India, Oct. 9 -- Fredun Pharmaceuticals Limited a leading pharmaceutical formulation manufacturer, has announced the strategic acquisition of all assets of Wagr.ai, a prominent pet tech platform. The move marks Fredun's entry into the rapidly expanding Indian pet care industry, estimated to reach $6 billion by 2030.
The acquisition includes Wagr's technology platform, a user base of over 1.4 lakh pet parents, patented pet fitness tracking technology, and a nationwide veterinary network, creating a robust ecosystem for pet wellness and services.
With this acquisition, Fredun Pharmaceuticals plans to relaunch the Wagr marketplace and services in Q4 FY2025-26, introducing India's first neutral online marketplace for pet products and services...