Bengaluru-based ProPhysio raises Series A funding from NestaVera Group of companies

Start up company ProPhysio has raised an undisclosed amount of funding from NestaVera Group of companies. The company will use this investment to further accelerate its growth and build new products and services. It will also explore technology with AI-driven solutions to treat various health issues and reaching out to a larger consumer demographic in multiple locations across India at the clinic and extended care at home.

Founded in 2016, Bengaluru-based ProPhysio helps patients with their physiotherapy needs, both at home and at company-owned clinics with the latest trends of physiotherapy treatments. A team of dedicated and expert physiotherapist at ProPhysio brings in years of expertise, international expertise and in-depth research in physical therapy and rehabilitation. The company has already tied up with multiple hospitals in Bengaluru where they provide physiotherapy services.

In a short span of time, ProPhysio has already helped over 3,000 patients attain better health and lifestyle with their custom made solutions. The target is to cater to one million patients by 2023.

Speaking about the investment, Manas Mehrotra, Managing Director, NestaVera Group, said, “Healthcare today should be beyond treating the symptoms, what we liked about ProPhysio is that the core team believes in holistic healing backed by robust technology. 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.”

Pramod Ravindra, CoFounder, ProPhysio, said, “Physiotherapy is way beyond fitness or exercise. It is about how one can use activity and technology to stay healthy and be the best versions of themselves. We currently see that most people who come to us are the ones who need medical intervention. We want to take this to a different paradigm where we are health coaches and not just consultants who guide the health journey of an individual, be it a person recovering from an illness or an athlete who needs that edge to perform at their optimal levels or a regular person who wants to lead a healthy life.

“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 centres across the country and develop intelligence health wearables,” added Ravindra.

Physiotherapy is a growing sector in healthcare and is expected to grow at CAGR of 12 per cent during 2015-2020. It has potential way beyond injure recovery and pre-post operation recovery. The category of rehabilitation technology is evolving and there is room for more. Personalising healthcare is another domain and a way forward in this path.