Hearing Solution, an audiology chain headquartered in Hyderabad known as Hearzap, has raised Rs 50 crore (approximately $6 million) in its Series A funding round. The funding comes from 360 One Healthcare Opportunities Fund, a private equity (PE) fund with a focus on healthcare and life sciences, operating under 360 ONE Asset. In exchange for a minority ownership stake, the capital obtained from 360 One Healthcare Opportunities Fund will be used to expand Hearzap's operations nationwide over the next three years. Veda Corporate Advisors acted as the exclusive financial advisor for the company.

Nidhi Ghuman, Senior Executive Vice President at 360 ONE Asset, expressed their admiration for Hearzap's in-depth comprehension of customer needs and the challenges of the hearing health market. They noted that the hearing health sector is an appealing and expanding market. Hearzap has pioneered hearing health solutions in India and is now utilizing technology to provide these products and services on a broader scale. This marks the fund's initial investment.

The private equity (PE) fund specializes in the healthcare and life sciences sector, with the primary objective of identifying and investing in promising opportunities within healthcare. Selvaraj Rajapandian, Founder and Managing Director of Hearzap, conveyed that with the financial and strategic support of the 360 ONE team, along with their substantial expertise in the healthcare field, Hearzap is well-positioned to introduce groundbreaking technology and services.

Hearzap, based in Hyderabad, offers a digital suite of applications for remote diagnostics and virtual shopping experiences. The company operates more than 90 audiology clinics that double as hearing experience stores across seven states. They provide hearing care services through a team of over 100 audiologists. 360 ONE Asset Management, a part of 360 ONE, serves as an alternative asset management firm with a portfolio exceeding $7 billion in alternate assets and public market mandates. Meanwhile, 360 ONE PE, the private equity arm managing approximately $2.5 billion, focuses on various industries, including healthcare, technology, financial services, and consumer sectors. Their healthcare investments include entities such as Kauvery Hospitals, Nephroplus, and Infigo Eye.