Elderly care startup Kites Senior Care raises Rs 45 crore in funding from Ranjan Pai

Kites Senior Care, a geriatric care service provider has secured Rs 45 crore in a series A funding round, led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG) through his family office.

The funds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while also facilitating expansion into three additional cities across Southern India, the company said.

The expansion and growth plan entail a total outlay of Rs 65 crores, with Rs 45 crores being infused by Pai and the remaining Rs 20 crore by the promoters themselves, said Rajagopal, who is the cofounder of the company.

Following this with this investment, Pai will hold a 44% stake in the company.

Read more at https://economictimes.indiatimes.com/tech/funding/elderly-care-startup-kites-senior-care-raises-rs-45-crore-in-funding-from-ranjan-pai/articleshow/108473554.cms