Radiology chain Hearing Solution (Hearzap) based in Hyderabad has received Rs 50 crore (about USD 6 million) in funding. The investment comes from 360 One Healthcare Opportunities Fund, a private equity fund specialising in healthcare and life sciences.
The funds will be used to expand Hearzap’s operations across India over the next three years. Veda Corporate Advisors served as the exclusive financial advisor to the company. Hearzap offers a range of digital applications for remote diagnostics and virtual shopping experiences.
With over 90 audiology clinics in seven states, Hearzap provides hearing care services with a team of more than 100 audiologists. 360 One Healthcare Opportunities Fund focuses on identifying and investing in healthcare opportunities. 360 ONE Asset Management, which is part of 360 ONE, manages over USD 7 billion in assets and invests in various sectors including healthcare.
Categories: Other News