VC Fund Investments
Athulya Senior Care raises Rs.77-Cr from Morgan Stanley
Chennai-based Athulya, a senior care services provider, has raised INR 77 crore (USD 9.3 million) from North Haven India Infrastructure Partners, a fund managed by Morgan Stanley India Infrastructure. Founded by Karthik Narayan, Athulya offers assisted living, transition care and home healthcare to senior citizens. The company currently manages over 400 assisted living beds across multiple facilities in Chennai and Bengaluru and claims to have served over 20,000 seniors till date. The funds will be used for expansion to reach over 2,500 beds and to establish new facilities in multiple cities across south India, as well as for talent acquisition, infrastructure development and skill training. The firm also aims to expand its services to include palliative care.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
