Total amount raised
$12.2 Million
Latest funding date
04/01/2024
Location
Emoha Elder Care has successfully raised funding over two rounds, with the latest being a Corporate Round. The company is backed by six investors, including Security & Intelligence Services and Gruhas.
Keep reading to explore the intricacies of Emoha Elder Care's fundraising journey and the investors supporting this innovative elder care platform.
What Is Emoha Elder Care?
Emoha Elder Care is a private company based in Haryana, India, specializing in elder care services. The company operates within the health care industry and employs between 51-100 people. Emoha Elder Care is dedicated to reinventing eldercare with a comprehensive 360-degree envelope of care, focusing on in-home services for seniors aged 55 and above.
With a significant presence in Gurgaon, India, Emoha Elder Care offers a range of services, including expert geriatric care, 24/7 emergency support, regular health monitoring, and hospital accompaniment. The company has raised funding through corporate rounds and is backed by multiple investors, including Security & Intelligence Services and Gruhas.
How Much Funding Has Emoha Elder Care Raised?
- Corporate Round
- Amount Raised: $1,200,000
- Date: April 2024
- Lead Investors: Security & Intelligence Services
- Valuation at Round: INR 254 crore
- Motivation Behind the Round: To leverage synergies between Age Care Labs' elder care solutions and SIS Limited's various business operations.
- Series B
- Amount Raised: $11,000,000
- Date: October 2023
- Lead Investors: Gruhas, Rainmatter Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their eldercare services and enhance their 360-degree care model in India.
Total Amount Raised: $12,200,000. Current Valuation: INR 254 crore.
Key Investors
- Security & Intelligence Services
- Details: Security & Intelligence Services (SIS) is a private security company that has invested $1.2 million in Age Care Labs, acquiring roughly 4% of the company. The investment values Age Care Labs at approximately INR 254 crore.
- Investment Focus Areas: Security services, alarm monitoring, pest control, cash-to-home delivery.
- Notable Investments: Age Care Labs.
- Gruhas
- Details: Gruhas is a significant investor in Emoha Elder Care, participating in the Series B funding round. The company is known for its strategic investments in innovative startups.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Emoha Elder Care.
- Rainmatter Capital
- Details: Rainmatter Capital is a major investor in Emoha Elder Care, participating in the Series B funding round. The firm is known for supporting startups that bring technological advancements.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Emoha Elder Care.
What's Next for Emoha Elder Care?
Emoha Elder Care stands at the cusp of significant growth opportunities. The strategic partnership with SIS Limited opens doors to enhance their service offerings, including alarm monitoring, pest control, and cash-to-home delivery. Leveraging SIS's extensive network of training centers and offices, Emoha can upskill a vast workforce to meet the growing demand for elder care services.
Future fundraising rounds seem promising, given the company's current valuation and the potential to expand its market reach. However, challenges such as maintaining service quality across a diverse workforce and integrating new services will require careful management. The elder care industry is evolving, and Emoha is well-positioned to lead the way with innovative solutions and strategic collaborations.
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