Petlove&Co announces the acquisition of Nofaro
SÃO PAULO, March 8, 2022 /PRNewswire/ — Petlove&Co, the largest online platform for pet products and services in Brazil, has announced the acquisition of pet-health plan company Nofaro. The holding company now has a 100% share in Nofaro, the business that is consolidating itself as the country’s largest online pet-health company. The acquisition makes Petlove&Co a leader in animal health and over the next two years it expects R$ 500 million in revenue in the sector.
The goal of the operation is to strengthen the Petlove&Co ecosystem’s portfolio of products and services. The company is delivering on its mission to democratize and simplify pet care, offering a better experience for owners and empowering doctors/vets and entrepreneurs in the sector to make pets happier and healthier. This is the holding company’s sixth acquisition in the last three years, a reflection of the strength and growth of its ecosystem.
As a result of the operation, Petlove&Co’s customer portfolio in the health sector now includes over 70 thousand pets and almost one thousand accredited partners. The company has been operating on this market since April 2021. According to Talita Lacerda, CEO of Petlove&Co, the company expects to double its customer count by the end of 2022.
“Brazil is the second-largest pet market in the world and, with that throughput, Petlove&Co has increased its leadership in the pet-health sector with a new company that has a strong presence in online sales. The merger will also allow us to include state-of-the-art tools and to grow the accredited network, with regions in addition to those where we already have a strong presence, which will bolster our ecosystem”, explained Talita.
Nofaro is a Brazilian startup that has enjoyed huge success on the pet-health-plan market, with strong growth year upon year. Over 25 thousand pets and 600 accredited clinics and veterinary hospitals have used the service. The company is present in Porto Alegre, Caxias do Sul, Curitiba, Belo Horizonte, São Paulo and Campinas.
“We will continue to operate with the Nofaro brand, maintaining our pillars of innovation and simplicity. It’s an opportunity to further expand our businesses across the whole of Brazil“, noted Filipe Machado and Murillo Trauer, Nofaro’s founders.
About Petlove&Co
Petlove&Co consists of five pet-loving brands: Petlove, DogHero, Vet Smart, Vetus and Porto.Pet. We are the largest ecosystem for pets in Brazil and we have one goal: to make pets happy and healthy.
Determined to make a difference, we seek to democratize and simplify pet care, offering the best experience for pet parents and empowering veterinarians and entrepreneurs within the pet segment. At Petlove&Co, clients can find everything their pets need, when they need it, at affordable prices, with superb experience.
View original content:https://www.prnewswire.com/news-releases/petloveco-announces-the-acquisition-of-nofaro-301497120.html
SOURCE Petlove
