Eldercare Innovation: Age Care Labs Secures Rs 50 Crore in Series B Funding
Eldercare platform Age Care Labs, operating under the brands Emoha and Epoch, is set to raise Rs 50 crore (around $6 million) in its Series B funding round. This capital influx is backed by Cork Products, Plutus Wealth Management, and a range of other investors. As highlighted in the company’s regulatory filings from the Registrar of Companies (RoC), the board at Emoha has authorised the issuance of 22,87,596 Series B preference shares, priced at Rs 218.6 each, to achieve this funding goal.
According to the filings, Age Care Labs has already secured approximately Rs 31 crore from Cork Products, Plutus Wealth Management, Founders Collective Fund, Keymarrisa Realtors Private Limited, and individual investors like Neeraj Aggarwal and Utpal Hemendra Sheth. The remaining capital is anticipated to be contributed soon.
The company has indicated that the raised funds will be directed towards enhancing its capital structure, fulfilling long-term financial obligations, and supporting various corporate activities. This funding is part of a larger Series B round, with the potential for additional capital to be gathered in the current phase.
Projected Valuation and Services Offered
Startup Superb estimates that the company’s valuation will reach approximately Rs 500 crore (around $59 million) following the share allotment. This valuation could further increase if the company secures extra funding during this round.
Age Care Labs provides in-home eldercare services through its brand Emoha, along with the assisted-living and dementia care facilities of Epoch. Their subscription-based offerings include 24/7 emergency support, health monitoring, wellness programmes, and community engagement designed for seniors. Epoch operates on an asset-light framework by leasing properties and collaborating with operators, while the broader company expands through franchise deals, institutional partnerships, and acquisitions. Together, both brands are dedicated to serving over 60,000 seniors across 120 cities.
To date, Age Care Labs has raised more than $20 million, which includes an $11 million pre-Series B round conducted in 2023, led by Rainmatter Capital (the investment division of Zerodha) and Gruhas (a venture capital firm co-founded by Nikhil Kamath and Abhijeet Pai).
