Heatronics Secures Funding for Pain Management Solutions

Noida-based Heatronics, known for its preventive pain-management and wellness innovations, has raised Rs 1.8 crore in a seed funding round led by Inflection Point Ventures (IPV). This round attracted contributions from angel investors such as Nitin Agarwal, a former executive at GlobalBees, and Shivam Mishra of String Ventures.

Investment Utilisation

The new funding will be directed towards enhancing marketing and branding efforts, upgrading manufacturing capabilities, and broadening its distribution network.

About Heatronics

Founded in 2022 by Hargun Singh Chawla, Heatronics is dedicated to developing medical-grade heat therapy and recovery devices branded as hCore. The company boasts a diverse range of 10 heat-therapy products intended for pain relief and recovery.

Product Development

As stated by Heatronics, the products were crafted based on insights from over 500 customers, featuring advanced temperature-control mechanisms and automatic shut-off functionality.

Operational Profile

Heatronics operates a 12,000-square-foot manufacturing facility in Noida and employs a workforce of more than 40 individuals. The startup markets its products through various channels, including Amazon, Blinkit, its own website, and physical retail outlets.

Certifications and Manufacturing

The firm claims to have attained ISO 13485, CDSCO Class B, and BIS certifications. Additionally, Heatronics emphasizes that it manufactures its products locally using a vertically integrated supply chain.

Growth Performance

Heatronics reports an impressive year-on-year growth exceeding 100%, with its monthly revenue rising nearly fourfold in anticipation of the peak demand season.