Heat Cure Secures Undisclosed Funding from Angel Investors
- ByStartupStory | November 30, 2023
Japanese nano-technology-based transparent liquid coating for glasses, Heat Cure, has secured an undisclosed amount in funding from angel investors. The funds will play a pivotal role in Heat Cure’s expansion plans, making its product accessible to a wider audience in India.
With a strategic focus on marketing initiatives, Heat Cure aims to position itself among the top construction brands in India through participation in industry exhibitions such as the 19th edition of Zak Doors & Windows in Mumbai and the Acetech platform.
The newly acquired funds will be directed towards team expansion, enhancing distribution capabilities with experienced professionals, and accelerating Above the Line (ATL) marketing campaigns. Heat Cure is set to be available in the top 42 cities across India, targeting onboarding around 5000 partners.
Sanjay Mendiratta, Managing Director of Heat Cure, expressed the significance of this funding, emphasizing its role in executing strategic plans for expansive marketing, team expansion, and participation in key industry events. The company aims for a 5X revenue increase in the next financial year, focusing not just on financial success but also on making Heat Cure an affordable and widely available solution for customers, creating a lasting impact on the construction industry in India.
As a cash-positive and profit-generating company, Heat Cure views this funding round as a means to strengthen its market position, drive growth, and explore avenues for price reduction as sales numbers improve. The company envisions a long-term vision that includes the potential establishment of a manufacturing unit in India, reducing production costs and further contributing to its journey of expansion, innovation, and market dominance in the upcoming year.
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