Sukino Healthcare Solutions, a long-term healthcare management provider in India, has raised Rs 50 crore in its Series A funding round from Stakeboat Capital. The Bengaluru-based company plans to use the funds to expand its reach to other locations and invest in rehabilitation using technology and business processes.
Sukino Healthcare Solutions provides a comprehensive range of services, including preventative care, critical intervention, rehabilitative treatment, and sensitive palliative care for terminally ill patients. Patients can receive care either at Sukino’s continuum of care facilities or at their homes.
The company primarily focuses on patients with chronic ailments such as neurological impairments, cardiac diseases, cancer, respiratory distress, kidney diseases, and post-operative clinical care.
Founded by Rajinish Menon in 2015, Sukino has served over 10,000 patients to date and is currently present in five locations in Bengaluru and Kochi. The company currently manages five centers and aims to expand to 20 centers with a capacity of 1500 beds in the next three years.
Stakeboat Capital, an independent growth equity firm that invests in small and medium enterprises (SMEs) in India, provided the funding for Sukino’s Series A round. The firm’s assets under management exceed Rs 1,500 crore, and it focuses on growth equity or control transactions.
Sukino had previously raised funds from marquee investors during angel rounds, with the family offices of Kris Gopalakrishnan and Mohandas Pai serving as lead investors. The recent funding will allow Sukino to increase its footprint, and expand its services to other locations and invest in rehabilitation through technology and business processes.
In conclusion, the funding round from Stakeboat Capital will enable Sukino Healthcare Solutions to expand its reach and provide its full range of services to more patients across India. The company’s focus on chronic ailments and comprehensive range of services makes it a valuable addition to India’s healthcare industry.