Sukino Raises $31 Mn in Series B Led by Bessemer and Participation by Rainmatter to Deliver Exceptional Out‑of‑Hospital Care

Sukino, the out of hospital healthcare chain, announced that it has raised $31 million in its Series B round led by Bessemer Venture Partners. This round also saw participation from Rainmatter. The funds will be used for geographical expansion.

India accounts for ~10% of the global stroke cases annually, a number rising steadily due to structural health and lifestyle factors such as obesity, sedentary habits, hypertension, stress, and air pollution. Each patient typically requires 6 to 8 weeks of multi-modal rehabilitative care post-procedure, including physical, speech, occupational, and psychological therapy.

This is where Sukino comes in. It bridges the gap between the extended care that is critical for the recovery of patients and the growing willingness of Indians to access this assistance. It provides structured, affordable post-acute support which enables patients to lead fuller lives.

Sukino is aided by two economic and cultural tailwinds:

1. A proliferation of insurance coverage that goes beyond merely hospital care for patients to rehab care as well. Many health plans have started to cover 60 to 90 days of structured recovery. This leads to a lowering of out-of-pocket costs, and improves access to quality care
2. Families are becoming more comfortable with institutional recovery. Traditionally, there has been low social acceptance of family members receiving out of home recovery care post an illness - however, patients and their loved ones are starting to recognize the superior outcomes delivered by specialized facilities.

Founded in 2016 by Rajinish and Shalini Menon, Sukino today operates 850+ beds across eleven centers in Bangalore, Kochi, and Coimbatore and is profitable at the group level. Their centers are strategically located between major hospitals and residential hubs. Though they primarily cater to the needs of stroke patients, centres also admit people who need rehabilitation for neurological, orthopedic, and oncology conditions.

Sukino has seen 64% YoY growth for the past year with 5 centers being added. They plan to expand to 22 more centers in the next 2 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.”



​​Commenting on his investment thesis basis his views on the out of hospital care, 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 ("Veda") was the exclusive financial advisor to Sukino.