Age Care Labs Secures Investment for Elder Care Services

Age Care Labs, an at-home elder care startup, has successfully secured Rs 85 crore (approximately $9 million) from Rainmatter, backed by Zerodha, along with Pegasus Finvest, the Shrem Group, and various family offices. This funding forms part of a broader Rs 250 crore (around $30 million) investment round that the company is expected to complete in the near future. In August last year, Startup Superb had reported exclusively that the Gurugram-based company was in the process of raising the initial tranche of its Series B round.

Before this recent funding, Age Care Labs had already gathered over $20 million, which included an $11 million pre-Series B round in 2023 led by Rainmatter Capital and Gruhas. The newly acquired funds will be utilised to enhance operations, broaden service offerings, invest in innovative technology, and support the next growth phase across India, as stated by Age Care Labs in a press release.

About Age Care Labs and Its Offerings

Age Care Labs was co-founded by Saumyajit Roy and Neha Sinha and provides comprehensive elder care services through two primary brands: Emoha, an at-home and app-driven elder care platform, and Epoch Elder Care, which manages assisted living and dementia care facilities.

Epoch follows an asset-light strategy by leasing properties and collaborating with operators, while the company is also expanding through franchise partnerships, institutional collaborations, and acquisitions. Collectively, these two brands cater to over 60,000 seniors across 120 cities.

Services Offered by Emoha

Emoha delivers a range of services, including 24×7 emergency response, health monitoring, telemedicine, and wellness programmes tailored for seniors living in their own homes. The company highlights that its asset-light model facilitates expansion in tier I and tier II cities, effectively addressing the gaps in India’s fragmented at-home and clinical elder care ecosystem.