VC Fund Investments
Eldercare platform Age Care Labs raises $11-M led by Rainmatter Capital, Gruhas
Gurugram-headquartered eldercare platform Age Care Labs - which offers technology platform Emoha and Epoch, a home-care chain for the elderly with dementia - has raised USD 11 million in a pre-Series B round led by venture capital firms Rainmatter Capital and Gruhas. Other investors in the round include Everstone Capital's Alok Oberoi, former CEO of Aditya Birla Capital Ajay Srinivasan. Existing investor Lumis Partners also participated in the round. The company will use the capital to grow the number of Epoch care homes in the north and western regions of India. The funds will also be used to grow Emoha's presence across north, west and eastern India. Age Care Labs had acquired Epoch Elder Care in August 2021.
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