Total amount raised
$12.2 Millions
Latest funding date
04/01/2024
Location
Emoha Elder Care has successfully raised ₹101,600,000 in a recent Corporate Round, with backing from investors such as Security & Intelligence Services (India) Ltd. and Gruhas. The platform offers a comprehensive range of elder care services, including expert geriatric care, 24/7 emergency support, and regular health monitoring.
Keep reading to explore the intricacies of Emoha Elder Care's fundraising journey and the investors supporting this innovative platform.
What Is Emoha Elder Care?
Emoha Elder Care, founded in 2019 by Saumyajit Roy, is a leading provider of elder care services in India. Based in Haryana, the company operates within the health care industry and employs between 51-100 people.
Emoha offers a comprehensive range of at-home services designed specifically for elders, including expert geriatric care, 24/7 emergency support, and regular health monitoring. The company aims to enhance the emotional happiness of elders, allowing them to stay at home for as long as possible.
How Much Funding Has Emoha Elder Care Raised?
- Corporate Round
- Amount Raised: ₹101,600,000 (approx. $1.2M)
- Date: April 2024
- Lead Investors: Security & Intelligence Services (India) Ltd.
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand services, improve technology, and scale operations.
- Series B
- Amount Raised: $11M
- Date: October 2023
- Lead Investors: Gruhas, Rainmatter Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage synergies between elder care solutions and investor businesses, and to upskill staff in geriatric services.
Total Amount Raised: $12.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Security & Intelligence Services (India) Ltd.
- Details: Security & Intelligence Services (India) Ltd. is a private security company that has invested ₹101.6M in Emoha Elder Care. The company focuses on providing security services, alarm monitoring, and pest control.
- Investment Focus Areas: Security services, alarm monitoring, pest control
- Notable Investments: Emoha Elder Care
- Gruhas
- Details: Gruhas is an investment firm that participated in the Series B funding round for Emoha Elder Care. The firm is known for its strategic investments in various sectors.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Emoha Elder Care
- Rainmatter Capital
- Details: Rainmatter Capital is a venture capital firm that also invested in the Series B round for Emoha Elder Care. The firm focuses on supporting startups with innovative solutions.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- SIS Limited
- Details: SIS Limited is a private security company that invested $1.2 million in Age Care Labs, which operates under the Emoha brand. The company aims to leverage synergies between its services and Age Care Labs' elder care solutions.
- Investment Focus Areas: Security services, alarm monitoring, pest control, cash-to-home delivery
- Notable Investments: Age Care Labs
What's Next for Emoha Elder Care?
Emoha Elder Care stands at the cusp of significant growth opportunities, driven by its strategic partnership with SIS Limited. The integration of SIS’s alarm monitoring, pest control, and cash-to-home delivery services with Emoha’s elder care solutions presents a vast potential for enhancing service offerings. Additionally, the upskilling of SIS’s 2.85 lakh staff in geriatric services through pan-India training centers could significantly bolster Emoha’s operational capabilities.
Future fundraising opportunities appear promising, given the company’s current valuation and the strategic benefits of its partnerships. These factors could attract further investments, enabling Emoha to scale its operations and expand its market reach. However, challenges such as maintaining service quality across regions and effectively integrating new technologies and services will need to be addressed to sustain growth.
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