Healthcare startup Sukino raises Rs 50 crore funding from Stakeboat Capital

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.

"Our investment in Sukino will help the company capture a share of this rapidly growing market. It also reaffirms our commitment to recognizing and supporting small and medium entrepreneurs," he added.