acquisition, including PetCareRx.
What is PetMeds's ticker symbol?
The ticker symbol of PetMeds is PETS on NASDAQ.
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