In its Series A round, Stakeboat Capital contributed Rs 50 crore to Sukino Healthcare Solutions, an Indian supplier of long-term healthcare management.
Leading investors in the Sukino angel rounds were the family offices of Kris Gopalakrishnan and Mohandas Pai.
Using technology and business procedures, the Bengaluru-based company intends to use the cash to increase its impact across more regions and in the area of rehabilitation.
Sukino Healthcare Solutions, founded in 2015 by Rajinish Menon, offers a wide range of services, including rehabilitation therapy and compassionate palliative care for patients who are terminally ill. The patient’s home or one of the facilities in its continuum of care is where this care is given.
Its services are geared toward patients with chronic illnesses, such as post-operative clinical care, problems from neurological impairments, heart disorders, cancer, respiratory distress, and renal diseases.
Sukiono says it has serviced more than 10,000 patients so far and has five sites in Bengaluru and Kochi, according to a statement from the business. It now oversees 5 centers but plans to grow to 20 centers with a total of 1500 beds within the next three years, according to the statement.
Stakeboat Capital is an independent growth equity firm that specializes in making growth equity or controls investments in India’s SMEs. The firm’s successful exits include MarketXpander Services (Leadsquared), Leixir Resources, and Sankalp Semiconductors, with Assets Under Management of more than Rs 1,500 crore.
