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PE firm Lightrock India invests $15 million in mental healthcare start-up Sukoon

Sukoon Healthcare, a healthcare start-up with offices in Gurgaon, has received a $15 million investment from global private equity company Lightrock India. The money will be used to extend its activities across several locations, offer more specialised services, and build its network by working with other businesses already active in this market.

Despite neither party disclosing the precise amount, Lightrock has bought a sizeable share in Sukoon. Saleem Asaria, a partner at Lightrock India, will also take on the position of Executive Chairman in the startup as part of the agreement.

Commenting on this fundraise, co-founders of the company, Vidit Bahri and Kanishk Gupta, said, “We have always believed in putting our patient care and experience at the centre of our protocols and have achieved recognition for the leading services we provide in Delhi. We are currently expanding our services to Bengaluru and Mumbai as the first step of a pan-India programme of scale.”

Sukoon, a start-up in mental healthcare that was founded in 2020, offers a variety of therapeutic and psychiatric services. The start-up offers solutions for a variety of mental and physical health problems, from women-focused concerns to alcohol and drug addiction. It only has a centre in Delhi right now.

The global and Indian markets for mental healthcare both have enormous potential. Additionally, a McKinsey analysis claims that the COVID-19 epidemic may have extended the spectrum of behavioural issues by 50%.

There are a number of other start-ups in India working in a related field, including CureBay, Clinikally, Peakmind, Wysa, and a few others. Curebay just received $6 million in funding from the venture capital firm Elevar Equity.

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