30-04-2025
- Business
- AU Financial Review
Losses rise at $1b start-up Pet Circle despite growing sales
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.
