Pune-based Jagruti Rehabilitation Centre has raised Rs 28 crore funding in a Series A round led by Alkemi Growth Capital, as the mental healthcare and rehabilitation provider looks to expand its presence across India. With the fresh capital the organisation will expand into new geographic territories, build capacity in clinical and staffing, create new Specialised Care programmes, and enhance its insurance and corporate partnerships.
Key Highlights
- Pune-based Jagruti Rehabilitation Centre has raised Rs 28 crore funding in a Series A round led by Alkemi Growth Capital.
- Jagruti Rehabilitation Centre will be growing to 40 centres, 4000 beds in Tier I and Tier II cities.
The Rs 28 crore funding comes midst of a rising demand for structured mental health, addiction and rehabilitation services in India. However, the sector remains fragmented, with care largely delivered through standalone clinics and smaller independent establishments.
Pune-based Jagruti Rehabilitation Centre to Expand to 40 Centres and 4,000 Beds
Jagruti Rehabilitation Centre, established by Amar Shinde, Vijaya Shinde and Hemant Shinde, offers residential treatment for mental health issues, addictions and dementia. It currently has over 19 centers located in nine cities, and has over 1,600 beds for patients and a team of over 40 doctors.
With the Series A funding, Jagruti plans to grow the number of centres to more than 40 with over 4,000 beds in Tier I and Tier II cities in the next three to four years. The organization has to date treated over 82,000 people.
Jagruti Rehabilitation Centre has centres in key cities like Pune, Mumbai, Delhi NCR, Ahmedabad, Bengaluru and Chennai. It offers mental health services, substance use and addictions services, and neurological services.
Jagruti Funding to Strengthen Specialised Healthcare Services
The fresh Series A round will help Jagruti expand into new markets, as well as build clinical programs and staff. The organisation also aims at creating niche care programs and strengthening ties with insurance companies.
The investment is addressing the rising demand for structured care for mental health and rehabilitation in India. Jagruti aims to expand its residential care services through a series of cities to meet various needs, including mental health, addiction recovery and dementia care.
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Alkemi Growth Capital Expands Healthcare Portfolio
The investment marks Alkemi Growth Capital's first foray into the mental health and rehabilitation segment of healthcare delivery. The firm's existing portfolio includes companies across diagnostics, medical devices, emergency medical response and healthcare technology.
Its portfolio comprises companies in the fields of diagnostics (Redcliffe Labs), medical devices (Medvital), in-vitro diagnostics (IVD) (Datar Cancer Genetics), emergency medical response (Medulance), autonomous mobility robots (Alphadroid) and physical AI for pharmaceutical manufacturing (Leumas).
Alkemi is gaining exposure to the healthcare delivery segment with its investment in Jagruti, which also offers specialised services related to mental health and rehabilitation.
