KITES Senior Care Takes Flight with Rs 65 Crore Series A Funding

KITES Executives
Preeti Bali / 8:44 am / March 15, 2024

KITES Senior Care, a leading provider of geriatric care services in India, has secured Rs 65 crore in a Series A funding round. The investment was spearheaded by Dr. Ranjan Pai’s Manipal Education and Medical Group (MEMG) Family Office Fund.

This significant investment will empower KITES Senior Care to deepen its presence in existing markets – Bengaluru, Hyderabad, and Chennai. The company also plans to expand into three additional South Indian cities. This strategic expansion aims to triple their bed capacity, scaling from the current 340 beds to over 1,000 within the next six quarters.

MEMG Family Office Fund Leads Investment Round to Fuel Expansion

A portion of the funding will be allocated to completing the pilot stage of KITES Senior Care’s recently launched tech platform, Seniorshield. This innovative platform leverages wearable technology from Titan Fastrack to monitor the health and well-being of senior citizens.

“We are delighted to announce the successful completion of our Series A funding round,” said Rajagopal G, CEO and Co-founder of KITES Senior Care. “This investment underscores the unwavering confidence of our investors in our vision and achievements. The funding will act as a catalyst for our expansion efforts, enabling us to reach a wider population of seniors who require specialized care. We are committed to solidifying our position as a leader in the geriatric healthcare sector.”

Investor Confidence in KITES’ Vision

Dr. Ranjan Pai, Chairman of Manipal Education and Medical Group, commented on the investment, stating, “We have been closely following KITES’ impressive journey. Their unwavering commitment to delivering on their promises and establishing a scalable growth model has instilled immense confidence in us. We are impressed by the founders’ dedication to building a customer-centric service offering with a strong clinical foundation. This commitment has motivated us to invest further capital and propel the business to its next stage of growth.”

KITES Senior Care caters to a wide range of senior care needs, offering services such as palliative care, post-surgical rehabilitation care, and dementia care. These services are available both at their care centers and in the comfort of seniors’ homes.

“As the initial seed investor, it has been an extraordinary privilege to witness KITES’ transformation from a promising concept to a leading force in geriatric care,” remarked Dr. A S Arvind, an early-stage investor in KITES Senior Care. “Their unwavering commitment to excellence and innovation is setting new benchmarks within the industry.”

KITES Building a Strong Foundation for the Future

Founded in 2016 by Rajagopal and Dr. Reema Nadig, KITES Senior Care has served over 5,400 families across Bengaluru, Hyderabad, and Chennai. The company currently employs 400 care professionals and plans to expand this team to 1,500 in the near future. With this substantial funding round and a clear vision for growth, KITES Senior Care is well-positioned to revolutionize senior care services in India.

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