The funding, arranged by KKR Capital Markets and backed by KKR's private credit and insurance platforms, will help the Manipal Group accelerate its long-term growth and expansion plans.
Ranjan Pai's family office, Claypond Capital, and Sumitomo Mitsui Banking Corporation led the investment, with participation from Xponentia Capital, Finsight Ventures, Harbourfront Capital, and Pegasus India Evolving Opportunities Fund.
With the raised funds, the Bengaluru-based platform aims to fuel its expansion into the US market and enhance its AI-driven nutrition and fitness coaching capabilities.