5 stars for four paws... And throw in a special purpose acquisition corgi. Rover is like Uber, for dogs. "The world's largest" online pet care marketplace connects you to dog walkers, house sitters, groomers, and even play dates for your pooch (similar to Wag). In February, Rover revealed it's going public by merging with a SPAC called Nebula Caravel Acquisition Corp (claaassic SPAC name). And it just dropped some fresh stats.
Meet the pawrents... Pet adoptions soared last year as homebound Americans took in furry friends, boosting pet supply companies like Chewy. For Rover, it wasn't as cute: 2020 sales plunged 49% because a) you didn't need a home sitter, since you were always sitting at home and b) you didn't need a walker, since your dachshund was your only reason to leave the house. Now...
We're in the "gig-ify anything" era... Independent workers' wages and participation soared 33% in 2020, as full-timers got laid off and the gig economy boomed (think: DoorDash, Instacart, Fiverr, Upwork). One in four workers are considering quitting their jobs post-pandemic — and many say it's because they want more flexibility (aka: exactly what gig work provides). From Rover's gig-ified pet care, to professional cuddling services (virtual and IRL) like Cuddlist... people are gig-ifying their interests and time at an unprecedented level.