Ipet Doctor Completed 130 Million Yuan Financing

On August 22, Pet service platform Ipet Doctor has completed 130 million Yuan Financing. This round of financing was led by Shanghai Yuyuan Tourist Mart.

Ipet Doctor will use the funding to strengthen the sales network, accelerate business expansion, and develop offline training services.

Founded in 2015, Ipet Doctor is a pet service company. The products of the company include Pet Procurement, Pet Staging, Pet SaaS, Pet Consultation, and Pet College. Currently, Ipet Doctor has covered more than 300 cities in China, serving more than 13,000 pet hospitals and 17,000 pet stores. The gross merchandise volume of Ipet Doctor has maintained an annual growth rate of 50% for two years.

The pet economy has been heating up since 2015. In addition to the business opportunities of products and service in the 2C direction, SaaS and B2B supply chain platforms in the 2B field are also popular business opportunities directions.

Ipet Doctor's 2B business includes SaaS, B2B, and financial services. It will develop the product "Pet Staging" to provide services for the construction and operation of pet hospitals.

“'Supply Chain + Finance' service is the feature of Ipet Doctor and the reason why the platform can rapidly expand the market. We have built good reputation among the comsumers,” said Ma Qian, founder of Ipet Doctor.

Founded in 1896, Shanghai Yuyuan Tourist Mart (Yuyuan) is a  nation’s first-rate comprehensive business group and listed company (SHA:600655). It has up to 130,000 square meters of business facilities. The annual flow of customers exceeds 37 million people. Yuyuan has two China’s famous trademarks, twelve Shanghai’s famous trademarks, and numerous hundred-year stores.