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Sector Thesis·3 min read·Week 23

Why PT Hardware + Software Wins in India Right Now

Physical therapy in India is fragmented: 200K+ physiotherapists, no standardization, high therapist turnover. Hardware-software bundles create defensibility through proprietary data, therapist lock-in, and 40-60% gross margins. The window closes in 3-4 years.

ByAmit Tyagi·Fitoor Capital
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Amit Tyagi

Founder, AletheiaAI & GP, Fitoor Capital

Veteran of India's startup ecosystem. Writing about fundraising, investor psychology, and what it takes to build fundable startups in India.

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Why PT Hardware + Software Wins in India Right Now · Aletheia Insights