As part of the deal, Lightrock India has acquired a significant stake in Sukoon
Post the transaction, Lightrock India’s partner Saleem Asaria will become the executive chairman of Sukoon while Sukoon’s founders will take senior leadership roles in the startup
Sukoon said that it uses a multi-disciplinary team of psychiatrists, clinical psychologists, counsellors and vocational therapists to provide personalised treatment to patients
Gurugram-based hospital chain startup Sukoon has raised $15 Mn from venture capital firm Lightrock India.
As part of the deal, Lightrock India has bought a significant stake in the startup. Besides, Lightrock India’s partner Saleem Asaria will become the executive chairman of Sukoon while Sukoon’s founders – Vidit and Kanishk will take senior leadership roles in the startup.
Founded in 2020 by Vidit Bahri and Kanishk Gupta, Sukoon is a psychiatric facility startup that treats psychiatric and psychological conditions. It also offers online healthcare services such as drug and habit de-addiction and geriatric psychiatry, among others.
Sukoon said that it uses a multi-disciplinary team of psychiatrists, clinical psychologists, counsellors and vocational therapists to provide personalised treatment to patients.
“Sukoon, together with the existing ecosystem, capital and specialist expertise, national and global, can help create one of the leading mental health systems in the world. This investment is a first step towards realising our vision to build India’s first and largest therapeutic behavioural health platform,” said Saleem Asaria, partner of Lightrock India.
Sukoon claims to have treated more than 11K patients with mental health issues in the last year.
According to the startup, approximately 200 Mn people in India are suffering from mental health and of this, 1% of the population requires inpatient services. Also, only 10,000 psychiatrists and 1000 clinical psychologists are practicing in India.
“We are excited to be working with Lightrock India and Saleem to build on our vision. We have always believed in putting our patient care and experience at the center of our protocols and have achieved recognition for the leading services we provide in Delhi,” Vidit Bahri and Kanishk Gupta said.
The startup is looking to expand services to Bengaluru and Mumbai cities as part of its PAN India programme.
The Indian healthcare sector is anticipated to become a $5.5 Bn space by 2025. The segment has evolved due to digitisation and tech advancement along with government-backed initiatives.
Some of the healthcare startups such as HealthQuad-backed Wysa, Elevar Equity-backed CureBay, and 3one4 Capital-backed Eka Care operating in the digital healthcare space.
