Fast-Growing Hearing Aid Retail Chain, Aura Hearing Care, Raises Capital for Expansion now valued at 100 cr
Mumbai (Maharashtra) [India], August 1: Aura Hearing Care Pvt Ltd, a leading hearing aid retail chain in India, has successfully raised funding from three prominent private investors, signalling a significant milestone in its growth trajectory as one of the fastest-growing companies in the sector.
Founded by Naitik Shah, Aura Hearing Care has rapidly gained popularity in the Indian market, thanks to its extensive range of hearing aid products and services tailored to meet clients’ diverse needs. The company’s commitment to delivering top-notch products and exceptional customer service has led to a loyal customer base, contributing significantly to its strong revenue growth.
The investors who have backed Aura’s vision include MohitDubhe, Founder of CarWale and Chalo. JitendraBhandari, Partner at prominent venture capital firm MGB; and VikasKhemani, Former CEO of Edelweiss Securities and founder of asset management firm Carnelian Advisors.
“We are thrilled to welcome these distinguished investors to the Aura family. We are thankful to them for placing their trust in our vision. Their support and strategic guidance will undoubtedly accelerate our growth and further enhance our ability to transform lives through innovative hearing care solutions,” said Naitik Shah, Founder and Managing Director of Aura Hearing Care.
Aura Hearing Care currently operates over 20 clinics across India and has ambitious plans to expand its presence in the coming years, aiming to become a truly pan-India hearing aid retail chain.
“With the strong backing of our existing and new investors, we are well-positioned to continue our expansion plans. The funds raised in the latest funding rounds will be used for opening more clinics in different cities,” Mr. Shah said.
Aura Hearing Care’s extraordinary revenue growth rate, doubling every year, is a key indicator of its rapid expansion and success. The company’s impressive financial performance and high EBITDA margins reflect its operational efficiency and sound financial management, which has attracted the attention of investors looking to be part of the revolution in the hearing aid industry.
Aura Hearing Care remains committed to providing high-quality hearing aids and exceptional customer service to empower the lives of people with hearing impairments. With the latest round of funding and the continued support of its investors, Aura is well-poised to positively impact the lives of more individuals and revolutionize the hearing care industry in India.