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Noida based startup Heatronics has closed a Rs 1.8 crore seed funding round, with Inflection Point Ventures (IPV) leading the investment. The round also drew participation from angel investors Nitin Agarwal, a former GlobalBees executive, and Shivam Mishra of String Ventures. This development marks a significant step for the company as it looks to strengthen its position within India’s expanding preventive healthcare and at home wellness market.
Company Background and Product Portfolio
Established in 2022 by Hargun Singh Chawla, Heatronics specializes in medical grade heat therapy and recovery devices marketed under its hCore brand. The company currently offers ten distinct products aimed at supporting pain relief, muscle recovery, and general wellness. Notably, these devices were shaped by direct input from more than 500 customers, incorporating features such as precise temperature regulation and automatic shut off mechanisms to ensure user safety.
Heatronics has built a reputation for regulatory diligence, holding ISO 13485, CDSCO Class B, and BIS certifications. Its manufacturing process is fully domestic and vertically integrated, aligning with India’s broader push toward self reliant production in the medical device space.
Scaling Operations and Market Reach
The company runs a 12,000 square foot manufacturing facility in Noida and currently employs over 40 people. Its products reach consumers through a mix of channels, including e-commerce platforms such as Amazon and Blinkit, its own direct to consumer website, and traditional offline retail outlets. This omnichannel approach has supported strong business momentum, with Heatronics reporting year-on-year growth exceeding 100 percent and monthly revenue nearly quadrupling as the company heads into its peak demand season.
How the Funds Will Be Used
According to the company, the newly raised capital will be directed toward three core priorities: intensifying marketing and branding efforts, upgrading manufacturing infrastructure, and broadening its distribution network. These investments are expected to help Heatronics reach a wider consumer base while reinforcing its manufacturing capacity to meet rising demand.
Looking Ahead
With fresh funding in hand and a growing appetite among Indian consumers for preventive and at-home healthcare solutions, Heatronics appears well positioned to deepen its market presence. As the wellness-tech space continues to mature, the company’s emphasis on safety certifications, domestic manufacturing, and customer-driven product design may serve as key differentiators in an increasingly competitive landscape.
