KITES Senior Care, a prominent provider of “out-of-hospital” geriatric care services, has announced the successful completion of its Series A funding round, securing an investment of INR 45 Crores from Dr. Ranjan Pai’s Manipal Education and Medical Group (MEMG) Family Office Fund. This significant capital infusion, part of a total plan outlay of INR 65 crores, marks a pivotal moment in the company’s journey towards expanding and innovating geriatric care in India.

The round, led by Dr. Ranjan Pai’s MEMG Family Office, underscores the growing investor confidence in KITES Senior Care’s vision and accomplishments. This funding will be instrumental in facilitating the company’s expansion into new markets across Southern India while deepening its presence in existing ones.

With India’s elderly population projected to double by 2050, accounting for a substantial portion of the total population, the demand for specialized geriatric care services is on the rise. KITES Senior Care recognizes this pressing need and aims to address it by prioritizing innovation and expansion.

“We are thrilled to announce the successful completion of our Series A funding round, which underscores the confidence of our investors in our vision and accomplishments,” said Rajagopal, CEO and Co-Founder of KITES Senior Care. “This funding will fuel our expansion efforts, allowing us to reach more seniors in need of specialized care while fortifying our position as a leader in the geriatric care sector.”

The new capital infusion will enable KITES Senior Care to deepen its presence in cities where it currently operates, including Bengaluru, Hyderabad, and Chennai. Additionally, the company plans to enter three more cities across Southern India, aiming to increase its bed capacity to over 1,000 beds by 2026 from its present capacity of about 340 beds.

Furthermore, part of these funds will be allocated towards completing the pilot growth of the tech platform seniorshield, which utilizes wearable technology from Titan Fastrack. This initiative reflects KITES Senior Care’s commitment to leveraging innovative solutions to enhance the quality of care provided to seniors.

Investor confidence in KITES Senior Care’s vision and leadership has been instrumental in the company’s rapid growth and success. “We have closely observed KITES deliver the promised plan and building solid foundations of a scalable growth model. This has encouraged us to commit further capital to grow the business to the next stage,” commented Dr. Ranjan Pai.

Established in 2016, KITES Senior Care continues to be a beacon of innovation and superior care in the geriatric care sector. Co-founded by Rajagopal and Dr. Reema, and initially supported by Padma Shri Dr. Kamini Rao, the company has garnered acclaim for its dedication to providing specialized care to seniors.

As the company embarks on this new phase of expansion and innovation, KITES Senior Care remains steadfast in its commitment to redefining the landscape of senior care in India, ensuring that more seniors have access to the compassionate care they deserve.

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