INNOVATION AT YOUR FINGERTIPS
Updated: 11/2019
HomeRun
China / Shenzhen , China
Pitch
With sales already exceeding RMB 10m in 2018, HomeRun is launching new IoTs for pets including automatic cat litter boxes and smart collars.
Why
Busy pet owners
Difficult to find carers for pets when owners are working or away from home.
Growing pet economy
Booming demand from pet owners, year-on-year spending in China increased 15% per pet in 2018.
Market
RMB 250bn
Projected value of China’s pet care market by 2022, according to data from Shenzhen-based market research firm AskCI Consulting.
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