[Funding alert] JSB Healthcare raises Rs 2.5 crore from financing platform Velocity

JSB Healthcare, a home health and fitness brand has raised Rs 2.5 crore ($328k) from revenue-based financing platform Velocity.

With this fundraise the company plans to use the funds to finance inventory for new products and to ramp up our digital marketing.

“We have always had overwhelmingly positive feedback from our customers with regards to the quality of our products. The funding from Velocity further validates the strength of our business and will go a long way to enable us to scale operations. We will use this funding to finance inventory for new products and to ramp up our digital marketing.” said Jagjot Singh, CEO of JSB Healthcare.

JSB Healthcare started operations 30 years ago with a store in Lajpat Nagar, New Delhi, but today it has an online presence on marketplaces like Amazon, Flipkart, JioMart, Paytm, and Snapdeal.

“We are enthused to partner with JSB Healthcare. Sectoral tailwinds coupled with good margins and impressive average order value are all factors that indicate high growth potential for JSB Healthcare. We look forward to developing a long-standing relationship with them and financing their growth as they scale.” Abhiroop Medhekar, Co-founder & CEO of Velocity, said.

JSB Healthcare has a wide range of products including massage chairs, Back & Neck Massager, Blood Circulation Machines, Pedometers, Foot Detox Machines, Blood Glucose Monitors, Digital Blood Pressure Monitors, Nebulizers, Imported Wheelchairs, Stethoscopes, Digital Thermometers, Orthopedic Supports, and other Body Massagers, sports and fitness equipment, patient care and wellness products.

The company aims to be a one-stop-shop for all your home healthcare needs.