Healthcare & Life Sciences
VedaCorp advises Sukino Health Solutions, India’s first comprehensive continuum care provider, on its Series A fund raise from Stakeboat Capital
About
Sukino Health Solutions
Founded in 2015, Sukino is India’s first comprehensive long-term health care management for patients with chronic ailments including post-stroke paralysis (hemiplegia), kidney disease, knee or hip replacement surgery, mellitus, hypertension, and cancer requiring pain management, palliative, or end of life care. It acts as the bridge between the hospital and home and delivers out-of-hospital care that enables the patients to achieve a speedy recovery.
Stakeboat Capital
Stakeboat Capital is a Bangalore based PE firm, investing in the small to medium enterprises in healthcare and life sciences, B2B technologies, and businesses / services including value-added industrials and manufacturing space. It has backed companies like Leixir Resources (Dental Labs), Sankalp Semiconductor (Analog and Mixed Signal Semiconductor services), Dvara Financial Services (NBFC targeted at Tier 4/Tier 5 towns), and LeadSquared (SaaS).
Background
We are pleased to announce that our client, Sukino Health Solutions Pvt Ltd (“Sukino”), India’s first comprehensive continuum care provider, has raised Series A funding from Stakeboat Capital, a growth stage PE fund. Sukino in the past had raised angel rounds from marquee investors with the family offices of Kris Gopalakrishnan and Mohandas Pai as lead investors.
The Company is currently managing 5 centres across Bangalore & Kochi and has serviced 10,000+ patients so far, with a focus on long term care patients. The funds will empower Sukino to expand to newer geographies and newer areas of rehabilitation using technology and operate 20+ centres with a capacity of 1,500 beds over the next 3 years.
Veda Corporate Advisors (“VedaCorp”) was the exclusive financial advisor to the Company. This marks VedaCorp’s 44th transaction overall in the healthcare space and further strengthens our franchise by taking to market many focused and need based healthcare businesses.
“Thanks to VedaCorp’s deep expertise and understanding of the Healthcare ecosystem, they were able to help us to focus on the right investment choices and gave us a free hand to proceed given founder sensitivity for choosing investment partner. We are fortunate to work with them. Sincere thanks to Team VedaCorp for all their timely advice and guidance.”
Mr. Rajinish Menon
Founder & CEO - Sukino