Eldercare Startup Age Care Labs Raises $11m In New Round

Lumis Partners-backed Age Care Labs, which operates elder care brands EMOHA and Epoch, has raised $11 million led by Rainmatter Capital and Gruhas. The round will be used for expansion and suitable acquisitions by the companies.

Eldercare platform Age Care Labs, which includes technology platform Emoha and care home chain for the elderly with dementia, Epoch, has raised $11 million in a pre-Series B round led by venture capital firms Rainmatter Capital and Gruhas. Other investors in the round include Executive Chairman of Everstone Capital Alok Oberoi, former CEO of Aditya Birla Capital Ajay Srinivasan, and others.

Returning investor Lumis Partners, which anchored Age Labs in 2019, also participated in the round.

Read more at https://yourstory.com/2023/10/elsercare-startup-age-care-labs-raises-11-million-in-funding-round