PE-VC Fund Investments
Pain mgmt clinics chain Nivaan Care raises $7-M led by Sorin Investments
New Delhi-based Nivaan Care has raised USD 7 million in a Series A funding round led by Sorin Investments with participation from existing investors W Health Ventures, Endiya Partners, and Rebright PartnersFounded in 2023 by Nivesh Khandelwal and Vishwas Singh, Nivaan Care operates pain management clinics across Delhi-NCR, Mumbai, Jaipur, and Lucknow, focused on chronic pain, including back, knee, and neck pain. Nivaan Care follows a multidisciplinary care model, combining pain physicians, physiotherapists, and care coordinators to deliver non-surgical and minimally invasive treatments.The company plans to use the capital to expand its clinic network across more cities, strengthen its clinical and operating infrastructure, and enter new markets such as Bengaluru and expand into select satellite cities.
Between Feb-23 and Feb-25, Nivaan Care had attracted about USD 5 M from Endiya Partners, W Health Ventures, and others.For FY24, Nivaan Care had reported about INR 1 Cr in Operating Income and about INR 6 Cr in Net Loss.
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