Hyderabad-based audiology chain Hearing Solution (Hearzap) has raised Rs 50 crore (approximately $6 million) in a Series A round from 360 One Healthcare Opportunities Fund, a private equity (PE) fund focused on healthcare and life sciences under 360 ONE Asset.
The proceeds will be used to ramp up Hearzap’s operations across the country over the next three years, it said in a press release.
Founded by Selvaraj Rajapandian, Hearzap provides a digital suite of applications for remote diagnostics and virtual shopping experiences. It operates more than 90 audiology clinics that also serve as hearing experience stores in seven states, offering hearing care with a team of over 100 audiologists.
360 ONE PE, which manages approximately $2.5 billion, focuses on healthcare, technology, financial services, and consumer industries, including healthcare investments like Kauvery Hospitals, Nephroplus, and Infigo Eye.