Hearing Solutions, the company behind the Hearzap hearing care chain, has successfully secured ₹50 crore in funding from the healthcare and life sciences-focused private equity fund of 360 One Asset Management.
S Raja, Managing Director of Hearing Solutions, expressed the company’s strategic plans for the newly acquired funds, stating, “We plan to utilise these funds for spreading awareness through digital platforms and increase our footprint across the country.”
Hearzap specialises in providing hearing care solutions and has developed a digital suite of audiology applications for remote diagnosis and virtual shopping of hearing care devices.
Raja highlighted that the company aims to reach revenue of ₹100 crore by next year. Last year the company did revenue of ₹60 crore and is looking to hit revenue of ₹75 crore in the current year.
The Hyderabad-headquartered startupalso aims to increase its store count from 90 to 150 by the end …