Hearing Aid Tech Startup earKart Raises Undisclosed Pre-Series A Funding The Noida-based startup aims to provide access to the latest technology hearing aids at an economical price
By Teena Jose •
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earKart, a healthcare technology company that focuses on providing smart diagnosis and remote management of hearing aids, has raised an undisclosed amount of pre-Series A funding led by Agility Ventures. The round also saw participation from other investors, including Blume Ventures. With this funding, earKart has raised a total of INR 7.6 crore so far. The startup also counts Ashneer Grover as its first lead angel investor.
"We are excited to have Agility Ventures and other investors on board with us. Their support will help us expand our reach and make our services available to more patients who need them. We aim to use the funding to build our technology infrastructure and expand our team to serve our growing customer base," said Rohit Misra, founder, earKart.
The Noida-based startup aims to provide access to the latest technology hearing aids at an economical price. The company's smart diagnosis and remote management of hearing aids ensure that patients have access to the latest technology and services from the comfort of their homes. This approach has the potential to revolutionize the audiology industry in India. earKart is a first-of-its-kind online platform that allows all hearing aid dispensers and patients to have access to all varieties of products from global manufacturers with guaranteed transparency, fairness on price, and quality, according to an official statement by the company.
"earKart has already established a profitable business in the rapidly growing audiology industry. The audiology market has been experiencing consistent growth of 7-8% per year, and with earKart's innovative model, we believe that we can bring an additional growth of 5- 7% within just three years," said Dhianu Das, co-founder, Agility Ventures.
Founded in 2021 by Rohit Misra and Priyadarshi Jha, earKart aims to cater to the patient population suffering from hearing loss, which is estimated to be around 98.5 million people in India, of which over 60% do not have access to audiological services, making it difficult for them to get the necessary help they need.
