Pune-based Jagruti Rehabilitation Centre has raised ₹28 crore in a Series A round led by Alkemi Growth Capital, its first institutional funding round. The deal underlines how startup funding in India is reaching specialised healthcare delivery, not just consumer apps and software.
Founded in Pune in 2008 by Amar Shinde, Vijaya Shinde and Hemant Shinde, Jagruti provides mental healthcare, addiction treatment, rehabilitation and elder care services. The organisation currently operates more than 19 centres across nine cities, with over 1,600 beds and more than 40 doctors, and says it has supported more than 82,000 individuals.
The fresh funds will be used to enter new geographies, expand clinical and staff capacity, develop specialised care programmes, and deepen insurance and corporate partnerships. Jagruti plans to expand to over 40 centres and more than 4,000 beds across Tier I and Tier II cities over the next three to four years.
The investment marks Alkemi Growth Capital’s first foray into the mental health and rehabilitation segment of healthcare delivery. Its portfolio includes companies in diagnostics, medical devices, emergency medical response, cancer diagnostics, health technology and pharmaceutical manufacturing.
Alkemi founding and managing partner Alka Goel said mental health is one of the largest and least institutionalised gaps in Indian healthcare, and that Jagruti has built a trusted brand by delivering psychiatrist-led care to a consistent clinical standard at prices middle-income families can afford.
Why it matters for founders
Jagruti raised its first institutional round after 18 years of operating without one. For founders in unglamorous, regulated sectors, the lesson is clear: a consistent operating model across many centres beats a fast pitch deck, and investors will fund expansion once unit-level quality is proven city by city.