CB Insights From DogBnBs To Subscription Dog Treats: The Tech Startups Unbundling PetSmart covers the growing number of pet focused startups.
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Back to pet startups. As the CB Insights chart below shows, a wide range of tech startups are targeting the pet market.
According to the article, it's not just pet startups attracting investor attention. The large, existing pet companies are too. Key quote:
The rise of pet-centric startups comes as the two largest pet retail giants are actively being pursued as takeover targets. Petco, which filed for IPO in August, has since then reportedly received new takeover offers from PE firms including The Carlyle Group and KKR. In March, PetSmart was taken private by a group led by BC Partners in a deal valued at over $8B.
See our Pet Trends section for more on the the pet industry.