Pet care brand, Wiggles has announced the acquisition of Capt Zack.
In a 100% cash and equity deal, the acquisition is one of the first in India’s pet care start-up economy.
Founded in 2016, Capt Zack is one of India’s earliest D2C entrants in the pet care category.
The acquisition will not only enable Wiggles to grow its presence but also reaffirms the brands’ leadership and promise towards pets and animals.
Anushka Iyer, Founder and CEO of Wiggles, said, “We set out with an ambition to create a pet care ecosystem par excellence, tailored for Indian pets and animals. We have successfully launched category disruptive products, and services, earned trust, and revolutionised pet care in its true sense with our veterinary-first strategy, distinctive to Wiggles. As a brand, the values that Capt Zack operates with are synonymous with Wiggles. We firmly believe this acquisition will provide an impetus to our efforts and accelerate the momentum for new product development and launches, while strengthening distribution. We welcome Mohit and the team at Capt Zack to the Wiggles family. We are elated with a development of this scale and look forward to leading India’s pet care story with quality and science.”
Mohit Lalvani, Founder of Capt Zack, added, “It is the shared vision of Capt Zack and Wiggles’, that is the real winner. We are humbled on becoming a part of a brand that has achieved so much in a short span. The value that Wiggles introduced for pet parents is commendable. Given the substantial growth of pet ownership in the country, we are certain that the future is exciting and filled with innovation. We look forward to working with Anushka and the team as we march towards building India’s first holistic pet care ecosystem.”