**Sukino Healthcare Seeks ₹200-250 Crore in New Funding Round**
Sukino Healthcare is currently in discussions to secure approximately ₹200-250 crore from various venture capital firms, including Bessemer Venture Partners and Jungle Ventures, as reported by sources familiar with the situation. The company has engaged Veda Corporate Advisors to assist with the fundraising process, which is presently undergoing due diligence. According to insiders, Sukino has demonstrated significant growth over the past two years while effectively managing costs, and the venture capital firms have already issued term sheets.
This funding initiative comes more than two years after the Bengaluru-based healthcare startup raised ₹50 crore in its Series A funding round from Stakeboat Capital in 2023. The previous funding was aimed at expanding into new markets and enhancing technology-driven rehabilitation services.
Founded in 2015 by Shalini Menon and Rajinish Menon, Sukino Healthcare specializes in home wound care, IV therapy, and respiratory rehabilitation services. The company operates in Bengaluru, Kochi, and Coimbatore, offering a range of services including continuum care, neuro rehabilitation, cancer and stroke recovery, hydrotherapy, and joint replacement therapies. Notable investors include high-net-worth individuals such as Kris Gopalakrishnan, Mohandas Pai, and Bhaskar Pramanik.
In the fiscal year 2024, Sukino reported revenues of ₹46 crore, an increase from ₹38.8 crore in FY23, while reducing its losses to ₹9.5 crore from ₹15.6 crore the previous year, according to Tracxn data. Competitors in the market include Athulya Senior Care, Geri Care, and Medwell Ventures.
The Indian physical rehabilitation market was valued at approximately $17.1 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 15.5% over the next five years, potentially reaching $35 billion by FY28, as per a report by Redseer. This growth is anticipated to be fueled by increased adoption of rehabilitation services, despite low awareness and limited availability of providers.
A significant gap in geriatric care has also been identified, with over 40% of the elderly population requiring rehabilitation services such as caregiving or assisted living, yet only about 6% currently accessing these services.
**FAQ**
**What services does Sukino Healthcare provide?**
Sukino Healthcare offers a variety of services including home wound care, IV therapy, respiratory rehabilitation, and various forms of rehabilitation for conditions such as neuro issues, cancer, and stroke recovery.
