Bluebridge Capital Private Limited has provided pre-seed funding of Rs 2 crore ($250K) to LegUp, a caregiving-tech startup based in Bengaluru that has developed a platform to close the gaps between trusted caregivers and contemporary families.
Since its founding in May 2024, LegUp has never held an official fundraising round until now.
The business intends to use the funds to support growth and expansion while improving its operational and technological capabilities. A sizable amount of the money will also go toward the creation and release of two future mobile applications.
For the baby care and senior care markets, LegUp provides a variety of excellent companion and caregiving services, such as babysitting, senior homecare attendants, and Japanese nanny services. To date, the platform has onboarded more than 10,000 qualified caregivers.
With a 40% increase in revenue month over month, LegUp is expanding quickly. By reaching an MRR of Rs 22 lakh and aiming for an annual revenue of Rs 15 crore in the upcoming fiscal year, the company has solidified its position in Bengaluru.
With a compound annual growth rate (CAGR) of 5%, the childcare services industry in India is expected to bring in over $25,892 million by 2030. By 2030, the Indian elderly care market, which is currently worth $7 billion, is predicted to grow to an astounding $50 billion.
