Hearzap acquires Amplifon India, targets 500 centres and Rs 250 crore revenue
What's the deal? HearzapDealroom has a profile for this one. Try Dealroom →, an Indian hearing care provider, has acquired Amplifon IndiaDealroom has a profile for this one. Try Dealroom → — the local arm of the Italian hearing aid giant — in a move that nearly doubles its retail footprint overnight. The deal, backed by investor 360 ONE Asset Management, expands Hearzap's network to 430 points of sale and more than 1,000 service providers across the country.
The combined entity is projected to generate over Rs 230 crore in topline revenue. Hearzap founder S Raja said the company aims to reach 500 centres by 2027 and Rs 250 crore in revenue by year's end, with plans to nearly double that figure by FY29.
Why now? Amplifon India operates roughly 240 hearing care points of sale, a substantial network that would have taken Hearzap years to build organically. Acquiring it in one stroke gives Hearzap immediate national scale and a stronger negotiating position with hearing aid manufacturers.
India's hearing care market remains deeply underpenetrated. The World Health Organisation estimates that over 60 million Indians suffer from significant hearing loss, yet adoption of hearing aids remains low — creating a large, addressable gap for organised players willing to invest in reach and awareness.
What could go wrong? Integration is the obvious risk. Merging two retail healthcare networks — each with its own clinical workflows, supplier relationships, and staff culture — is notoriously complex. Any disruption to patient experience during the transition could erode trust built over years.
Hearzap's aggressive growth targets also assume strong execution. Scaling from 430 to 500 centres while pushing toward a revenue doubling by FY29 will demand sustained capital and talent — both scarce in India's specialist healthcare segment.
The signal: Hearzap's leap from breakout stage to acquiring the Indian arm of a mature, globally established player like Amplifon underscores how quickly consolidation can reshape underpenetrated healthcare verticals in India. With 360 ONE backing the deal and a clear path to 500 centres, the bet is that hearing care will follow the same organised-retail playbook that has already transformed diagnostics and optical care in the country.
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