Hearing Solutions Pvt. Ltd., the operator of the hearing care chain Hearzap, has successfully raised approximately $6 million (₹50 crore) in a funding round led by 360 One Asset Management Ltd’s healthcare and lifesciences-focused private equity fund. This marks the first investment from 360 One’s dedicated fund for healthcare and lifesciences.
Hearzap, headquartered in Hyderabad, is at the forefront of addressing the growing concerns around hearing health. With 90 audiology clinics and hearing experience stores spanning seven states, the company has established a team of 100 audiologists. The newly secured funds will be instrumental in expanding its operations nationwide over the next three years.
Hearzap’s innovative approach involves leveraging technology to provide digital audiology applications for remote diagnosis and virtual shopping of hearing care devices. This strategic funding, coupled with the expertise of 360 One in the healthcare sector, positions Hearzap to introduce groundbreaking technology and services that will reshape the landscape of hearing care.
Selvaraj Rajapandian, the founder and managing director of Hearzap, expressed the company’s commitment to addressing hearing health issues and the transformative impact of technology-backed solutions. Nidhi Ghuman, Senior Executive Vice President at 360 One Asset Management Ltd, highlighted the attractiveness of the hearing health market and commended Hearzap’s pioneering role in offering scalable solutions in India.
That’s incredible news! Hearzap is making waves in the hearing care industry. They have recently secured an impressive ₹6 crore in funding and are becoming a major player in the healthcare sector. Sending my best wishes to the Hearzap team!
~ Dr Shishir Gupta founder & CEO of StartupLanes
About us: StartupLanes is an ecosystem for Startups and Investors. Collaborate or find a co-founder, it’s a platform for Entrepreneurs. We love startups! A place for Angel Investors and Venture Capitalists to find investing opportunities in startups. Validate your idea, Learn & Execute.
Startups looking for funding may apply through StartupLanes Funding Application.
Angel Investors Register Free to explore exciting startup investment opportunities.