Asthetic dermatological care provider Assure Clinics raises Rs 15 crore in seed round

Assure Clinics, a healthcare startup revolutionizing the dermatological and hair restoration landscape, has raised Rs 15 crore (or around $1.77 million) in a seed funding round.

The round was led by India’s leading integrated incubator Venture Catalysts, Sathish Subbiah, Founding Partner of Fiducia Capital LTD, DIFC, Dubai, and Indresh Shah of Honor's Group UAE

What does Assure Clinics do?

Founded by Dr. Abhishek Pramod Pilani and Dr. Priyanka Pilani, Assure Clinics has established itself as a frontrunner in providing innovative dermatological and hair restoration services through its network of 15 centers across India and Dubai.

The startup offers a comprehensive range of services, including advanced hair transplantation techniques, skin treatments, and specialized hair and skincare products, serving a growing patient base with a team of over 250 employees.

Its comprehensive service offerings include advanced hair transplantation techniques such as Follicular Unit Extraction (FUE) and Direct Hair Implantation (DHI), alongside innovative treatments like Platelet-Rich Plasma (PRP) therapy and mesotherapy.

Purpose of fundraising

Assure Clinics will use the raised capital to further expand its presence in key markets, enhance its innovative service offerings, and strengthen its position as a leader in the dermatological and hair restoration industry.

The startup plans to focus on technological advancement and geographical expansion while maintaining its commitment to personalized patient care.

Leadership comments

Dr. Abhishek Pilani, Founder of Assure Clinics, said, “At Assure Clinics, we view this fundraising journey as a vital step toward amplifying our mission to transform lives through exceptional hair and skin care. With the support of our investors, we are poised to enhance our innovative services, expand our reach, and invest in cutting-edge technologies that will redefine patient care."

"Together, we are committed to fostering an environment of trust, excellence, and compassion, ensuring that every individual receives the confidence-boosting treatments they deserve. We are grateful to our investors for believing in our vision and joining us in this exciting venture," Pilani added.

Hair transplant market growth potential

The hair transplant market in India, estimated at $180 million in 2022, is projected to reach $560 million by 2032, growing at a CAGR of 12%.

The global haircare market is expected to reach $211.1 billion by 2032, with a CAGR of 10.4%, while the skincare market is anticipated to grow at a CAGR of 6.68% during the same period. 

Moreover, India's medical tourism industry is expected to reach $35 billion by 2027, driven by cost-effective treatments and state-of-the-art facilities.