Pune-based SaaS startup Spry Therapeutics has raised ₹126 Crore in a funding round led by Flourish Ventures, alongside existing investors Together Fund, Fidelity’s Eight Roads Ventures, and F Prime Capital. With this new investment, the company’s total funding has reached ₹210 Crore, positioning it for further expansion into the U.S. market.

Spry, co-founded by former Ola CTO Brijraj Bhuptani, is focused on building software solutions for physical therapy clinics. “The U.S. healthcare sector offers vast opportunities, and Spry is diving deep into the market, transforming how physical therapists manage their practices,” Bhuptani said, emphasizing the potential for growth in an industry worth over ₹400 lakh crore.

The startup has multiplied since its inception, now serving 105 clinics in the U.S. Spry’s platform facilitates clinical management, administrative tasks, and financial services, including processing insurance claims, payments, and billing.

Kabir Kumar, partner at Flourish Ventures, commented, “Spry addresses a real need for small physical therapy businesses to streamline digital insurance claims. By leveraging India’s IT expertise, Spry is uniquely positioned to build innovative solutions for the U.S. market.”

With the new funding, Spry plans to expand its sales and service team in the U.S., targeting the growing demand for rehabilitation and preventive care.