Supertails banks on services to counter q-comm disruption in pet care

Bengaluru-based pet care startup Supertails is betting big on services like veterinary care and grooming to set itself apart from quick commerce majors like Zepto, Blinkit, and Instamart, which are aggressively expanding their pet supply offerings. Backed by Fireside Ventures, the startup plans to launch offline centres in select cities that will function as both retail stores and pet care hubs, offering consultations, vaccinations, and grooming services.

ALSO READFocus on core paints biz, no plans to diversify: Berger MD

Co-founder Vineet Khanna believes services hold better margin potential than retail, paving the way for profitability within 24-36 months, even as Supertails maintains 100% year-on-year revenue growth. Unlike q-commerce players, which focus on speed and scale, Khanna argues that pet care services require a relationship-driven approach, making it difficult for these platforms to enter the segment.

Despite its rapid growth, Supertails’ losses widened to Rs 41.1 crore in FY24, up from Rs 30.6 crore in FY23, even as revenue nearly doubled to Rs 67.3 crore. However, none of its quick-commerce competitors are profitable either, despite their larger scale.

Also Read ‘Mystery illness’: Why has AIIMS Delhi team reached Jammu and Kashmir? Why are FIITJEE coaching centres closed? Here’s all the details EXPLAINER | What’s holding back the MSME sector? Spencer’s Retail forays into q-commerce with JIFFY

Currently, less than 70% of Supertails’ revenue comes from pet supplies, with pharmacy, healthcare, and private labels accounting for the rest. The company is working towards a 50-50 revenue split between products and services, aligning with mature pet care markets like the United States. To keep up with the quick-commerce boom, Supertails has introduced 15-30 minute deliveries in select cities. The rise of q-commerce has pushed major manufacturers like Mars, which owns Pedigree and Royal Canin, and Drools, backed by LVMH-linked private equity firm L Catterton, to focus on smaller packaging, which sees higher demand in this channel. While this shift has reduced Supertails’ average order value by 10%, it has simultaneously increased customer frequency by over 20%, offsetting the impact.

We are expanding offline to tap rising demand: CaratLane COO

The company operates through four mother warehouses, which serve as national hubs connected to dark stores set up and operated by Zippee, a dark-store logistics startup. By engaging in a fixed-cost model with Zippee,

 » Read More

Related Articles

Markets muted; Nifty below 22,500; Big cut in tech stocks, Nifty IT index at 8-month low

The Indian stock market struggled to find direction on Wednesday, closing the day on a flat note amid persistent selling pressure in technology stocks. By the end of the session, the Sensex settled at 74,029.76, down 0.10%, while the Nifty closed at 22,470.50, slipping 0.12%. The midcap and smallcap indices slipped 0.5%, while some sectors

Jefferies top Buy recommendations at this hour

As the markets navigate through macroeconomic shifts and sectoral dynamics, the brokerage firm Jefferies has reaffirmed its bullish stance on select stocks. Among the key picks at this hour, HDFC Bank, Voltas, Samvardhana Motherson stand out, with the brokerage maintaining a ‘Buy’ rating on both – Voltas and HDFC Bank and Samvardhana Motherson is their

JK Lakshmi Cement poised for 20% surge, says HDFC Securities. Here’s why…

HDFC Securities analysts met JK Lashmi Cement’s management and iterated their Buy rating and target price. The brokerage believes that the company will see a compounded annual growth rate of 9% over the next two years as the cement major tightens its seat belt for expansion in the north. Also, a new brand to raise

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Markets muted; Nifty below 22,500; Big cut in tech stocks, Nifty IT index at 8-month low

The Indian stock market struggled to find direction on Wednesday, closing the day on a flat note amid persistent selling pressure in technology stocks. By the end of the session, the Sensex settled at 74,029.76, down 0.10%, while the Nifty closed at 22,470.50, slipping 0.12%. The midcap and smallcap indices slipped 0.5%, while some sectors

Jefferies top Buy recommendations at this hour

As the markets navigate through macroeconomic shifts and sectoral dynamics, the brokerage firm Jefferies has reaffirmed its bullish stance on select stocks. Among the key picks at this hour, HDFC Bank, Voltas, Samvardhana Motherson stand out, with the brokerage maintaining a ‘Buy’ rating on both – Voltas and HDFC Bank and Samvardhana Motherson is their

JK Lakshmi Cement poised for 20% surge, says HDFC Securities. Here’s why…

HDFC Securities analysts met JK Lashmi Cement’s management and iterated their Buy rating and target price. The brokerage believes that the company will see a compounded annual growth rate of 9% over the next two years as the cement major tightens its seat belt for expansion in the north. Also, a new brand to raise

Equity mutual fund inflows decline 26% in February 2025 amid stock market meltdown: AMFI

Mutual fund net inflows tumbled about 79% in February, dragged lower by sustained sell-offs in the domestic equity market. With key indices Nifty and Sensex sliding about 5% during the month, equity mutual fund inflows saw a significant 26% decline to Rs 29,303 crore in February, against Rs 39,688 crore in the previous month. In

Lowest DA hike in 7 years? Here’s how much central employees and pensioners may get

The wait for a hike in the dearness allowance (DA) of central employees and dearness relief (DR) of pensioners will end soon. This week, the Union Cabinet may take a final decision on this. If approved, the new DA will come into effect retrospectively from January 2025, which means the employees will get an increase