Kites Senior Care Startup lifts Rs. 45 crore to improve Quality of Life for Senior Citizens
Bengaluru-based Geriatric-specialized startup, Kites Senior Care has uplifted Rs. 45 crore (approximately $5.4 million) in a Series A funding round directed by the Chairman of Manipal Education &Medical Group- MEMG, Ranjan Pai via his family office.
Earlier in the month of January 2023, the age-tech startup has secured Rs. 14 crore in a pre-series A funding round led by same Ranjan Pai.
In a press release, the company said that the acquired capital will be utilized to intensify the organization’s presence in cities such as Chennai, Bengaluru & Hyderabad. Meanwhile, it also aims to facilitate its expansion into three major cities across Southern India.
Established in 2016 by Reema & Rajagopal, Kites Senior Care dedicates in an array of geriatric services & solutions that includes post-operative, post-hospitalization rehabilitative care, palliative care, dementia care & respite care. They provide both inside elder care facilities & the home care services for senior citizens.
At present, they have a skilled team of 400 care professionals & projected to rise more than 1,500. Additionally, the senior care startup holds plans to utilize the freshly raised funds to boost up the capacity of beds over 1,000 within the next six quarters, which is up from the existing 340 beds. As well, the company fosters to finish the pilot expansion of its tech-driven platform, ‘seniorshield,’ that leverages wearable technology from Titan Fastrack.
Earlier in the month of January 2023, the age-tech startup has secured Rs. 14 crore in a pre-series A funding round led by same Ranjan Pai.
In a press release, the company said that the acquired capital will be utilized to intensify the organization’s presence in cities such as Chennai, Bengaluru & Hyderabad. Meanwhile, it also aims to facilitate its expansion into three major cities across Southern India.
Established in 2016 by Reema & Rajagopal, Kites Senior Care dedicates in an array of geriatric services & solutions that includes post-operative, post-hospitalization rehabilitative care, palliative care, dementia care & respite care. They provide both inside elder care facilities & the home care services for senior citizens.
At present, they have a skilled team of 400 care professionals & projected to rise more than 1,500. Additionally, the senior care startup holds plans to utilize the freshly raised funds to boost up the capacity of beds over 1,000 within the next six quarters, which is up from the existing 340 beds. As well, the company fosters to finish the pilot expansion of its tech-driven platform, ‘seniorshield,’ that leverages wearable technology from Titan Fastrack.
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