FitPet aims to end up being a platform business and also integrate pet healthcare
SEOUL, South Korea–(BUSINESS WIRE)– FitPet, a leader in medical care for pets, announces strategies to come to be a Pet Healthcare Platform company that develops a brand-new ecological community by integrating the fragmented family pet market.
Today, over 15 million individuals are increasing pets in Korea. Certainly, pet possession is much greater around the world and also is swiftly expanding. Presently, the structure of the traditional pet industry is messy and also ineffective. However, lately, more locations of the pet dog market are being integrated and top quality is continually enhancing. Numerous kinds of innovative technology are arising in the pet market, such as wise water dispensers, food feeders, and also habits evaluation for friend animals.
FitPet’s objective is establishing a Pet Healthcare Platform and environment. FitPet prepares to build a data pipeline throughout the pet’s life cycle, from very early identification of conditions, to regular health and wellness care gos to and also treatments at vet centers, healthcare facility bill settlements, as well as insurance policy claims. Based upon the high-quality data accumulated, FitPet is relocating towards giving optimum remedies to pet dog owners. Furthermore, various brand-new services will be used to systematically manage family pets in the future.
According to Mr. Junguk Ko, FitPet, CEO, “Qualitative growth of the animal industry is significant. FitPet prepares to constantly expand customized services and products by recognizing prospective customers’ market requires based upon huge information. FitPet will focus on innovation growth for pet healthcare, consisting of the innovation as well as enhancement of Pet Bio Kits as well as its connected App systems.”
FitPet’s Ahead is a simple health and wellness examination kit for animals that checks 10 health components such as Specific Gravity (SG or G), Occult blood, pH, and Nitrite utilizing pee samples of animals and signs of uncommon indicators of diseases such as diabetes mellitus, urolithiasis, liver condition, etc. Ahead has actually been certified as an official veterinary medical device by the Animal and also Plant Quarantine Agency (APQA) in Korea. The modern technology of FitPet’s Ahead is integrated in a cell phone App with the fundamental operating concept of a spectroscope.
Like human fingerprints, the nose of animals is an one-of-a-kind identifier that can replace the identification chip. Utilizing this innovation, FitPet introduced the sector’s very first pet dog insurance item with each other with ‘DB Insurance’, one of the significant insurance business.
FitPet items can be located on “FitPet Mall” and includes items, ‘Ahead’, dental eat, ‘Itchu’, and an oral care powder, ‘Plago’.
In addition, even more than 2,000 items are currently readily available, including health check-up sets that assess a family pet’s wellness using hair and saliva.
About FitPet
Established in 2017, FitPet is a leader in animal healthcare remedies. FitPet’s front runner item, Ahead, is a simple to use and also advanced mobile pet dog urine examination set, successfully merging IT and also BT.
FitPet is a family pet healthcare platform firm, not a conventional business company. In 2018, revenue was $400,000 USD with the product, Ahead as well as in 2019, FitPet videotaped approximately $7 million USD in revenue since finalizing on celebrity vet, Seol, Chae-hyun as an unique industrial version and also broadening its product lines.
FitPet has effectively shown both amount and also high quality throughout its 4 years of establishment as well as was appointed as a “Global ICT Future Unicorn Fostering (ICT GROWTH)” task by the Ministry of Science and ICT in Korea. FitPet was likewise named as a Growing Unicorn by the Ministry of SMEs (Small & Medium Enterprises) and Startups in Korea. Lots of major Financial Investors such as Premier Partners, LSK Investment, Mirae Asset Capital, Samsung Venture Investment, POUND Investment, and PNP Investment are likewise empowering BM expansion via their financial investments.
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