HomeRun: IoT devices for home-alone pets

China

4 min read

Jan 08, 2020

By Hua Nan

Founded by a pet owner who worried about leaving his dog alone at home, HomeRun is chalking up big sales in China's billion-dollar pet care market

In the race to capitalize on China's fast-growing pet care market, estimated to be worth RMB 250bn by 2022, HomeRun founder Liu Kun had to make a tough decision as a first-time entrepreneur. Market research showed that pet ownership was growing fast with a total of 150m pets in 2015, from 100m in 2010. Seeing the market potential for pet care robots, Liu had left his job as R&D engineer to start HomeRun in July 2015 with RMB 1m seed funding from private investors.
The company's growth has since been exponential. In 2018 its sales of smart pet-care devices topped RMB 10m, with over 30,00...

The rest of the content is only available if you are logged in.

Edited by Suzanne Soh

We pride ourselves on the accuracy of our information and reporting. Please help us by letting us know of any incomplete or inaccurate information on our website.

IN THIS INSIGHT

STARTUPS HomeRun

China

Founders Liu Kun

China Founder and CEO of HomeRun

Founders Cheng Xiaohua

China Co-founder of HomeRun

DATABASE

INSIGHTS

RESEARCH & ANALYSIS

FOLLOW US