Athulya, a provider of senior care services in India, has raised US$ 9.3MM funding from North Haven India Infrastructure Partners, a fund managed by Morgan Stanley India Infrastructure, for its forthcoming expansion.
Founded in 2016, Athulya offers assisted living, transition care and home healthcare to address the needs of dependent seniors over the age of 60, and will soon launch palliative care services. Founders Dr. Karthik Narayan, Srinivasan G, and J Krishna Kavya have worked with leading healthcare institutions in India and the US and have particular expertise in geriatric care.
Athulya currently manages over 400 assisted living beds across multiple facilities in Chennai and Bangalore and has cumulatively served over 20,000 seniors till date. With the funding, Athulya intends to expand its services across south India to reach over 2500 beds and serve over 50,000 seniors in the next two years.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.