Age Care Labs, a platform for eldercare, has raised USD 11 million in funding. The investment was led by Rainmatter Capital and Gruhas, with participation from other investors including Alok Oberoi and Ajay Srinivasan.
According to the company, the fresh funds will be used to expand its subsidiary brands. Epoch care homes in the north and west regions of India, as well as to expand Emoha’s presence across the north, west and east regions.
Age Care Labs acquired Epoch Elder Care in August 2021 and aims to increase the number of care home clusters and focus on dementia daycare and caregiver training. The eldercare sector has seen increased interest post-pandemic, with startups and investors showing interest in this space.
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