Pune based Jagruti Rehabilitation Centre has raised Rs 28 crore (about $2.9 million) in a Series A funding round led by Alkemi Growth Capital.
The company announced the round on 29 October 2026. It is Jagruti’s first institutional funding round, after years of funding its own expansion from internal accruals.
What the money will fund
Jagruti will use the funds to enter new geographies, expand clinical and staffing capacity, develop specialised care programmes and deepen insurance and corporate partnerships.
Over the next three to four years, it plans to grow from more than 19 centres to over 40 centres, and from over 1,600 beds to 4,000 beds across tier one and tier two cities.
From a 10 bed clinic to a national network
Jagruti was founded in Pune in 2008 by psychiatrist Dr Amar Shinde and Vijaya Shinde. It began as a 10 bed facility and now runs residential care for mental health, addiction and dementia.
Its centres now span nine cities, including Pune, Mumbai, Delhi NCR, Ahmedabad, Bengaluru and Chennai. The team includes more than 40 doctors, and the company says it has treated over 82,000 people.
Dr Shinde trained in psychiatry at BJ Medical College in Pune and worked as a senior psychiatrist at the Regional Mental Hospital in Yerawada. He started Jagruti after concluding that rehabilitation, not episodic treatment alone, was the complete care solution for such patients.
The company’s own site describes psychiatrist led treatment with evidence based therapies, round the clock monitoring and family education through recovery. Its programmes cover depression, bipolar disorder, schizophrenia, dementia, alcohol and drug addiction and neurological conditions.
Why an investor is backing residential care now
Residential mental health care in India remains fragmented, with much of the supply coming from standalone clinics and small independent facilities. That fragmentation is the gap a scaled, standardised network is trying to fill.
Alkemi Growth Capital backs healthcare and wellness businesses, and its founding partner has said its initial cheques typically run between Rs 15 crore and Rs 30 crore. The Jagruti cheque sits at the top of that range, which signals conviction in a model that is hard to scale without losing clinical quality.
Healthcare funding has been active on KeeVurds this month, including CureBay’s Rs 100 crore round to scale rural healthcare.
The test ahead
The test for Jagruti is execution in new cities. Adding more than 20 centres and 2,400 beds in three to four years will demand clinicians, consistent protocols and payer partnerships at the same pace as buildings.
If it holds clinical quality while doubling in size, the round will look like the moment residential mental health care in India got its first scaled, institutionally backed network.
