According to Forbes, Petsmart agreed to pay $3.35 billion for Chewy, a pet-sitting startup.
The acquisition is expected to close in the second quarter of 2019.
The deal is a significant step for Petsmart, as it looks to expand its services beyond retail sales. Chewy offers a variety of services, including pet sitting, dog walking, and feeding.
The startup also has a strong customer base, with more than 2 million users.
The acquisition is expected to help Petsmart grow its customer base and add new services to its repertoire. The company plans to use Chewy’s technology to improve its customer experience and expand its reach.
Petsmart is a major player in the pet-sitting industry and the acquisition of Chewy will give it an edge in the market. The deal is likely to be a success for both companies and it is likely to help Petsmart grow its business.
