According to the American Pet Products Association, pet spending has grown every year since 1994 and reached almost $67 billion in the U.S. last year. This is partly what fueled the largest e-commerce acquisition ever, Chewy.com, a site for pet products joyetech tron-s.
Venture capitalists have taken note and have also invested in activity tracker Whistle, which was acquired by Mars. CB Insights found that funding of pet startups has increased over the past five years.
As for Rover, when asked about future plans, Easterly was optimistic that the six-year-old company will eventually be traded on the public markets. An IPO is “the most likely outcome by far,” he said Desktop Virtualization.
All right, startups in sub-Saharan Africa, you can now breathe a little easier. We’re giving you a one-week extension, and you now have until next Friday, July 21, to apply to TechCrunch’s inaugural Startup Battlefield Africa.
We’re excited to be partnering with Facebook to bring our illustrious startup competition, the Startup Battlefield, to Nairobi, Kenya later this year. The Battlefield will feature several prominent startups from the region, each vying to be crowned the most promising startup in sub-Saharan Africa DR REBORN.
