Online physiotherapy & pain relief company YourPhysio has raised a $350K pre-seed round of funding led by Better Capital. The round also saw participation from Snapdeal founders Kunal Bahl & Rohit Bansal’s Titan Capital and BITS Pilani angel investors Sarath Sura, Venu Palaparthi & VP Rajesh. With the vision to bring pain relief to millions of people, digital physiotherapy was started in March 2020 by BITS Pilani alum Ashutosh Mundhada and Dr. Sheetal Mundhada who brings over 30years of experience in physiotherapy. The company saw instant uptake of its online physiotherapy service as it spread to over 100 cities in a matter of months.
In a statement the company says it plans to use this round of funding to bolster its engineering and customer experience teams with stellar talent as it brings an on-demand live one-on-one treatment delivered by certified physiotherapists via video.
In India alone, over 220 million people suffer from musculoskeletal conditions that affect joints, bones, muscles and ligaments – conditions that can be treated successfully via online physiotherapy sessions. The India opportunity is pegged at $5B and growing. There is also a global opportunity as YourPhysio has already delivered online physiotherapy for users in multiple countries.
“Back & joint pain is a large and growing problem around the world. With YourPhysio, we are solving for access to high quality physiotherapy care. Our online service is as effective as offline care as it is based on first principles. Also it is really easy to adhere – with zero travel & wait time, patients can conveniently fit online treatment in their daily schedule,” said Ashutosh Mundhada, co-founder & CEO at YourPhysio in a statement.
YourPhysio is also creating an opportunity for physiotherapists who can enroll with YourPhysio and offer online physical therapy sessions and create a consistent revenue stream for themselves.
“Everyone who uses Volini or Pain Killers is a customer for us. These are temporary solutions for over 200 back & joint pain conditions which affect millions of people. With YourPhysio our goal is to make getting rid of pain as simple as streaming a netflix movie. We are excited to partner with YourPhysio at the founding stage to build a service that will positively impact millions of people around the world”, said Vaibhav Domkundwar of Better Capital, a early stage venture firm with investments in companies like Open, Khatabook, Airmeet, Teachmint and others.