Doggy

The Uber of dog-walking is going public in the furriest gig SPAC merger yet

Snacks / Monday, April 26, 2021
_The pawrents should leave more often [Robbie Augspurger via GettyImages]_
_The pawrents should leave more often [Robbie Augspurger via GettyImages]_

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...

  • Things are looking pup: Rover just reported first quarter numbers that signal a post-pandemic recovery, as you leave your maltipoo for Miami.
  • New customer daycare bookings for puppies were up 64% from 2019, a record high.

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.

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