FutureCure Health secures US$4 million in RVCF India Growth Fund-led Series A round

INDIA – Healthtech startup FutureCure Health has raised US$4 million in a Series A funding round led by RVCF India Growth Fund, Unicorn India Ventures, Kotak Investment Advisors Limited, and other investors.

Having scaled up the technology for treating Vertigo and Dizziness patients in over 150 clinics under the brand NeuroEquilibrium, FutureCure said it now aims to help patients with Migraine and other chronic diseases.

The funding will be used to further develop various technologies, FDA approvals, and global expansion, the company said in a statement.

It is also launching a Digital Therapeutics app that will help patients with managing lifestyle changes for chronic diseases.

“FutureCure plans to launch various technologies for migraine patients, including wearable Neuromodulation and Biofeedback device.

In addition, the Digital Therapeutics app will help identify the triggers using AI and help manage lifestyle changes.

“The interactive app will also provide Cognitive Behavioral Therapy (CBT),” said Rajneesh Bhandari, founder of FutureCure Health.

Meanwhile, Home health and fitness products brand JSB Healthcare has raised Rs 2.5 crores (US$328,004) from Velocity.in across two rounds of financing.

“The funding from Velocity further validates the strength of our business, and will go a long way to enable us to scale operations,” said Jagjot Singh, CEO of JSB Healthcare.

JSB Healthcare will use this funding to finance inventory for new products and to ramp up its digital marketing.

Based out of New Delhi, JSB Healthcare is one of India’s leading brands in the health and fitness industry.

JSB Healthcare products include such as massage chairs, sports & fitness equipment, patient care, and wellness products.

Covid-19 served as a significant accelerant for the home-based healthcare and fitness industry. Companies that cater to the segment experienced massive tailwinds.

Likewise, JSB has seen a four-fold jump in revenues in this category since the start of the pandemic. The home fitness equipment category market in India is forecasted to grow at a CAGR of 10.7% till FY25.

While several brands are yet to confront the reality of the changing retail landscape, JSB Healthcare commenced selling on online marketplaces way back in 2003.

Today JSB Healthcare has a massive online presence and drives majority of its revenues via online marketplaces like Amazon, Flipkart, Jiomart, Paytm and Snapdeal.

Velocity.in, a Bengaluru-based fintech, is India’s largest revenue-based financier. Over 3,000 e-commerce businesses have signed up with them since they commenced operations in early 2020.

With over Rs 2,100 crore (US$275.6 million) of fundable revenues connected to Velocity’s platform, the fintech has already processed more than 400 investments across over 300 companies.

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