This blog contains information for those newbies and entrepreneurs who want to create an app under the category of “on-demand dog walking app”. Let’s check out how this post can help you to develop a successful Uber for dog walking apps like Wag! and Rover.
The pet industry is growing at a high pace. And, it is going upward in the direction that is impossible to imagine. However, there is no room for doubt in that animal niche is also revolutionary because of invading technology. From on-demand doctors to health and wellbeing services, pet-focused startup companies are coming up with innovative ideas to improve the lives of furry ones.
If you are one of the pet-obsessed newbies, who are planning to create apps based on the pet, catering services like pet sitting, walking, or make food for pets, then you need to check out the below figures that let you know about the worldwide venture investment in pet-focused tech startups.
- In the year 2017, total $69.51 billion was spent on pets in the U.S., as per the report by American Pet Products Association. And, that is increased by 69% from one decade.
- The global pet market is estimated at $109 billion. Therefore, it is no surprise that the increased spend on pets is reflected in increased funding for pet-focused startups.
- However, funding in pet startups surged by 334% to $291.8 million compared to $67.2 million in 2012, according to the report from Crunchbase research.
Till now, the total funding in pet-related startups already reached $519.3 million in the year 2018, and 78% higher than all of last year. Looking ahead, check out important takeaways, which you can pick essentials during on-demand dog walking app development.
Top 3 Categories Which Are Booming in Pet-Focused Business
1. On-demand Dog Walking and Sitting Apps like Wag! & Rover
There is a handful of significant deals since the beginning of the year. These deals are mainly responsible for the big jump in funding. The very famous on-demand dog walking application named Wag was in the limelight when it raised $300 million from Softbank Vision Fund.
However, the pet industry still grows perpetually faster than the economy in general. There is a huge opportunity that investors see in this niche as well. On the other hand, there is another on-demand dog walking and sitting giant, Rover, which had secured $155 million in a tech growth round.
The on-demand dog sitting app, Rover, offers dog walking, drop-in visits, house-sitting, boarding and daycare services. The funding round consisted of $125 million in equity financing led by funds and accounts advised by T. Rowe Price Associates.
Rover, Seattle-based app, has seen its network of sitters and walkers grow more than 100% year over year. Currently, there are more than 200,000 sitters throughout North America. There is a variety of other pet-focused startups with some of the most substantial investments, which you can see in the below-given image.
2. Pet Care
The next booming category is pet care, which mainly focuses on pet care innovations in areas such as health, diagnostic, nutrition, and services. Mars Petcare is an American global manufacturer of pet food.
Image Source: vccircle
There is a lot of innovation that is analyzed in nutrition and therapeutic services. The bottom line is that all these startups want to create a better world for pets. However, this category has also created a buzz.
3. Human-Grade Food for Dogs
Apart from dog walking & sitting apps and pet care services, there is a startup named PetPlate, which makes human-grade food for dogs. The startup has closed a $4 million in Seed round of funding led by Dane Creek Capital. The startup company ensures that the pet along with millions of other dogs, which could easily access fresh-cooked meals that are balanced for a dog’s diet.
However, other startup companies sell meals with human-grade ingredients, and PetPlate is only one making them in a USDA (U.S Department of Agriculture) facility. The company’s Gross revenue has grown 500% over the past 12 months. PetPlate is working on a rebrand to enhance the overall customer experience. Moving ahead, it is safe to say that pet-tech related startups will continue to attract investor interest.
In the above-given image, you can see the chart, which is based on a keyword search in the short descriptions of 609 companies in Crunchbase’s Pet and Veterinary categories.
On a Concluding Note
In this post, you have just gone through the top categories that pet-focused startups can consider if they are planning to dive into pet-focused business.
So, being a pet-focused startup, if you have an idea related to develop Android app under the category on-demand dog walking, then you can discuss with us as we are a leading mobile app development company and have already developed over 3500 mobile apps in diverse categories with unique features and functionalities.
In case, if you still have any query or confusion related to developing dog walker app, all you just need to do is fill up the below-given form with your requirements, and one of our sales representatives will revert to you within 48 hours.