Rover Group Inc (ROVR): Rover inks deal with Petco similar to Wa...

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Rover Group Inc (ROVR)

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Thursday, 02/03/2022 5:43:02 PM

Thursday, February 03, 2022 5:43:02 PM

Rover inks deal with Petco similar to Walmart deal...

Petco and Rover are expanding their partnership with a new initiative that will surface Rover’s pet-sitting services on Petco.com.

Petco was an early investor in Rover, a Seattle company that went public in August through a SPAC merger.

The deal between Petco and Rover is similar to the partnership Rover inked with Walmart, which also promotes the company’s services on its website.

Rover’s marketplace connects pet owners with service providers who can board, walk, or otherwise care for their pets, often when they’re at the office or on a trip.

It’s been a rough start to 2022 for Rover, with shares down nearly 50% amid a broader market dip for tech stocks. Shares of Rover were down more than 10% on Wednesday.

https://www.geekwire.com/2022/rover-inks-deal-with-petco-as-shares-of-pet-sitting-company-continue-falling/

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