Athulya, a Chennai, India-based provider of senior care services, raised US$9.3M in funding.
The round was led by North Haven India Infrastructure Partners.
Founded in 2016 by Dr. Karthik Narayan, Mr. Srinivasan G, and Ms. J Krishna Kavya, 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. The company currently manages over 400 assisted living beds across multiple facilities in Chennai and Bangalore and has cumulatively served over 20,000 seniors till date.
Athulya intends to use the funds to reach 2500 assisted living units and to serve over 50,000 seniors in the next two years. The expansion will create substantial employment opportunities for service staff, with more than 2000 employees to be hired.
FinSMEs
12/01/2023