**Sukino Secures ₹50 Crore Series A Funding for Expansion in South India**
Sukino, a company specializing in out-of-hospital recovery centres, has successfully raised ₹50 crore in a Series A funding round led by Stakeboat Capital in 2024. This funding follows earlier angel investments from the family offices of Infosys co-founder Kris Gopalakrishnan and Aarin Capital chairman Mohandas Pai. Operating in Bengaluru, Kochi, and Coimbatore, Sukino has achieved profitability at the group level, as stated by its founder and CEO, Rajinish Menon, in a recent interview.
Currently, Sukino manages approximately 850 beds across 11 centres in South India. With the new capital, the company plans to initiate its first phase of expansion, targeting metropolitan areas in South India before progressing to tier I cities. Menon highlighted that the initial investments will focus on enhancing their presence in major cities like Hyderabad and Chennai, followed by expansion into other tier I markets such as Calicut, Trivandrum, Mysuru, Hubli-Dharwad, Belgaum, Vizag, and Trichy. Over the next two years, Sukino aims to establish 22 additional centres, primarily following an asset-light model where landlords finance the build-out while Sukino secures long-term leases.
Menon emphasized that Sukino is not merely a home care provider but rather a transition-care setup that operates post-acute treatment, offering lower costs compared to traditional hospital stays. He explained, “Acute care is still done by the hospitals, but we are beyond acute care. The idea is to expand into more clinical matters that we can manage, providing a comprehensive range of post-hospitalization care services.”
Sukino’s recent funding round is significant for India’s emerging continuum care market, as large hospitals shift towards higher bed turnover, leading to the rise of specialized recovery care centres. With daily patient costs ranging from ₹7,000 to ₹8,000, investors foresee a potential revenue of ₹1,000 crore with a capacity of 5,000 beds. The company’s strategy of utilizing landlord-funded build-outs allows for rapid scaling across South Indian metros and tier I cities. Future growth for profitable entities like Sukino is anticipated to rely more on bank leverage rather than solely on equity.
As the market for post-hospital and senior care continues to evolve, more investors are exploring opportunities in adjacent sectors, including home care and recovery services. Notably, in January 2025, private equity firm InvAscent invested ₹110 crore in Geri Care Health Services, marking its first institutional fundraising. Additionally, in 2024, Kites Senior Care, a provider of out-of-hospital geriatric care, raised ₹45 crore in a Series A round led by Ranjan Pai’s family office.
**FAQ**
**What is Sukino’s business model?**
Sukino operates out-of-hospital recovery centres that provide transition care after acute treatment, focusing on lower costs compared to traditional hospital stays while expanding into various clinical services.
