Hearzap inaugurates 100th store, targets 250 stores by 2026 and two-fold growth in next 3 years

The brand plans to establish 250 stores nationwide by FY26 and 500 in the future, and anticipates two-fold growth in the next three years and aims to make hearing healthcare accessible to all.

Hearing care solutions provider Hearzap inaugurated its 100th store at Jubilee Hills in Hyderabad and announced its target to set up 250 stores across India by FY 26 and 500 stores in the future. Anticipating two-fold growth in the next three years the company said that it aims to make hearing healthcare accessible to all.

Talking about the development, Raja S., audiologist and Managing Director at Hearzap, said, "Attaining the milestone of 100 stores is a testament to our unwavering dedication and commitment to revolutionizing hearing care in India. Our mission at Hearzap is to equip individuals with the knowledge and confidence to take charge of their hearing health and our half-a-century long legacy is a testament to this. Our hearing experience stores are designed to give a holistic and interactive approach to our customers."

The brand said that with a background of 47 years, its 'hearing experience stores' offer a holistic ambience, empowering individuals on their journey to improved hearing health. Each store provides comprehensive services, from assessments to next-gen hearing aids, to personalized consultations with audiologists. The brand also offers a digital suite for remote diagnosis and virtual shopping. 

The company has a team of over 150 audiologists in 100 stores in eight states — including the five states of southern India, and Chhattisgarh, Maharashtra and West Bengal. 

Hearing Solutions Pvt. Ltd., which operates Hearzap, raised around Rs 50 crores in a funding round from 360 One Asset Management Ltd.’s healthcare and lifesciences-focused private equity fund in November last year. The funds are being used for the expansion of its operations nationwide over the next three years. 

Future plans of the brand include reaching a milestone of opening 250 stores by 2026, onboarding over 500 audiologists, etc. According to the Fortune Business Insights report, "Global Hearing Aids Market, 2023-2030, the global hearing aids market size is projected to be valued at USD 21.09 billion by 2030, recording a CAGR of 8.4 per cent during the forecast period. 

The 100th flagship store of Hearzap was unveiled by S.K. Sharma, former CEO of Siemens Hearing Instruments Inc., alongside Hearzap's founder and Managing Director Raja S.