Supertails, Khyaal secure funding for business expansion and innovation

Supertails, a full-stack pet care startup, announced the successful completion of its Series B funding round, having secured ₹125 crore.

The funding round was led by RPSG Capital Ventures, along with the participation of existing investors Fireside Ventures, Saama Capital, DSG Consumer Partners, and others.

Since its inception in June 2021, Supertails has raised a total of $27.5 million.

Aman Tekriwal, Co-Founder of Supertails, in an interview with CNBC-TV18, emphasized that the newly acquired funds would primarily be directed towards enhancing customer experience.

Additionally, Supertails is set to explore an offline business model, focusing on services such as healthcare for pets.

Tekriwal stated, "The funds raised will be primarily deployed to solve our customer experience. We will be foraying into an offline business model as well, where we will be primarily solving for services like healthcare."

The co-founder also highlighted the company's commitment to achieving profitability, stating, "We have been making steady progress on the profitability side. In the next 2-3 years, we would want to be an EBITDA profitable company."

Supertails has ambitious plans for the future, including the launch of insurance services and a private label in the non-food space. The company aims to continue scaling its customer experience by providing information and education to its users.

In a separate funding announcement, Khyaal, a startup dedicated to providing services for senior citizens, successfully raised $4.2 million in a seed funding round.

The investment was led by 62Ventures, SV-Quad, Inventus Capital, and other prominent investors.

Hemanshu Jain, Founder & CEO of Khyaal, shared insights into the company's plans for the funds, stating, "The funding is going to be majorly utilized for enhancing the overall experience of the app for senior citizens. We are also creating a lot more offerings through our app and offline channels. So the idea is to reach more and more senior citizens and create a large impact."

Khyaal has raised a total of $5.4 million in funding to date and intends to utilize the capital to further its mission of empowering seniors and expanding its reach across India.