The funds will be used in scaling operations in Bengaluru and expanding to Hyderabad and Chennai
KITES Senior Care, Geriatric care service provider has announced the closure of Pre Series A funding of USD 2 million from Dr Ranjan Pai’s family office.
KITES will use the funds to scale operations in Bengaluru, expand to Hyderabad and Chennai, and in developing a technology platform providing for health monitoring & active ageing of seniors.
KITES, the brand of Lifebridge Senior Care operates and manages two care facilities with 70 beds in Bengaluru, which are running at their capacity and manage care for many elders at home.
Rajagopal G, Co-Founder & CEO, KITES Senior Care said, “The investment from Dr Pai’s family office is a significant endorsement of our journey. We are excited to leverage the deep insight and experience of Dr. Pai and his team to create a formidable enterprise in this still nascent and emerging healthcare space intertwined with technology backbone. This recognition by Dr Pai of the importance of this space, will provide the necessary impetus to the ‘out of hospital’ geriatric care industry, which is pegged at about US$20 Bn, to get the attention that it deserves and encourage other investments.”
“Our care facilities and care programs are tailored to meet the specific ‘Out of hospital’ needs of elders. Our proprietary six-star assessment process combined with well-defined care processes and measurable outcomes helps in delivering superior care and great experience to families,” said Dr Reema N, Co-founder and COO, KITES.