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Hearing Aid Tech Start-Up earKart Raises Undisclosed Pre-Series A Funding Led by Agility Ventures, Blume Ventures

With this funding, earKart has raised a total of Rs 7.6 crore so far

Hearing Aid Tech Start-Up earKart Raises Undisclosed Pre-Series A Funding Led by Agility Ventures, Blume Ventures
Rohit Mishra, founder of earKart

Outlook Start-Up Desk

POSTED ON May 12, 2023 6:05 PM

Healthcare technology company earKart, which 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, like Blume Ventures. With this funding, earKart has raised a total of Rs 7.6 crore so far. The start-up also counts Ashneer Grover as its first lead angel investor. 

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 per cent do not have access to audiological services, making it difficult for them to get the necessary help they need.

On raising a fresh round, Rohit Misra, Founder of earKart said, "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."

On the recent investment in earKart,  Dhianu Das, co-founder of Agility Ventures said, “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.”
 

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