Nivaan Care, a chain specialising in interventional pain management, has raised $7 million in a Series A funding round led by Sorin Investments.
Existing investors, including W Health Ventures, Endiya Partners, and Rebright Partners, also joined this round.
The startup plans to use the funding to open more clinics across India, upgrade its medical and operational facilities, and improve its minimally invasive treatments for pain management.
“Interventional pain management is a very young specialty in India. It currently does not exist at scale, similar to where IVF was 20-25 years ago. While the US has close to 4,000-5,000 interventional pain management clinics, India has fewer than 200. That is the gap we intend to bridge,” cofounder and chief executive Nivesh Khandelwal said.
“In India, if 100 surgeries are prescribed, only 20 are actually performed. Around 80% of patients choose not to undergo surgery because it can be a frightening experience, involves a lot of uncertainty, and people are generally fearful of surgical procedures,” he said.
“Our business model is set and product market fit is established. We are now focused on scaling the business. The plan is to expand from the current 15 clinics to around 60-75 clinics over the next four to five years,” he added.
Mandar Dandekar, partner at Sorin Investments, said, “Pain management is a large, under-served specialty that is structurally difficult to scale within traditional hospital setups. With a significant addressable patient base and limited organised players in this space, we believe Nivaan is well-positioned to build India’s leading integrated pain management platform.”
Nivaan Care, based in New Delhi, was founded in 2023. It runs clinics that focus on treating chronic pain in areas like the back, knees, and neck. The clinics use a team-based approach, with pain doctors, physiotherapists, and care coordinators working together.
The chain currently serves patients in Delhi-NCR, Mumbai, and nearby cities such as Jaipur and Lucknow.
So far, Nivaan Care has completed over 40,000 patient consultations and performed around 5,000 minimally invasive procedures.
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