Amount Raised
₹500 Million
Round Type
Funding Round
BengaluruBiotechnologyHealth CareMedicalDescription
Healthcare services platform Sukino Healthcare Solutions has secured an equity investment of Rs 50 crore from Stakeboat Capital. Founded in 2015, the Bengaluru-based startup offers services that cater to the long-term healthcare needs of patients with chronic ailments, including complications from neurological impairments, cardiac diseases, cancer, respiratory distress, kidney diseases and post-operative clinical care.The company offers these services at its care centres and patients' home.Sukino plans to use fresh funds for expansion to newer geographies and areas of rehabilitation, the startup said in a press release. In the past, the startup has raised angel rounds from marquee investors with family offices of Kris Gopalakrishnan and Mohandas Pai as lead investors.Rajinish Menon, CEO, Sukino Healthcare, said, "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 Stakeboat MD Chandrasekar Kandasamy coming on board, we are confident that we will be able to rapidly expand both our geographic reach and the scope of our offerings."The firm said it has serviced over 10,000 patients and currently manages 5 centres, which would be expanded to 20 centres with a capacity of 1,500 beds over the next 3 years."We are delighted to partner with Sukino Healthcare Limited as their investors. The Indian rehabilitation industry is expected to witness significant growth in the coming years, with the market estimated to double from $17 billion to $35 billion in the next five years, driven by the emergence of new technologies and increasing insurance coverage,” said Kandasamy.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 Stories"Our investment in Sukino will help the company capture a share of this rapidly growing market
Quick answer
Sukino raised ₹500 Million in a Funding Round round, dated March 22, 2023. Sukino is based in Bengaluru, Karnataka, India.
- How much did Sukino raise?
- Sukino raised ₹500 Million in a Funding Round round on March 22, 2023.
- What does Sukino do?
- Sukino Healthcare Solutions is a comprehensive healthcare partner focused on supporting patients and families in managing chronic illnesses.
- Where is Sukino based and how big is it?
- Sukino is based in Bengaluru, Karnataka, India.
- Who are the decision-makers at Sukino?
- Fundz holds 2 contacts at Sukino. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Medical and Biotechnology around the same time
Companies in the same sectors as Sukino that raised within 45 days of this round, from Fundz verified event records.
- Optimize Systems raised $6M on May 4, 2023.
- MiCare Path raised $1.2M (Seed) on May 4, 2023.
- Healthy.io raised $50M (Series D) on May 3, 2023.
- Magenta Medical raised $55M (Funding Round) on May 3, 2023.
- Flyte raised $2.6M (Seed) on May 2, 2023.
- Lucem Health raised $5.2M on April 28, 2023.
Who to call at Sukino, and when
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- An alert the day Sukino raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Sukino, from your own LinkedIn network
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