Fredun Pharma buys 26% of Goodman Vetcare to back pet retail expansion
Fredun Pharmaceuticals has acquired a 26% stake in Mumbai-based Goodman Vetcare, which operates three pet-care stores. Goodman plans at least eight new outlets across three cities, a new-city warehouse and expansion beyond Maharashtra by end-2027, targeting about ₹100 crore in revenue by FY31.
What happened
Fredun Pharmaceuticals acquired a 26% stake in Mumbai-based pet retailer Goodman Vetcare, adding to its Furlicks acquisition. Goodman plans eight new stores
Key facts
- 26% stake acquired in Goodman Vetcare
- Goodman operates 3 stores
- Revenue targets: ₹40 crore in FY27, ₹56 crore in FY28 and about ₹100 crore in FY31
- At least 8 new stores planned across 3 cities
- At least 2 additional Mumbai stores and first stores outside Maharashtra planned by end-2027
What changed
Fredun Pharmaceuticals acquired a 26% stake in Mumbai-based pet retailer Goodman Vetcare, adding to its Furlicks acquisition. Goodman plans eight new stores across three cities, a new-city warehouse and expansion beyond Maharashtra, targeting about ₹100 crore revenue by FY31.
Why this matters
Fredun’s 26% investment gives Goodman Vetcare capital to accelerate from three stores into a multi-city pet-care network supported by new warehousing and expansion beyond Maharashtra.
What to watch
- Announcement of the first out-of-Maharashtra city, store pipeline and warehouse location.
- Evidence that Fredun provides operating support beyond capital, including product distribution, health-product launches or board involvement.
- Store-opening pace versus the stated plan for at least eight new outlets.
- Launch of veterinary clinics, pharmacy/prescription services, grooming, memberships or subscription delivery.
- Funding rounds, increased ownership by Fredun or partnerships with pet-food and diagnostics brands.