Kites Senior Care, a pioneering startup specializing in geriatric services, has successfully secured $5.4 million in its Series A funding round. Led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG), through his family office, this investment marks a significant milestone for the company and underscores the growing interest in innovative solutions addressing the needs of aging populations.
The infusion of capital will empower Kites Senior Care to deepen its presence in key urban centers such as Bengaluru, Hyderabad, and Chennai. Moreover, the company aims to extend its footprint to three additional cities across Southern India, highlighting its commitment to serving a broader demographic. With a focus on providing comprehensive geriatric care, including post-operative and post-hospitalization rehabilitative care, palliative care, dementia care, and respite care, Kites Senior Care continues to redefine standards in the industry.
The funds raised will be strategically allocated towards augmenting the company’s operational capabilities and infrastructure. Kites Senior Care plans to bolster its team of care professionals, scaling up from 400 to over 1,500 individuals to meet growing demand. Additionally, the company aims to expand its bed capacity to accommodate more patients, leveraging technology-driven solutions to enhance efficiency and service delivery. The implementation of its tech platform ‘seniorshield,’ incorporating wearable technology from Titan Fastrack, underscores Kites Senior Care’s commitment to innovation and leveraging cutting-edge tools to optimize patient care.
Kites Senior Care operates within a dynamic and rapidly evolving agetech landscape, alongside prominent players such as Samarth Life, Age Care Labs, Goodfellows, and others. With a focus on addressing the unique needs of senior citizens and delivering tailored solutions, these companies collectively contribute to the transformation of elderly care. As the aging population continues to grow globally, fuelled by demographic shifts and increased life expectancy, the demand for innovative agetech solutions is expected to surge, presenting significant opportunities for expansion and innovation within the sector.
