VC Fund Investments
Service provider to senior citizens Khyaal raises $4.2 M
Mumbai-headquartered service provider for senior citizens Khyaal has raised USD 4.2 million in a funding round co-led by 62 Ventures, SVQuad and early-stage venture capital firm Inventus Capital Partners. The round also saw participation from existing investors including Everywhere Ventures, Supermorpheus and Unpopular Ventures.The new funds will be used to strengthen the company’s foothold in the regions where it operates now, enhance market penetration and explore new markets.Founded in 2020 by Hemanshu Jain and Pritish Nelleri, Khyaal provides a range of services to seniors aged 55 and above, including digital literacy training, entertainment content, games, financial services tailored for seniors, and on-demand assistance services like cab bookings, medical services and bill payments. It also has post-retirement job opportunities and travel packages for seniors.
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