KITES Senior Care Raises Rs 65 Crore for Geriatric Expansion
- ByStartupStory | March 14, 2024
KITES Senior Care secures Rs 65 crore led by MEMG Family Office Fund for expansion. The funding round, led by Dr Ranjan Pai’s Manipal Education and Medical Group (MEMG) Family Office Fund, amounts to Rs 65 crore.
Dr Pai contributes Rs 45 crore, with the rest from various sources. The company plans to deepen its presence in Bengaluru, Hyderabad, and Chennai.
It aims to triple its bed capacity to over 1,000 in six quarters. KITES Senior Care will use part of the capital to complete its Seniorshield platform pilot.
According to CEO Rajagopal G, the funding validates their vision. The geriatric care market is expected to reach $42 billion by 2028.
Dr Ranjan Pai commends KITES’ commitment to customer-sensitive care. Dr A S Arvind, an early-stage investor, praises KITES’ journey. Founded in 2016, KITES has served 5,400 families across three cities.
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