Indian pet food brand Benny's Bowl has raised approximately $1.4 million in a pre-series A funding round led by Indian venture capital fund Atomic Capital, with plans to direct the capital toward research and development, new product lines and expanded distribution in major Indian cities.
The latest round comes as Benny's Bowl reports doubling its revenue over the past 12 months, with a target of approximately $10.8 million in annual revenue by 2027, Atomic Capital said in a statement.
Atomic Capital said the company operates two brands: its flagship Benny's Bowl, a human-grade pet food line focused on high-quality nutrition, and Petfed, a pet lifestyle and community platform for Indian users.
"At Benny's Bowl, we are on a mission to build a trusted ecosystem and take active ownership of fixing the pet nutrition market. This funding allows us to double down on innovation, clinical nutrition, and accessibility, so pet parents don't have to choose between convenience and quality. Our goal is simple: build nutrition that actually works," said Akshay Gupta, the brand's founder.
Recent product releases include formulations targeting gut health, allergies, renal health, skin and coat, and weight management.
"The newly raised funds will be used to boost product innovation and research that will help it launch new product lines including cat food, protein supplements among others," Atomic Capital said. "Benny's Bowl will also focus on expanding distribution across channels and spend on educating consumers about pet nutrition."
Benny's Bowl's offerings include freshly cooked pet food made with chicken, lamb, pumpkin, peas, French beans, carrots, sweet potatoes, brown rice and paneer cheese.
Australian pet food subscription service secures funds for growth
Sydney-based fresh pet food subscription service Lyka has raised approximately A$67 million (US$47 million) through a Series C funding round led by U.S. venture capital firm LGVP.
The capital will support the company's expansion and research aimed at improving dogs' health and lifespan, founder Anna Podolsky told the Australian daily newspaper The Australian.
Lyka sells fresh, personalized dog meals via subscription, tailoring pet food to each dog's breed, age and lifestyle.
In a social media post, Podolsky said that following the close of the Series C round, the company's focus "remains where it has always been; on serving our customers, and providing the best possible outcomes for our pets."
"From 1 to over 100,000 dogs across Australia, we've delivered more than 100 million Australian-made meals made from real ingredients, with 96% our customers sharing that they have seen tangible impact on their dog's health," Podolsky said.
Lyka has invested in expanding its production capacity in recent years. In 2023, the company allocated approximately A$16 million to launch a new pet food plant and national distribution center in Melbourne's Dandenong South suburb, according to the Victoria State Government.
"The new facility includes new production lines and advanced, automated equipment that is the first of its kind in Australia, enhancing efficiency and nutrient retention," the statement said.
