Lightrock India, a private equity firm, has invested $15 million for a majority stake in Gurugram-based psychiatric hospital Sukoon, in one of India’s largest mental health deals.

Vidit Bahri and Kanishk Gupta founded Sukoon in 2020 to provide inpatient and outpatient care for all psychiatric and psychological problems through its team of psychiatrists, clinical psychologists, counsellors, and vocational therapists.

The firm plans to scale to multiple locations, expand specialist services, and collaborate with other providers in this space to create a therapeutic behavioural health platform in India, according to a statement from the company.

The company operates in an industry that is experiencing a shortage of specialists to provide care, limiting patients’ options for high-quality care. Sukoon treated over 11,000 patients in inpatient and outpatient settings last year for a variety of conditions.

As part of the deal, Saleem Asaria, a partner at Lightrock India, will become Executive Chairman of Sukoon. He previously founded and led the Cambian Group in Europe. Bahri and Gupta will assume senior leadership positions.

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