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Funding · Healthcare & Life Sciences

Heatronics raises ₹1.8 crore seed round from Inflection Point Ventures

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Date
Company
Heatronics
What it does
Preventive pain-management brand
Kind
Funding
Amount
₹1.8 Cr
Stage
seed
Based in
Noida
Founded
late 2022
Sector
Healthcare & Life Sciences

What they do

Heatronics makes medical-grade heat-therapy devices under its hCore brand for pain relief

What happened

The company raised ₹1.8 crore in a seed round led by Inflection Point Ventures

Why it matters

Revenue grew over 100% year-on-year as the firm expands its channel network

The details

  • Heatronics has raised ₹1.8 crore in a seed round of funding.
  • The investment was led by Inflection Point Ventures (IPV).
  • Nitin Agarwal, an ex-GlobalBees executive, participated as an angel investor.
  • Shivam Mishra from String Ventures also invested as an angel.
  • The funds will support marketing, facility upgrades, and channel expansion.
  • The company operates a fully Indian vertically integrated supply chain.
  • It manufactures products at costs lower than those in China.
  • Revenue increased nearly fourfold monthly with over 100% year-on-year growth.

The bigger picture

  • India's OTC painkiller market is valued at approximately $2.25 billion.
  • The pain-management devices market is projected to reach $336 million by 2030.
  • About 60% of Indians currently self-medicate with analgesics for pain.
  • The elderly population is expected to double by 2050, increasing demand.

About the business

  • Heatronics sells preventive pain-management and wellness devices under the hCore brand.
  • Products include 10 wired heating devices using NTC sensor technology.
  • The sensors read surface temperature and adjust warmth in real-time.
  • Devices feature automatic shut-off after a set time for safety.
  • The company holds CDSCO Class B licensing and ISO 13485 certification.
  • It also maintains BIS certification for its manufacturing processes.
  • Sales channels include Amazon, Shopify D2C, Blinkit, and general trade retail.
  • Manufacturing occurs at a 12,000 sq. ft. owned plant in Noida.
  • The firm employs over 40 people across its operations.

What happens next

  • The company plans to expand its channel network significantly.
  • Heatronics intends to upgrade its manufacturing facilities further.
  • Marketing and branding efforts will increase brand visibility.

The deal

Type
Seed Round

Investors

Founders

  • Hargun Singh Chawla, Founder & CEO

About Heatronics

Product
pain management startup

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