ProPhysio has raised funding from the NestaVera Group of Companies, an investment company with interests in multiple sectors. Prophysio, a physiotherapy & rehabilitation startup, aims at using the undisclosed amount of funding to build new products & services and explore the latest technology with AI-driven solutions to treat a variety of health issues and reach out to a broader audience.
The Bengaluru based startup, founded in 2016, helps patients with their physiotherapy needs and caters to them, both at the comfort of their home and at company-owned clinics. According to a release by EH, a team of a dedicated and expert physiotherapist at ProPhysio will bring years of expertise, international expertise and in-depth research in physical therapy and rehabilitation. The company has already gained partnerships with multiple hospitals in Bengaluru, where physiotherapy services are provided.
The company has already assisted over 3,000 patients in a short period. They provide better health and lifestyle to their patients with their custom made solutions. The company’s target is to cater to one million patients by the year 2023.
Talking about healthcare approach in the modern world, Manas Mehrotra, MD, NestaVera Group, said that healthcare should be more than just treating the symptoms. At ProPhysio, their core team believes in wholesome recovery that is supported by powerful technology.
He added, “The ProPhysio brand has created a strong positioning of trust and credibility, and we are excited to support them and play a small part in their journey. We believe there are immense potential health solutions focused on lifestyle; we want our investments to go beyond capital investments and also lead to a positive impact on society.”
Heading towards the Future of Healthcare
According to reports, India’s healthcare industry is one of the fastest-growing sectors, and it is expected to reach $280 billion by 2020. The physiotherapy market alone is expected to grow at CAGR of 12% during the years 2015-2020. It has great potential to grow way beyond injury recovery and pre-post operation recovery. Personalized healthcare is the future of healthcare, and there’s a long way ahead for the industry.
With the aim to provide for the most effective and efficient services in healthcare, Ravindra said, “We aim to provide the most effective and efficient healthcare services at affordable prices so that everyone can access the best quality in healthcare. We have a transformational health and wellness plan, and we will use the capital investment to expand with flagship centers across the country and develop intelligence health wearables.”