Age Care Labs Secures ₹85 Crore for Eldercare Services Expansion
Indian eldercare startup Age Care Labs has raised ₹85 crore (approx. $9 million) in a Series B1 funding round. The capital will be used to expand services, strengthen its technology platform, and support its expansion across India.
Age Care Labs, an Indian startup focused on eldercare, has raised ₹85 crore (approximately $9 million) in a Series B1 funding round. This funding is part of a larger Series B raise, expected to reach ₹250 crore ($30 million) by the first quarter of 2027. The round saw participation from investors including Shrem Group, Rainmatter by Zerodha, and Pegasus Finvest.
The newly acquired capital will be directed towards expanding the company's eldercare services, bolstering its technological infrastructure, and enhancing its healthcare capabilities. Age Care Labs also plans to broaden its operational reach across India.
Founded in 2019 by Lumis Partners under Saumyajit Roy, Age Care Labs operates under two brands: Emoha, which provides in-home care services like 24/7 emergency support and health monitoring, and Epoch Elder Care. The latter, acquired in 2021, focuses on assisted living, dementia care, and rehabilitation services.
The investment comes amid a growing demand for organized senior living solutions in India, driven by an increasing life expectancy and evolving family structures. The company aims to build hospitality-led senior living communities that integrate preventive healthcare and community engagement, leveraging expertise from investors in real estate and hospitality.