UClean raised funding for Bonbeno- one stop solution for pet care
New Delhi, September 26th ,2018: India's pet care industry has been witnessing a never seen before growth trajectory, due to the increasing number of urban households, demand for companionship, and higher spending capacity on pets. Valued at $500 million in 2013, this sector grows about 20% annually according to Euromonitor International, a London-based market research firm. In fact, Pet food market alone is pegged to be at a whooping $270 Million by 2020. Much like the other domain of the startup ecosystem, pet care industry has witnessed consolidations, mergers and acquisitions lately.
Bonbeno, a Delhi based startup with one stop solution for pet care, food and needs with a Tech platform, has raised an undisclosed amount of funding from Arunabh Sinha. Arunabh, an IIT Bombay alumni, a Franchise Industry veteran and CEO of UClean, is popularly known as the 'Laundry Man of India' for creating country's fastest growing franchise brand in the shortest period of time ever.
"Arunabh brings a lot of franchise building and development experience on board, along with a huge network of entrepreneurs, HNIs and startup ecosystem which will be instrumental in exponential growth of Bonbeno as a Franchise based brand", said Vinay Roy, the Founder of Bonbeno
Bonbeno was founded in 2017 by Vinay Roy and Nikhil Tobria, who found the shopping experience for pet care products, especially retail, very time consuming and frustrating. This led to the establishment of Bonbeno, a chain of retail stores stocking all things pet – food, accessories.
"Pet care and accessories, is a very exciting and franchise oriented domain to be in. With the growth that the market has witnessed with increased awareness and better spending capacities in last few years, it seems to be an extremely scalable business model to invest in", noted Arunabh Sinha, who would also be joining the Board of the company as a Strategic Advisor and Mentor along with funding.