NewsBite

Losses rise at $1b start-up Pet Circle despite growing sales

Amelia McGuire
Amelia McGuireBusiness reporter
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Losses at Pet Circle, one of Australia’s biggest start-ups, rose to $26.4 million last year despite its sales almost reaching $400 million.

The online pet supplies business was one of several Australian start-ups that received a $1 billion valuation in 2021 after it raised $125 million from investors including AirTree Ventures and TDM Growth Partners.

Loading...
Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age. Connect with Amelia on Twitter. Email Amelia at a.mcguire@afr.com.au
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Technology

Fetching latest articles

Most Viewed In Technology

    The Australian Financial Review Magazine

    Julie Bishop.

    BOSS Financial Review

    Cathy Sparks, Nike’s head of APAC at the Sydney Swans HQ.

    Life & Leisure

    Volker Haug’s pendant lighting.

    Rich List

    Anchorage Capital Partners’ portfolio includes 185-year-old department store chain David Jones.

    Anchorage Capital Partners COO resigns, jumps to family office

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    Original URL: https://www.afr.com/technology/losses-rise-at-1b-start-up-pet-circle-despite-growing-sales-20250430-p5lvfr