Age Care Labs, a platform for senior care, has raised $11 million in a pre-Series B round of funding, which was headed by Gruhas, a venture capital firm founded by Nikhil Kamath and Abhijeet Pai and Rainmatter Capital, Zerodha’s investment arm. Alok Oberoi, Ajay Srinivasan, and current investor Lumis Partners also took part in the investment round.
According to a news release from Age Care Labs, the funds will be used to increase its presence across India, make product and technology investments for a better client experience, and look for local acquisition prospects.
Emoha, a division of Age Care Labs, focuses on providing emergency, health, and engagement services to address older health issues at home. It also owns a company called Epoch Elder Care, which it bought in August 2021 and which Neha Sinha co-founded.
Epoch Elder Care provides care facilities with a focus on dementia and assisted living. Age Care Labs offers healthcare services for seniors of all ages and health issues through Emoha and Epoch.
Age Care Labs is in direct competition with senior companionship apps supported by Ratan Tata, such as Goodfellows, KareWise, SeniorWorld, GetSetUp, 60Plus India, and ElderAid Wellness. Former BharatPe executives launched GenWise, a firm that raised money in its initial round of funding in June of this year.
