Healthcare startup Sukino raises $31 million in fresh funding

MUMBAI: Sukino, an out of hospital healthcare chain has raised $31 million in fresh funding led by Bessemer Venture Partners. The investment was also backed by Rainmatter. The company will use the funds to expand its footprint.

Founded in 2016 by Rajinish and Shalini Menon, Sukino today operates more than 850 beds across eleven centers in Bangalore, Kochi, and Coimbatore and claims to be profitable at the group level. The startup plans to expand to 22 more centers in the next 2 years.

India accounts for about 10% of the global stroke cases annually, a number which is rising steadily due to structural health and lifestyle factors such as obesity, hypertension, stress, and air pollution. Each patient typically requires 6 to 8 weeks of multi-modal rehabilitative care post-procedure, including physical, speech, occupational, and psychological therapy. This is where Sukino comes in. It bridges the gap between the extended care that is critical for the recovery of patients and the growing willingness of Indians to access this assistance.

“Our belief in Sukino is rooted in our conviction that high quality healthcare, especially in the single speciality space,will lead to better clinical care and outcomes for Indian consumers,” said Vishal Gupta, Partner at Bessemer Venture Partners.