Sukino’s $31 million round signals shift toward post-hospital care

Subscribe to enjoy similar stories. BENGALURU : Venture capital and private equity investors are increasing their bets on post-hospital care—often referred to as ‘continuum care’—as India’s hospitals are discharging patients more quickly and families seek structured recovery outside hospitals.

The latest and one of the larger recent deals in this space is Sukino’s $31 million Series B round led by Bessemer Venture Partners, with participation from Zerodha-backed Rainmatter. Sukino, which operates out-of-hospital recovery centres, had earlier raised a ₹50 crore Series A round led by Stakeboat Capital in 2024, following angel funding from the family offices of Infosys co-founder Kris Gopalakrishnan and Aarin Capital chairman Mohandas Pai.

Sukino operates out-of-hospital recovery centres in Bengaluru, Kochi, and Coimbatore, and is profitable at the group level, its founder and chief executive Rajinish Menon said in an interview with Mint. He said the chain currently operates about 850 beds across 11 centres in South India.

With the new funding, he said the first phase of expansion will focus on the metros in South India before moving to tier I markets. “The first phase of the investments…will be to catch up or build more in the metro cities with Hyderabad and Chennai and then go to the tier I cities of South India as well," Menon said, naming Calicut, Trivandrum, Mysuru, Hubli-Dharwad, Belgaum, Vizag and Trichy among target markets.

Sukino plans to add 22 more centres over the next two years, Menon said, adding that most of its expansion follows an asset-light model in which landlords invest in the build-out and Sukino signs long leases. Menon said Sukino is less of a ‘home care’ company and more of a hospital-like