Athulya to raise $10 million
The Hindu
Athulya, a geriatric healthcare start-up headquartered in Chennai, is in talks with venture capitalists to raise $10 million to increase its offering of assisted-living services to senior citizens by
Athulya, a geriatric healthcare start-up headquartered in Chennai, is in talks with venture capitalists to raise $10 million to increase its offering of assisted-living services to senior citizens by fourfold in two years. “The funds will be used to improve geriatric healthcare in the country by developing facilities and for expanding our service regions,” said R. Karthik Narayan, MD, Athulya Assisted Living Pvt. Ltd. in a statement. Currently, Athulya offers 250-bed facilities across four locations in Chennai. Plans are on to double them within eight months. Within two years, another 500 beds will be added by foraying into Bengaluru and Hyderabad.More Related News