Funding · Healthcare & Life Sciences
Sukino raises $31 million in Series B led by Bessemer Venture Partners
By Startup Enthusiast ·
- Date
- Company
- Sukino
- What it does
- out-of-hospital recovery centres
- Kind
- Funding
- Amount
- $31M
- Stage
- Series B
- Founded
- 2016
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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