Acquisition · Healthcare & Life Sciences
Hearzap acquires Amplifon India to expand network
By Startup Enthusiast ·
- Date
- Company
- Hearzap
- What it does
- Hearing care and rehabilitation services
- Kind
- Acquisition
- Based in
- Hyderabad
- Founded
- 2018
What they do
Hearzap provides hearing assessments, hearing aids, and speech and hearing rehabilitation services across India
What happened
The company finalized the purchase of Amplifon India, adding approximately 240 hearing care points of sale to its network
Why it matters
This acquisition strengthens Hearzap's presence in the organized hearing healthcare market across metro, Tier II, and Tier III cities
The details
- Hearzap has completed the acquisition of the hearing care operations of Amplifon India.
- The deal adds roughly 240 hearing care points of sale to the existing Hearzap network.
- The network will have over 1,000 service providers across India.
- All existing Amplifon India professionals will be retained as part of the transition.
- The combined entity now operates a network of 420 centres across the country.
- Hearzap plans to deploy AI-enabled diagnostics and tele-audiology solutions to enhance its service offerings.
The bigger picture
- This move significantly increases Hearzap's footprint in the organised hearing healthcare market.
- The combined business expects to reach a topline revenue (total sales before expenses) of over Rs 230 crore post-integration.
About the business
- Hearzap is a hearing care company headquartered in Hyderabad.
- It offers services including hearing assessments, hearing aids, and speech rehabilitation.
- The company employs over 1,000 service providers across its network.
- It is backed by 360 ONE Asset Management.
- The firm aims to reach 500 centres by the year 2027.
- Management targets a revenue of nearly Rs 500 crore by FY2029.
What happens next
- The company plans to invest in new hearing care centres and underserved markets.
- It intends to reach 500 centres by 2027.
- Hearzap will increase collaborations with healthcare institutions, insurers, and community health programs.
The deal
- Type
- acquisition
Investors
- 360 ONE Asset Management (existing) — An investment firm that backs Hearzap.
Founders
- Raja S., Managing Director
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