Hyderabad-based audiology trailblazer Hearing Solution (Hearzap) has raised INR 50 crore (approximately $6 million) in a Series A funding round led by the esteemed 360 One Healthcare Opportunities Fund. This private equity (PE) fund, specializing in healthcare and life sciences under 360 ONE Asset, is set to propel Hearzap’s mission to transform the audiology landscape.
A recent press release states that the significant funding infusion is earmarked for an ambitious expansion plan. Hearzap aims to bolster its operations nationwide in the next three years. Founded by Selvaraj Rajapandian, Hearzap distinguishes itself by providing a cutting-edge digital suite of applications tailored for remote diagnostics and virtual shopping experiences. With a footprint of over 90 audiology clinics, doubling as immersive hearing experience stores, Hearzap has established its presence in seven states, offering top-notch hearing care facilitated by a dedicated team of over 100 audiologists.
360 ONE PE, managing an impressive portfolio of approximately $2.5 billion, focuses strategically on healthcare, technology, financial services, and consumer industries. Noteworthy investments in the healthcare sector include Kauvery Hospitals, Nephroplus, and Infigo Eye, further underscoring the fund’s commitment to advancing transformative ventures in the health and wellness domain.
Hearzap’s innovative approach to auditory health, coupled with the backing of 360 One Healthcare Opportunities Fund, positions the company at the forefront of the audiology revolution. The infusion of funds is anticipated to enhance Hearzap’s technological capabilities and strengthen its market presence, offering a beacon of hope for those seeking advanced hearing solutions in an increasingly digital and interconnected world. As Hearzap charts its course for expansion, the Series A funding marks a pivotal moment in the company’s journey towards redefining the standards of auditory care.
