Age Care Labs Secures Funding from SIS Limited

Funding Round:

Age Care Labs obtains INR 10.16 Cr ($1.2 Mn) in funding led by SIS Limited, acquiring a 4% ownership stake at an INR 254 Cr valuation.

Strategic Partnership:

SIS Limited's investment signifies an expansion into the B2C sector, aiming to integrate elder care homes into their service offerings.

Synergistic Benefits:

Collaboration enables SIS Limited to enhance employee skills in elderly care and explore potential future ventures in the sector.

Expansion Initiatives:

Age Care Labs, operating under the Emoha brand, offers a range of services catering to seniors' needs, including health assistance and interactive activities.

Recent Funding:

Securing $11 million in Pre-Series B funding, Age Care Labs aims to bolster its service offerings and competitive position in the growing senior care market.

Competitive Landscape:

Age Care Labs faces competition from companies like KITES Senior Care and 60Plus India amidst increasing investor interest in India's senior care sector.

Market Size and Growth:

With India's elderly population projected to surge to 347 million by 2050, the market for elderly care services is expected to grow from $60 million in 2022 to $100 million by 2030.

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