PROCEDURE TO START VETERINARY STARTUPS IN INDIA & TOP PET RELATED STARTUPS BY INDIAN
A startup is a newly established business, usually small, started by 1 or a group of individuals. What differentiates it from other new businesses is that a startup offers a new product or service that is not being given elsewhere in the same way. The keyword is innovation. The business either develops a new product/ service or redevelops a current product/service into something better.
Startup India
Startups are becoming very popular in India. In order to develop the Indian economy and attract talented entrepreneurs, the Government of India, under the leadership of PM Narendra Modi, has started and promoted the Startup India initiative to recognize and promote startups.
Startup Registration India – 7 Steps to Register your Startup
Steps to Register Your Startup With Startup India
Step 1: Incorporate your Business
You must first incorporate your business as a Private Limited Companyor a Partnership firm or a Limited Liability Partnership. You have to follow all the normal procedures for registration of any business like obtaining the Certificate of Incorporation/Partnership registration, PAN, and other required compliances.
Step 2: Register with Startup India
Then the business must be registered as a startup. The entire process is simple and online. All you need to do is log on to the Startup India website and fill-up the form with details of your business. Next, enter the OTP which is sent to your e-mail and other details like, startup as the type of user, name and stage of the startup, etc. After entering these details, the Startup India profile is created.
Once, your profile is created on the website, startups can apply for various acceleration, incubator/mentorship programmes and other challenges on the website along with getting access to resources like Learning and Development Program, Government Schemes, State Polices for Startups and pro-bono services.
Step 3: Get DPIIT Recognition
The next step after creating the profile on the Startup India Website is to avail Department for Promotion of Industry and Internal Trade (DPIIT) Recognition. This recognition helps the startups to avail benefits like access to high-quality intellectual property services and resources, relaxation in public procurement norms, self-certification under labour and environment laws, easy winding of company, access to Fund of Funds, tax exemption for 3 consecutive years and tax exemption on investment above fair market value.
For getting DPIIT Recognition, click on the ‘Get Recognised’ button if you are a new user. If you are an existing user click on the ‘Dashboard button’ and then ‘DPIIT Recognition’.
Step 4: Recognition Application
The ‘Recognition Application Detail’ page opens. On this page click on ‘View Details’ under the Registration Details section. Fill up the ‘Startup Recognition Form’ and click on ‘Submit’.
Step 5: Documents for Registration
- Incorporation/Registration Certificate of your startup
- Details of the Directors
- Proof of concept like pitch deck/website link/video (in case of a validation/ early traction/scaling stage startup)
- Patent and trademark details (Optional)
- PAN Number
Step 6: Recognition Number
That’s it! On applying you will immediately get a recognition number for your startup. The certificate of recognition will be issued after the examination of all your documents which is usually done in 2 days after submitting the details online.
However, be careful while uploading the documents. If on subsequent verification, it is found to be obtained that the required document is not uploaded/wrong document uploaded or a forged document has been uploaded then you shall be liable to a fine of 50% of your paid-up capital of the startup with a minimum fine of Rs. 25,000.
Step 7: Other Areas
Patents, trademarks and/or design registration: If you need a patent for your innovation or a trademark for your business, you can easily approach any from the list of facilitators issued by the government. You will need to bear only the statutory fees thus getting an 80% reduction in fees.
Funding: One of the key challenges faced by many startups has been accessing finance. Due to lack of experience, security or existing cash flows, entrepreneurs fail to attract investors. Besides, the high-risk nature of startups, as a significant percentage fail to take off, puts off many investors.
In order to provide funding support, the Government has set up a fund with an initial corpus of INR 2,500 crore and a total corpus of INR 10,000 crore over a period of 4 years (i.e. INR 2,500 crore per year). The Fund is in the nature of Fund of Funds, which means that it will not invest directly into Startups, but shall participate in the capital of SEBI registered Venture Funds.
Self Certification Under Employment and Labour Laws: Startups can self certify under labour laws and environment laws so that their compliance costs are reduced. Self-certification is provided to reduce regulatory burden thereby allowing them to focus on their core business. Startups are allowed to self-certify their compliances under six labour laws and three environment laws for a period of 3 to 5 years from the date of incorporation.
Units operating under 36 white category industries as published on the website of the Central Pollution Control Board do not require clearance under 3 environment-related Acts for 3 years.
Tax Exemption: Startups are exempted from income tax for 3 years. But to avail these benefits, they must be certified by the Inter-Ministerial Board (IMB). The Startups incorporated on or after 1st April 2016 can apply for the income tax exemption.
Documents Which Have Been Waived Off
Startup India has changed the procedure of registration since its inception. It has exempted most of the previous requirements now. Many documents which were required to be filed previously are waived off. The list of documents that are not required to be filed at the time of the registration are-
- Letter of Recommendations
- Letter of funding
- Sanction Letters
- Udyog Aadhar
- MSME Certificate
- GST Certificate
Need Government recognition for your Startup?
Startup India helps you to enjoy benefits from the government
Key Features of the Fund of Funds
- The Fund of Funds shall be managed by the Small Industries Development Bank of India (SIDBI)
- Life Insurance Corporation (LIC) shall be a co-investor in the Fund of Funds
- The Fund of Funds shall contribute to a maximum of 50% of the SEBI registered Venture Funds (“daughter funds”). In order to be able to receive the contribution, the daughter fund should have already raised the balance 50%. The Fund of Funds shall have representatives on the board of the venture fund based on the contribution made.
- The Fund shall ensure support to a broad mix of sectors such as manufacturing, agriculture, health, education, etc.
Frequently Asked Questions on Startup Registration India
Who can register with startup India?
An entity incorporated as a Private Limited Company, Partnership Firm or a Limited Liability Partnership can register themselves under the startup India scheme. The annual turnover of these business entities should not exceed Rs.100 crores, and they should have been in existence for up to ten years from the date of its incorporation/ registration. Such an entity should be working towards innovation, development or improvement of products or services or processes.
What are the benefits of signing up with startup India?
There are a number of benefits startups receive under the Startup India Initiative. Nevertheless, in order to avail of these benefits, an entity is needed to be recognised by the DPIIT as a startup.
Startups are allowed to self certify their compliance with six labour laws and three environment laws. This is allowed for a total period of five years from the date of incorporation/registration of the entity. Startups are allowed a three-year tax exemption and the best intellectual property services and resources solely built to help startups protect and commercialise their IPRs.
What kind of business structure should I choose for my startup?
The most preferred business structures for a startup are Private Limited companies and LLPs. A Private Limited company is legally recognized and generally favoured by investors. However, it has stricter compliance and may have a higher cost of incorporation.
Whereas incorporation cost is lower for LLPs and they tend to have relaxed compliance in comparison to the Private Limited Companies. In addition to that, LLPs have limited liabilities and are equally recognised by investors and all over the world.
What can I do to attract investors to a start-up?
To attract investors, not only do you need a stellar product with a scalable model, but you also need visibility. Make sure that your product receives healthy engagement and traction. You’ll need to register your startup on startup India and proactively seek out investors. Make sure you are able to effectively communicate your business idea to the investor and the sustainability of your business model.
Can a foreign company register under the Startup India hub?
Any entity that has at least one registered office in India can register itself on the hub, since the location preferences, for the time being, are only created for Indian states. However, soon the government hopes to start registrations for stakeholders from the global ecosystem too.
What is the difference between an accelerator and an incubator?
Startup incubators are typically institutions that help entrepreneurs by developing their business, especially in the initial stages. The incubation function is usually carried out by institutions that have experience in the business and the tech world.
Startup accelerators support early-stage, growth-driven companies. These programmes usually have a timeframe in which individual companies spend anywhere between a few weeks and a few months working with a group of mentors who are educated and may also provide financial help.
For how long is a company recognised as a startup?
Any business entity that has completed 10 years from the date of its incorporation/registration, and has exceeded the previous years turnover of Rs.100 crores shall stop being a startup on completion of 10 years from the date of its registration/incorporation.
Can an existing entity register itself as a “Startup” on the Startup India Portal?
Yes, as per the law an existing entity can register itself as a startup, provided that it meets the prescribed criteria for a startup. They will also be able to avail various tax and IPR benefits that are available to startups. The criteria are the same as those mentioned in the article above.
How do I know my registration is complete?
Once the application is complete, and the startup gets recognised, you will receive a system-generated certificate of recognition. You will be able to download this certificate from the Startup India portal.
Indian startups that every pet parent needs to know about
As multiple startups progressively providing pet care and comfort emerge in the Indian market, here are a few that have succeeded in carving a niche of their own among pet parents.
Recently, India has witnessed a stellar rise in pet parenting and pet care. Standing sturdy at USD 1.22 billion and annual growth of over 35%, the Indian pet care market is among the fastest growing industries in the global scenario. Adoption of pets has witnessed a robust development in recent times owing to urbanization and an increase in disposable income among middle-class households, which has subsequently resulted in the exponential growth of pet food and care markets. Furthermore, the Indian pet care industry is expected to cross USD 2.7 billion by 2019, according to a research curated by Indian Pet Food Market Forecast and Opportunities, 2019. Seeing the immense potential that this industry displays, Indian entrepreneurs have begun to increasingly combine their love for their furry children with their business skills, thereby launching startups catering to the needs and convenience of pets and their parents.
As multiple startups progressively providing pet care and comfort emerge in the Indian market, here are a few that have succeeded in carving a niche of their own among pet parents:
DogSpot
DogSpot is the biggest online platform for pet supplies, accessories and other products in India. This Gurugram-based pet portal was established in 2007 by Rana Atheya and sells a wide range of products manufactured by key brands such as Pedigree, Royal Canin, Whiskas and Hill’s, among others. Top industrialists Ratan Tata and Ronnie Screwala recently invested in this pet care portal, which also owns the famous pet food brand Nibbles. With 3000+ products from 170+ brands, DogSpot envisions to solve the issues faced in dog parenting by aggregating information and bridging the gap between manufacturers and pet parents, thereby knitting the dog community close together.
Dogsee Chew
Dogsee Chew is a Bangalore-based leading natural pet treat company that handcrafts 100% vegetarian, healthy, and grain, gluten and preservative-free products for the furry companions. A pioneer in the natural pet treat segment amidst an otherwise additive-dominated market in India, Dogsee Chew produced products whose main ingredients are milk from yaks and cows that are naturally habituating in the Himalayas. The treats are not tampered by any modern intervention, making it fit for humans as well. Founded by Bhupendra Khanal in 2015, this Bengaluru-based startup has been receiving accolades among pet parents for its marquee products that are natural and also contribute to the well-being of dogs, especially the ones in their growing stage. They provide rich vitamins, proteins and calcium necessary for the good health and development of pets.
TailsLife
TailsLife is a comprehensive pet care application that lets pet parents cater to the food and grooming needs of their furry children while on the go. From availing grooming sessions and boarding or kennel services to booking veterinarian appointments and getting advice from industry experts and professionals—everything can conveniently be done through this application. Pet parents can also order fresh food and avail special offers and discounts on various brands through TailsLife. Founded in 2015 by Balaji Ramesh and Kanishk Lihala, this Pune-based application leverages latest technology to connect pet parents with the manufacturers and retailers serving in the pet care industry.
PetSutra
Founded in 2016 by Amol Sharma, PetSutra is an e-commerce platform providing information on pet parenting, suggestions about pet care and lifestyle, and sale of pet products. Be it regarding adoption of a pet, finding a family who would adopt their pet, asking specific questions on pet parenting to fellow pet parents or a general sharing of joy through one’s pet pictures and videos—one can do it all through this application. With an aim to build a holistic pet ecosystem, this Gurugram-based startup connects pet parents and lovers while providing information and delivering products. Interestingly, PetSutra is the world’s first pet-exclusive photo and video sharing application.
Heads up for Tails
Heads up for Tails is an online pet products supplier that curates a wide range of products customized to meet each pet’s unique needs. From a range of toys, collars and accessories to even beds, pet furniture, spa products and pet food, this brand is a one-stop shop for all such needs. Founded in 2008 by Rashi Narang, Heads up for Tails has an offering of about 500 products with new ones being added each week. While the brand indigenously manufactures most of its products, it also purchases inventories from other brands to be sold on their platform. The team ensures that the products bought from other manufacturers are up to the mark by stocking and assessing them at their warehouse before sending them across to customers.
The Top 41 Veterinary Startups To Watch Out For In 2021
This article showcases Startup Pill’s top picks for the best Veterinary startups. These startups are taking a variety of approaches to innovating inside of the Veterinary industry and around the world. They are all exceptional startups well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups for exceptional performance in one of these categories:
- Innovation
- Innovative ideas
- Innovative route to market
- Innovative product
- Growth
- Exceptional growth
- Exceptional growth strategy
- Management
- Societal impact
Top Veterinary Startups
Modern Animal
Modern Animal is an innovative veterinary platform building a new kind of veterinary experience for animals and humans. The veterinary platform offers unlimited exams, in-app prescription requests & delivery, 24/7 virtual care, and more.
They build innovations in technology and design give you greater access to a team of experts, flexibility, and convenience in every interaction, and the highest level of personalized care. Modern Animal built the next generation in veterinary care, reshaping a traditional industry to better meet the needs of pet owners, pets, practitioners and staff.
Through the state-of-the-art app and in-clinic technology and design, as well as a membership model that allows for quality relationships to develop between doctors, pets and pet owners. Modern Animal was founded in 2019 and is headquartered in Los Angeles, California, USA..
Hello Ralphie
Hello Ralphie is a marketplace that connects pet parents with veterinarians for virtual appointments.
Rarebreed veterinary partners
Rarebreed Veterinary Partners is a company dedicated to bringing veterinary talent together to ultimately offer exceptional care.
Petabyte Technology
Petabyte Technology is a startup building a cloud-based platform to modernize how veterinary clinics manage their practices.
Wiggles India
Wiggles Box, India’s first monthly preventive healthcare subscription box, is the one stop shop for your pet’s healthier and happier life.
Ongo Vettech
Ongo Sperm Test is a portable semen concentration and motility diagnostic system available for the bull, boar, stallion, dog and poultry testing. We support breeders with semen quality data right before insemination for better breeding decision.
Our team of veterinary specialists, hardware, software engineers, field trial experts and field application biologist developed ONGO working closely with top Universities researchers.. .
Petskita
Pet products and services is a thriving market in Indonesia. According to research, the annual market revenue of pet products in Indonesia for 2019 amounts to USD 1,500 million and 15.8 million for pet services respectively.
But there are many problems in Indonesia’s pet industry, especially the pet services. It’s highly unorganized industry and the business is still being run conventionally (paper-based).
Pet’s life and medical events are not being tracked properly jeopardizing the pet’s care. Committed to build a better world for pets, PETSKITA aims to be “the super-app for pet parents” – revolutionizing the pet industry in Indonesia.
Launched in February 2020, in addition to pet products, PETSKITA also features pet services that enlists pet clinic, pet hotel, pet saloon, pet insurance, pet trainer, pet transport, and pet walker – from all across Indonesia with the online booking/appointment feature. As monthly active users are growing, PETSKITA will be launching a new feature called MY PET ID that stores all digital medical records of the pet..
Moichor
The next generation of animal diagnostics.
Pukka, Inc.
Pukka is a combination of CarFax and Ancestry.com for the pet industry. Pukka (puck-a) is an application that helps breeders, pet owners, and pet buyers verify and authenticate the pets journey from birth to sale leveraging blockchain-as-a-service.
Pukka acts as a repository of data such as, DNA(parentage), medical records, pedigree records, microchip records, geolocation, media, and ownership compiled into a profile in the palm of your hands. Pet profiles are created on the blockchain by using a PIN (pet identification number) issued by Pukka to identify and aggregate all related pet data to a specified profile.
In addition, Pukka is a marketing tool for breeders to share pet profiles with prospective buyers.. .
clevabit
clevabit provides a suite of sensors that monitor & enable climate control, precise injections, animal tracking and more.
Nuzzl
Nuzzl is a telehealth platform that connects you with vets and other pet health experts.
DIG labs
DIG labs is re-imagining personalized pet wellness. We believe that our pets are the family members who love us unconditionally.
The best way to love them back is by proactively caring for their health and wellness, especially because they can’t tell us what’s wrong. Our Mission: Delivering custom insights and solutions that are convenient, accessible, and continuously advancing, enabled by the power of technology and science.
We strive to give our pets a voice and create a two-way dialogue of insights +actions,so they can live healthy, beautiful lives. A female-founded, NY-based venture-backed startup, DIG labs is developing patent-pending, tech-enabled insights and personalized products, including supplements.
Founded by former CPG R&D, brand management execs and pet lovers whose vision is to translate the benefits of personalized human healthcare to our pets, DIG labs is actively launching its proprietary real-time health platform, powered by patent-pending computer vision & machine learning. The B2C platform includes a personalized supplements business, and the B2B services platform will service categories across the petcare ecosystem..
Vetster
Marketplace of veterinary professionals for telemedicine and telehealth appointments
ZumVet
ZumVet provides access to affordable and convenient veterinary care through video calls and medication delivery. They are passionate about animals and want them to get the best possible care by offering video consults, referrals, home visits, and emergency services.
It was incorporated in 2019 and is based in Singapore.. .
Furmacy
Veterinary pharmacy
Argenta
Argenta is a contract research organization (CRO) and contract manufacturing organization (CMO) specializing in animal health.
Booking.vet
Booking.vet helps pet parents find great vets nearby & schedule appointments online real-time
Vetisy
Vetisy is a telehealth platform designed to accompany pet owners throughout the life of their pet.
DocPal
DocPal helps patients to find the perfect match of the Doctor with their requirements and book an appointment in the easiest way. The patient journey should be enjoyable, and that’s why we are always next to them: to help them find the best possible care.
Anytime, anywhere. That’s why our slogan is “Your Health Partner” We also help doctors to better manage their practice and build their online reputation.
With our integrated end-to-end solution, doctors are able not only to improve their online presence but also to devote their time to what really matters: their patients.. .
Animal Cloud Device Connectivity
Animal Cloud is a comprehensive virtual healthcare service.
Treat IT Group Ltd.
Creating a balanced ecosystem for animal and human welfare through advanced medical devices and treatments
HEROVet
HEROVet is an app that allows animal owners to receive professional help & advice from a certified veterinarian via video chat.
Vetsie
Our goal is to make veterinary care more accessible by leveraging innovative technology that will transform and inspire the world of pet care. We are helping veterinarians connect with their clients and patients in a virtual, safe, legal manner.
This is an exciting time for veterinarians that need virtual care support for their existing clients. Veterinary Telehealth has the ability to add additional revenue into the clinic while better supporting clients who may not be able to bring their pets in for a consultation..
Pettable
Pettable is a modern pet care company, founded by pet lovers and owners just like you. We arose from the idea that modern pet care is a 24/7 job.
The Pettable mission is to maximize the well-being of pets, by providing instant access to some of the worlds best veterinary experts any time you need them.. .
Doggo Health
Health advice for your doggo that’s personalized and rooted in veterinary science.
VETELL
VETELL provides an electronic medical record system that allows veterinarians and farmers to share individual information on cattle.
Poshapets
Poshapets is a platform for is an online platform that provides dedicated services for the household’s pet industry, and a business-enabling platform for talented micro interested Pet care service provider to earn a sustainable income. In Bangladesh, the Petcare service and Pet food unstandardized, with customers having to spend at least 1.5-2 hours traveling to and from vets and Pet Expert for grooming.
If you look at the service provider’s side, a vet or skilled pet experts on average earns only around 100$ on average working in a regular job. Using our app/web, users can order a pet service or order food and avail a quality service in the comfort of their own home from our verified professionals within 2 hours anywhere in Dhaka, and the experts and vets professionals can earn 3 times the amount they would normally earn while having enough time to take care of their families and households.
We launched our pilot in June 2020 and our full-scale operations in November 2020. We have onboarded 30+ skilled service providers in our platform till today and served 2000+ jobs in total.
Our hottest categories are Vets service, Expert service and grooming service and our upcoming categories are fresh wet Pet food. We are running a 360 support platform for our vets, experts, groomers with later-stage growth training facilities for interested people to become experts in the pet industry.
In short, we are converting a skilled from a freelancer to a full-fledged entrepreneur with a growing entity and brand.. .
Pet Pharmacy
pet pharmacy is a safe and affordable webshop for veterinary medicines put together by veterinarians, practical experience as veterinarians.
HappyVet –
EverythingTail
Online market place for pet services
Vetix Ataşehir Veteriner Kliniği
Vetix Atasehir Veterinary Clinic is a veterinary clinic that provides modern veterinary services to pet owners. The company, which managed to become one of the best Ataşehir veterinary clinics in a short time, served over 1000 patients in a short time.
Services: General Examination, General Surgery (Fracture, Dislocation), X-ray, Internal Medicine, Hemogram, Biochemistry, Allergy and Fungus Test, Ultrasound, Mixed Vaccination, Parasite Vaccination, Microchip Placement, Pet Hairdresser, Pet Passport, Veterinary Food, Cat Dog Vaccination at Home service. .
Om Pet Clinic
Om Pet Clinic is run and managed by Dr. Saurav.
This pet clinic is based in Ranchi offering a wide range of services like vaccination, surgery, and more.. .
Weedley
Weedley is a healthcare company dedicated to the commercialization of veterinary products.
PetServi
We want to serve the entire range of needs that pet owners have, we don’t want to be an online presence for brick and mortar pet shops but we envision that PetServi can provide services that go beyond selling dog food or cat accesories. Currently we offer same day delivery and a wide range of products for dogs and cats.
We want to expand our catalogue as much as possible and also find local manufacturers that want to sell but don’t have the digital marketing abilities to make them well known.. .
Kite Vision Vet
Kite Vision Vet is a veterinary medical device company.
GoVéto
GoVéto is a startup offering a veterinary emergency service at home. The startup was founded in Liege, Belgium.
Petloka
Petloka is a veterinary company.
Miniique
Miniique is a work efficiency service provider company for veterinarians.
Qovetia
Qovetia brings together canine, equine, and rural veterinarians, willing to jointly develop their clinics around common values.
FLUFFY
FLUFFY is a provider of veterinary home visit management service.
FixIv
FixIv develops a veterinary product for gluing dog and cat accessories without the need for glue.
5 Pet Care Startups By Indian Women Entrepreneurs
With Pet Industry finding its roots in India, the Petcare sector in India is evolving rapidly with numerous startups coming up with solutions to meet the Indian pet care needs.
It is astonishing to note that the Indian pet care market was valued at $265 million in 2017 and is projected to grow at a 13.9% rate annually to reach $430 million by 2020.
In the startup sector, Indian women entrepreneurs are leading and raising the bar. Here are 6 women entrepreneurs who have reshaped the landscape of the Indian pet care business.
Rashi Narang, HeadsUpForTails
While technically a decade-old business, Rashi Narang started Heads Up For Tails in 2008. It has become somewhat of a household name in some major cities in India.
HUFT offers a range of pet care products including food, beds, toys, grooming accessories, and more. Currently, the startup is operating in 28 cities in India.
Shirin Merchant, Canine Can Care
Based out of Mumbai, Shirin Merchant found Canine Can Care in 1998. She is a veteran canine trainer and her company offers dog products for her clients. She also provides kenneling and training courses to dog trainers and helps them with certifications.
Anushka Iyer, Wiggles
This is the most recent introduction to the pet care market. Founded in 2018, Wiggles is created by Anushka and her father, Rajh V Iyer.
Wiggles is an online platform for pet owners and is curated by renowned veterinarians. The platform offer vets on-call service, grooming services, and pet healthcare and nutrition products.
The startup recently raised $1 million in funding. Starting from Pune, the startup has now set up a base of operations in Mumbai as well.
With the funding secured, they plan to reach out to Hyderabad and Udaipur. They want to cover the whole of India and help transform the pet healthcare sector.
Devanshi Shah, PetKonnect
She started this company after losing her pet dog due to a critical health issue. She realized multiple gaps in the animal health care sector in India.
Out of this realization, she developed PetKonnect, an online comprehensive community for animal caregivers with a social pet network that offers important information on vets, groomers, trainers, and emergency services.
Shruthi Nithin, FLOAP
She started FLOAP (For Love Of All Pets) in 2018. An online platform that provides varied services to help pet owners take better care of their pets. A complete eCommerce and information portal to help pet parents find the right information, services, products, references, and connect with other pet owners. Currently, they secured an undisclosed amount of funding and working on revamping their website for launch.
Source & Reference-by Warren Tesla
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