Preventive pain management and wellness firm Heatronics raises Rs 1.8 Cr Seed funding from IPV
Heatronics, a preventive pain management and wellness firm based in Noida, has raised Rs 1.8 crore in a seed fundraising round headed by Inflection Point Ventures (IPV).
Angel investors Shivam Mishra of String Ventures and Nitin Agarwal, a former GlobalBees executive, also participated in the round.
The new funding will be utilized to improve manufacturing facilities, broaden its distribution network, and bolster marketing and branding campaigns.
Heatronics was founded in 2022 by Hargun Singh Chawla and produces medical-grade heat therapy and recovery equipment under the hCore brand.
Ten heat-therapy solutions for pain relief and recuperation are available from the company. Heatronics claims that the devices, which include temperature-control technology and automated shut-off capability, were created based on input from more than 500 consumers.
Heatronics employs around forty workers at their 12,000-square-foot production facility in Noida. Amazon, Blinkit, the startup’s website, and physical retail stores are some of the avenues it uses to market.
The business states that it is certified in BIS, CDSCO Class B, and ISO 13485. Additionally, it claims to use a vertically integrated supply chain to produce its goods domestically.
Ahead of the peak demand season, Heatronics reported a roughly fourfold rise in monthly revenue and more than 100% year-over-year growth.
