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Age Care Labs Raises Rs 85 Cr In Series B1 To Expand Eldercare Services

BW Disrupt· July 3, 2026

Age Care Labs has secured Rs 85 crore (approximately $9 million) in a Series B1 funding round to accelerate the expansion of its eldercare and senior living services across India. This investment is part of a broader Rs 250 crore fundraising initiative expected to conclude in early 2027, reflecting the growing demand for organized care solutions in the region. The capital infusion will support technological enhancements and the development of new healthcare capabilities as the company addresses the needs of a rapidly aging demographic.

Age Care Labs, founded in 2019 by Lumis Partners under the leadership of Saumyajit Roy, plans to utilize the new capital to strengthen its two primary brands: Emoha, which provides at-home eldercare, and Epoch Elder Care, an assisted living and specialized care provider acquired in 2021. The Series B1 round saw participation from a diverse group of investors, including Shrem Group, Rainmatter by Zerodha, Pegasus Finvest, and several family offices. These funds are earmarked for expanding the company’s market reach, upgrading its technology platform, and enhancing healthcare delivery systems to meet the rising standards of the organized eldercare sector.

A significant component of this expansion is a new partnership with Shrem Group to launch "Shremoha," a premium independent living platform for seniors. This hospitality-led initiative will integrate Shrem Group’s real estate expertise with Emoha’s care platform to offer residences featuring preventive healthcare, wellness programs, and emergency response services. The collaboration aims to create a comprehensive ecosystem for seniors who require independent living options supported by professional care coordination and hospitality services.

The investment comes at a critical time for the Indian senior care market, which is currently valued at USD 4.47 billion and projected to reach USD 14.14 billion by 2031. According to the United Nations Population Fund’s India Ageing Report 2023, the country’s elderly population is expected to reach 347 million by 2050, eventually outnumbering the 0-15 age group by 2046. Age Care Labs, which has previously raised over USD 20 million from investors like Gruhas and KOIS Invest, competes in an increasingly crowded field that includes KITES Senior Care, GenWise, and Goodfellows.

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