Private Equity

PE Fund Investments

Audiology chain Hearzap raises Rs.50-Cr from 360 ONE

Advisor Announcement  

Hearing Solutions Private Limited (“Hearzap”), has raised INR 50 crore for a minority stake from a newly launched healthcare and lifesciences focused private equity fund of 360 ONE Asset Management Limited (“360 ONE Asset”). The funds raised would be used for expanding its existing operations nationwide over the next 3 years. The Hyderabad-headquartered Hearzap is a pioneer in audiology care through its innovative digital suite of applications for remote diagnosis and virtual shopping experience. It also has a strong presence with over 90 audiology clinics-cum-hearing experience stores across 7 states offering complete comprehensive hearing care with a professional team of 100+ audiologists and exclusive partnerships with reputed international hearing aid brands. Veda Corporate Advisors was the exclusive financial advisor to the company