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Funding · Healthcare & Life Sciences

Sukino raises $31 million in Series B led by Bessemer Venture Partners

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Date
Company
Sukino
What it does
out-of-hospital recovery centres
Kind
Funding
Amount
$31M
Stage
Series B
Founded
2016
Sector
Healthcare & Life Sciences

What they do

Sukino operates out-of-hospital recovery centres in Bengaluru, Kochi, and Coimbatore, with 850 beds across 11 centres

What happened

The $31 million Series B round will fund expansion to South Indian metros and tier I cities, with plans to add 22 centres over two years

Why it matters

Sukino is profitable and focuses on post-acute care for stroke, neurological, orthopaedic, and oncology patients

The details

  • Sukino, a healthcare startup, raised $31 million in a Series B funding round led by Bessemer Venture Partners, with participation from Zerodha-backed Rainmatter.
  • The company operates out-of-hospital recovery centres in Bengaluru, Kochi, and Coimbatore, with 850 beds across 11 centres.
  • Sukino focuses on post-acute and rehabilitative care for patients with chronic ailments, including stroke, neurological, orthopaedic, and oncology conditions.
  • The company plans to expand to South Indian metros and tier I cities, with a target of adding 22 centres over the next two years.
  • Sukino is profitable at the group level and has grown at 64% year-over-year over the last 12 months.

The bigger picture

  • The funding reflects growing investor interest in offline, protocol-driven healthcare models that address gaps in care delivery after hospital discharge.
  • Sukino benefits from predictable centre-level economics, a long operating track record, and a focus on clinical protocols.
  • The company's expansion strategy includes leveraging landlord-funded build-outs to scale rapidly across South Indian cities.

About the business

  • Sukino operates out-of-hospital recovery centres that provide structured, affordable post-acute support for patients recovering from serious illnesses.
  • The company's services include physical, speech, occupational, and psychological therapy for patients requiring long-term care.
  • Sukino's centres are located between major hospitals and residential hubs, targeting patients who need continued care after hospital discharge.
  • The company has treated over 35,000 patients across its centres and home-care services, with new centres breaking even in less than a year of operations.
  • Sukino employs over 1,350 people across its network and has nearly tripled in scale since its previous funding round in 2023.

What happens next

  • Sukino plans to expand to South Indian metros and tier I cities, with a target of adding 22 centres over the next two years.
  • The company will add more therapy offerings and integrate artificial intelligence (AI) into its services.
  • Sukino aims to build an institution where patients and their families can count on structured, compassionate recovery support.

The deal

Type
funding

Investors

  • Bessemer Venture Partners (lead) — A venture capital firm that focuses on building a portfolio of 'single speciality' healthcare companies.
  • Rainmatter (participated) — A venture capital firm backed by Zerodha, which focuses on healthcare and technology investments.

Founders

  • Rajinish Menon, Founder and CEO
  • Shalini Menon, Co-founder

About Sukino

Product
based healthcare startup
Customers
Patients recovering from strokes, neurological disorders, oncology therapies, and major surgical procedures
How it makes money
Fee-for-service inpatient care, rehabilitation therapy packages, and post-acute continuum treatment covered by cash and health insurance
What sets it apart
Dedicated multidisciplinary institutional recovery centres operating profitably with support from extended insurance coverage

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