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

Sukino, an out-of-hospital healthcare chain, announced that it has raised $31 million in its Series B funding round led by Bessemer Venture Partners. Rainmatter also participated in the round. The company said the funds will be used for geographical expansion.

India accounts for around 10 per cent of global stroke cases each year, with the number increasing due to factors such as obesity, sedentary lifestyles, hypertension, stress and air pollution. Post-procedure, each patient typically requires six to eight weeks of rehabilitative care, including physical, speech, occupational and psychological therapy.

Sukino provides post-acute care services aimed at supporting patient recovery following hospital discharge. The company offers structured and affordable recovery support intended to address the care needs of patients during the rehabilitation phase.

The company’s operations are supported by the expansion of insurance coverage that extends beyond hospitalisation to include rehabilitation care. Several health plans now cover 60 to 90 days of structured recovery, which lowers out-of-pocket expenses and improves access to care. In addition, families are increasingly opting for institutional recovery services. While acceptance of out-of-home recovery care has historically been limited, patients and caregivers are recognising outcomes associated with specialised facilities.

Founded in 2016 by Rajinish Menon and Shalini Menon, Sukino operates more than 850 beds across eleven centres in Bengaluru, Kochi and Coimbatore. The company stated that it is profitable at the group level. Its centres are located between hospitals and residential areas. While the primary focus is on stroke rehabilitation, the centres also admit patients requiring rehabilitation for neurological, orthopaedic and oncology conditions.

Sukino reported 64 per cent year-on-year growth over the past year, with five centres added during this period. The company plans to add 22 more centres over the next two years.

Rajinish Menon said, “With this milestone, we are one step closer to reimagining how India heals after serious illness, making world-class rehabilitative care as accessible and accepted as hospital care itself. Our vision is to build an institution where patients and their families can count on structured, compassionate recovery support that restores not just health, but dignity and independence.”

Vishal Gupta, Partner at Bessemer Venture Partners, said, “we’re thrilled to be partnering with Rajinish,Shalini and team. Their focus on protocol driven, empathy-first support ensures high quality care to patients at a tough and vulnerable point in their lives. Our belief in Sukino is rooted in our conviction that high quality healthcare, especially in the single speciality space,will lead to better clinical care and outcomes for Indian consumers.”

Nitin Kamath, CEO of Rainmatter, said, “Most patients in India get medical attention for surgeries in hospitals. But there is a greater need for continued care and support once they get discharged from hospitals especially for critical patients. Sukino is solving a real problem here by bridging the gap between hospital discharge and full recovery. Rajinish, Shalini and the team have been delivering care continuity to patients since 2016 across different cities and diverse set of patients. Building great businesses that also drives meaningful outcomes takes time, which is why we are glad to support Sukino through Rainmatter Health for the next phase of the journey where they continue to build meaningfully.”

Veda Corporate Advisors acted as the exclusive financial advisor to Sukino.