Heat Cure Secures Undisclosed Funding from Angel Investors
Heat Cure, a Japanese nano-technology liquid coating for glasses, has received an undisclosed funding amount from angel investors. These funds will be instrumental in Heat Cure's expansion strategy, aiming to reach a larger consumer base in India. With a strong emphasis on marketing efforts, Heat Cure seeks to establish itself as a leading construction brand in India by engaging in industry exhibitions like the 19th edition of Zak Doors & Windows in Mumbai and the Acetech platform.
The recently acquired funds will be allocated towards enlarging the team, bolstering distribution capabilities with skilled professionals, and expediting Above the Line (ATL) marketing initiatives. Heat Cure aims to make its product available in the top 42 cities across India, intending to partner with approximately 5000 associates. Sanjay Mendiratta, Managing Director of Heat Cure, stressed the significance of this funding, highlighting its crucial role in executing strategic plans for expansive marketing, team growth, and active participation in key industry events. The company targets a fivefold revenue increase in the upcoming financial year, focusing not only on financial achievements but also on ensuring Heat Cure becomes an affordable and widely accessible solution for consumers, thereby making a lasting impact on India's construction sector.
As a financially robust and profit-generating entity, Heat Cure perceives this funding round as an avenue to fortify its market standing, foster growth, and explore avenues for price reduction as sales figures climb. The company envisions a long-term strategy that includes potential establishment of a manufacturing unit in India, which would reduce production costs, further contributing to its expansion, innovation, and dominant market presence in the upcoming year.
The recently acquired funds will be allocated towards enlarging the team, bolstering distribution capabilities with skilled professionals, and expediting Above the Line (ATL) marketing initiatives. Heat Cure aims to make its product available in the top 42 cities across India, intending to partner with approximately 5000 associates. Sanjay Mendiratta, Managing Director of Heat Cure, stressed the significance of this funding, highlighting its crucial role in executing strategic plans for expansive marketing, team growth, and active participation in key industry events. The company targets a fivefold revenue increase in the upcoming financial year, focusing not only on financial achievements but also on ensuring Heat Cure becomes an affordable and widely accessible solution for consumers, thereby making a lasting impact on India's construction sector.
As a financially robust and profit-generating entity, Heat Cure perceives this funding round as an avenue to fortify its market standing, foster growth, and explore avenues for price reduction as sales figures climb. The company envisions a long-term strategy that includes potential establishment of a manufacturing unit in India, which would reduce production costs, further contributing to its expansion, innovation, and dominant market presence in the upcoming year.