Fredun Pharmaceuticals Ltd — Important, 09-10-2025: Company Update

Fredun Pharmaceuticals has acquired all assets of Wagr.ai, a leading pet tech platform, to launch India's first neutral online marketplace for pet products and services. This strategic move integrates Wagr's technology, over 140,000 pet parents, patented fitness tracking, and a veterinary network into FPL's offerings. The acquisition, a zero-cash deal with Wagr's founders and investors becoming FPL equity partners, positions Fredun Pharma in India's rapidly growing $6 billion pet care industry. FPL plans to relaunch the marketplace, telemedicine, and AI-powered pet care, creating a comprehensive pet care ecosystem by combining its nutrition expertise with cutting-edge technology.