Noida : Healthcare Pain management startup Heatronics has raised INR 1.8 crore in a seed round led by Inflection Point Ventures. The round saw participation from angel investors Nitin Agarwal (Ex-GlobalBees) and Shivam Mishra (String Ventures). The funds will be utilised to strengthen the company’s marketing and branding initiatives, upgrade its facilities, and expand its channel network.
Heatronics, a preventive pain-management and wellness brand, manufactures medical-grade heat-therapy and recovery devices backed by a fully Indian, vertically integrated supply chain. Its wired heating range, hCore, comprises ergonomically designed devices for targeted pain relief. The hCore range, comprising 10 SKUs, was developed based on insights from more than 500 direct customer conversations. Every hCore product uses an NTC sensor that reads the surface temperature and adjusts it in real time, so the consumer gets steady, even warmth instead of the hot and cold patches one finds in regular pads. Each device comes with automatic shut-off, it switches off on its own after a set time, so the patient can even fall asleep with it on without worrying.
These products are available through an omnichannel presence across Amazon, Shopify D2C, Blinkit, and general trade. Operating from a 12,000 sq. ft. owned manufacturing facility in Noida with a team of over 40 employees, the company is among the few CDSCO-licensed and ISO 13485-certified Indian players in its category. It manufactures at costs lower than China in a market otherwise dominated by expensive imports and unbranded local heating products.
Vinay Bansal, CEO & Founder, Inflection Point Ventures, says, “what stood out to us was the founders’ deep understanding of consumer needs and their ability to translate those insights into high-quality, clinically compliant products. Combined with a capital-efficient manufacturing model and strong execution, Heatronics is building category-defining products with ranges like hCore. We are delighted to support the company as it enters its next phase of growth.”
The company is led by Hargun Singh Chawla, Founder & CEO, a Computer Science Engineer from Delhi Technological University (DCE). Hargun previously worked at Amazon and Adobe, across healthcare, payments, and returns functions in both India and Canada.
Commenting on the investment, Hargun Singh Chawla, Founder & CEO, Heatronics, says, “Wellness is one of India’s biggest unsolved problems, and it can’t be fixed with imported products built for other bodies and other markets. At Heatronics, we’re building medical-grade recovery devices in India, for India, proprietary, certified, and made here. IPV backed that India-first conviction, and this round lets us take it to scale.”
India’s pain-relief and recovery market presents a significant whitespace. India already spends heavily on pain relief, the OTC painkiller market crossed roughly $2.25 billion in 2024 and continues to grow at about 9% annually, while spending on pain-management devices is projected to reach $336 million by 2030. Yet much of this spend goes toward temporary relief rather than genuine recovery: nearly 60% of Indians self-medicate, with analgesics remaining the default choice, while structured, drug-free recovery solutions remain a largely unbranded category in the country. The opportunity is set to widen further with India’s demographic shift, the country’s elderly population is expected to more than double by 2050, growing from about 153 million today to 347 million, meaning 1 in 5 Indians will be a senior citizen within the next 25 years.
Globally, the heat therapy market is projected to grow from $1.42 billion (2021) to $2.43 billion by 2031, while the broader hot-and-cold therapy category is expected to expand from $1.7 billion (2026) to $3.6 billion by 2036 (7.8% CAGR), and sports-recovery technology from $3.1 billion (2025) to $10.5 billion by 2033 (9.5% CAGR), all within a global wellness economy valued at a record $6.8 trillion in 2024 and forecast to approach $9.8 trillion by 2029, with India among its fastest-growing major markets (~11.3% annually).