Age Care Labs Raises INR 85 Cr to Expand Elder Care Platform, Partners with Shrem Group for Senior Living Venture
Advertisement
The funding is part of a broader Series B round, with the company planning to raise a total of INR 250 Cr in the first quarter of 2027.
Age Care Labs, the parent company of elder care brands Emoha and Epoch Elder Care, has raised INR 85 crore (approximately $9 million) in a Series B1 funding round led by Shrem Group, with participation from Rainmatter (Zerodha's investment arm), Pegasus Finvest, and several family offices.
The funding is part of a broader Series B round, with the company planning to raise a total of INR 250 Cr in the first quarter of 2027.
The Bengaluru-based company said the newly raised capital will be deployed to strengthen its integrated elder care platform by expanding service offerings, investing in technology, enhancing healthcare capabilities, and supporting its next phase of growth across India.
As part of the transaction, Age Care Labs and Shrem Group have entered into a strategic partnership to launch Shremoha, a premium senior independent living platform designed to cater to India's growing elderly population. The initiative aims to combine professionally managed residences with hospitality services, preventive healthcare, wellness programmes, emergency response systems, and coordinated care.
Age Care Labs currently operates through two key brands. Emoha provides home-based elder care services, including geriatric care, emergency assistance, health monitoring, hospital accompaniment, and social engagement. Epoch Elder Care focuses on assisted living, dementia care, palliative care, rehabilitation, and long-term care services.
"The company has built expertise across the senior care continuum through its existing businesses," said Saumyajit Roy, Co-founder and Chief Executive Officer of Emoha. "Our ambition is to build communities where seniors are not just cared for but are active, connected, and fully alive," he said, adding that Shremoha is a natural extension of the company's experience into the senior independent living segment.
Commenting on the partnership, Nitan Chhatwal, Founder and Managing Director of Shrem Group, said India is witnessing a structural shift in how older adults choose to live. He noted that the next generation of senior citizens is becoming increasingly independent and quality-of-life focused, and said Shremoha is designed to address these evolving expectations by combining Shrem's expertise in real estate and hospitality with Age Care Labs' elder care capabilities.
The collaboration comes as India's elder care and senior living sectors continue to gain momentum. Increasing life expectancy, smaller family structures, and urban migration are driving demand for organised elder care services and professionally managed retirement communities.
According to a recent CareEdge Ratings report, India's population aged 60 years and above is projected to increase from around 142 million in 2021 to nearly 231 million by 2036, creating a specialised senior care market estimated at $35 billion annually. The report also highlights that organised senior living remains significantly underpenetrated compared to developed markets, presenting substantial growth opportunities.
The report further notes that developers are expanding beyond traditional retirement destinations, with an increasing number of senior living projects being launched in major metropolitan cities as affluent and active retirees seek communities closer to their families, healthcare facilities, and urban amenities.
Investor interest in India's broader healthcare and elder care ecosystem has also grown steadily in recent years.
Age Care Labs has previously secured investments from Lumis Partners, Gruhas, KOIS Invest, and Rainmatter, while several healthtech, home healthcare, and senior living companies continue to attract growth capital as the country's ageing population drives long-term demand for specialised care services.
Stay tuned for more such updates on Digital Health News
