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:
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:
Synergistic Benefits:
Collaboration enables SIS Limited to enhance employee skills in elderly care and explore potential future ventures in the sector.
Expansion Initiatives:
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:
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:
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:
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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