Sukino plans to deploy these fresh funds into expansion to newer geographies and newer areas of rehabilitation using technology
Sukino Healthcare Solutions, comprehensive continuum of care provider for long-term healthcare management in India, has secured a Series-A private equity investment of Rs 50 crores from Stakeboat Capital. It was founded in 2015.
Sukino plans to deploy these fresh funds into expansion to newer geographies and newer areas of rehabilitation using technology and the best of business processes that it has mastered over the years. It currently manages 5 centres and this would be expanded to 20 centres with a capacity of 1500 beds over the next 3 years. Sukino in the past has raised angel rounds from marquee investors with the family offices of Kris Gopalakrishnan and Mohandas Pai as lead investors.
Veda Corporate Advisors (“Veda”) was the exclusive financial advisor to Sukino Healthcare
Rajinish Menon, CEO Sukino Healthcare, said, “We are grateful to Stakeboat and, in particular, to Chandrasekar Kandasamy, MD of Stakeboat, for providing us with this funding opportunity. Their entrepreneur-friendly approach and growth-oriented ideas perfectly align with our vision for Sukino. We were fortunate to have worked closely with our existing lead investors, Kris Gopalakrishnan and Mohandas Pai, to build Sukino to what it is today, and with Chandrasekar coming on board, we are confident that we will be able to rapidly expand both our geographic reach and the scope of our offerings.”