After Petz, Cobasi and Pet love must go shopping

• October 26, 2022
• By admin
• e-Commerce
• 0

After Petz, Cobasi and Pet love must go shopping

Although they are not yet listed on the stock exchange, Cobasi and Pet Love have funds from contributions made by private investment funds to their operations.

Cobasi, one of the largest pet and garden retail chains in Brazil, opens its third store in Curitiba, 8th in Paraná. The unit with about 600m² is located in the Novo Mundo neighborhood.

The public’s acceptance of the brand in the state and city was very good, which justifies us in continuing our expansion in the place, in order to be closer and closer to our customers”, says Daniela Bochi, Cobasi’s marketing manager .

Petz ‘s appetite for acquisitions should be reflected in the reaction of competitors in the coming months, with the market expecting purchases by Cobasi the second largest network in the country and by Petlove , the third place, best known for e-commerce.

Petz capitalized on a subsequent offering of shares (follow-on) of R$ 779 million and has already hinted that its next purchases may come in the health area.

Although they are not yet listed on the stock exchange, Cobasi and Pet love have resources from investments made by private investment funds in their operations.

The area of ​​animal health and welfare should motivate the three networks, either by launching their own services or by acquiring businesses already in progress.

In August of last year, Pet love received a capital injection of R$750 million, led by Riverwood Capital, with the participation of Soft Bank Latin America and Monashees.

In August of last year, Pet love received a capital injection of R$750 million, led by Riverwood Capital, with the participation of SoftBank Latin America and Monashees.

The company, founded by Marcio Waldmann, is eyeing “unicorn” status (a nickname given to startups worth more than $1 billion). In 2021, the company purchased Dog Hero, which provides services for dog and cat walkers and caregivers, and entered into a partnership with Porto Seguro to launch its pet health plan.

In the store you can find everything your pet needs. Cobasi offers the best brands of feed, for all types of animals, and has employees trained to inform you which is the most suitable for each one.

It also offers a wide variety of toys, collars, clothes, medicines, hygiene items, among others. Also, the company works with a series of own brands, that is, products that you can only find at Cobasi, such as the My Hug, for petcare, and Natural Origin, for food.