Age Care Labs raises Rs 85 crore in funding round

Gurugram-based elder care startup Age Care Labs has raised Rs 85 crore, approximately $9 million, in a funding round led by Zerodha-backed Rainmatter, along with Pegasus Finvest, the Shrem Group, and several family offices. The investment forms the first tranche of a larger Rs 250 crore, or nearly $30 million, funding round that the company plans to complete over the coming months.

The latest capital infusion comes as the company looks to strengthen its position in India’s growing elder care market by expanding its services and improving technology-driven care solutions.

Capital to drive expansion and technology investments
Age Care Labs said the newly raised funds will be used to enhance its operational capabilities, broaden its range of services, invest in technology, and accelerate its expansion across India.

The company aims to improve the quality and accessibility of elder care by combining digital health solutions with physical care services. The investment is expected to support its efforts to reach more senior citizens while strengthening existing service offerings.

Building an integrated elder care platform
Age Care Labs was co-founded by Saumyajit Roy and Neha Sinha with the objective of creating a comprehensive elder care ecosystem in India. The company operates through two distinct brands that cater to different aspects of senior care.

Its flagship platform, Emoha, provides at-home and app-based elder care services designed for seniors who prefer to continue living independently. The platform offers a range of support services, including round-the-clock emergency assistance, health monitoring, telemedicine consultations, and wellness programmes tailored to older adults.

The company’s second brand, Epoch Elder Care, focuses on assisted living and dementia care facilities. These centres are designed to provide specialized care for seniors who require continuous support and professional medical supervision.

Asset-light strategy powers expansion
A key feature of Age Care Labs’ business model is its asset-light approach, particularly through Epoch Elder Care. Instead of owning real estate, the company leases properties and partners with operators to establish and manage assisted living facilities.

This strategy allows the startup to scale its operations with lower capital requirements while maintaining flexibility in entering new markets. In addition to leasing properties, the company is expanding its presence through franchise partnerships, institutional collaborations, and strategic acquisitions.

According to the company, this model enables faster growth while improving access to organized elder care services across multiple regions.

Serving seniors across the country
Together, Emoha and Epoch Elder Care currently serve more than 60,000 senior citizens across 120 cities in India. The company offers a mix of home-based support, technology-enabled healthcare services, and residential care options, allowing families to choose solutions based on individual needs.

The company believes its integrated model helps bridge gaps in India’s fragmented elder care ecosystem by bringing together clinical care, emergency response, wellness services, and assisted living under one umbrella.

Its focus extends beyond metropolitan areas, with plans to strengthen its presence in both Tier I and Tier II cities where demand for organized elder care services continues to grow.

Continued investor confidence
The latest funding builds on Age Care Labs’ previous fundraising efforts. Before this round, the startup had raised more than $20 million from investors. In 2023, it secured an $11 million pre-Series B funding round led by Rainmatter Capital and Gruhas, providing momentum for its expansion strategy.

With the new investment, the company is preparing for the next phase of growth while working toward completing its broader Rs 250 crore fundraising round in the coming months.

As India’s ageing population continues to increase, Age Care Labs is positioning itself to address the growing demand for technology-enabled, accessible, and integrated elder care services through its combined home care and assisted living platforms. Ascendants