Sukino Healthcare Solutions raises Rs 50 Cr in Series A round

Sukino Healthcare Solutions, a provider for long-term health care management in India, has raised Rs 50 crore in its Series A round from Stakeboat Capital. 

Sukino had raised angel rounds from marquee investors with the family offices of Kris Gopalakrishnan and Mohandas Pai as lead investors.

The Bengaluru-based company plans to use the funds to expand its footprint to other geographies and towards the areas of rehabilitation using technology and business processes.

Founded by Rajinish Menon in 2015, Sukino Healthcare Solutions provides a full spectrum of services, ranging from preventative care and critical intervention to rehabilitative treatment and sensitive palliative care for terminally ill patients. This care is provided either at its continuum of care facilities or at the homes of patients.

Its services are focused on patients with chronic ailments, including complications from neurological impairments, cardiac diseases, cancer, respiratory distress, kidney diseases, and post-operative clinical care. 

To date, Sukiono claims to have served more than 10,000 patients and is present across five locations in Bengaluru and Kochi, the company said in a statement. At the moment, it manages 5 centres and will expand to 20 centres with a capacity of 1500 beds in the next three years, it said. 

Stakeboat Capital is an independent growth equity firm, focussed on investing in small and medium enterprises (SMEs) in India in the form of growth equity or control transactions. With Assets under Management of more than Rs 1,500 crore, the firm's successful exits include MarketXpander Services (Leadsquared), Leixir Resources and Sankalp Semiconductors.