Age Care Labs raises Rs 85 Cr to expand elder care platform

Age Care Labs, the parent company of elder care brands Emoha and Epoch Elder Care, has raised Rs 85 crore (~$9 million), in a Series B1 funding round led by strategic investor Shrem Group, with participation from Rainmatter, the investment arm of Zerodha, Pegasus Finvest, and several family offices.

The round forms part of a larger planned Series B raise of Rs 250 crore, expected to be launched in the first quarter of 2027.

The fresh capital will be used to strengthen the company’s integrated elder care platform by expanding services, investing in technology, enhancing healthcare capabilities and supporting its next phase of growth across India.

Alongside the investment, Age Care Labs and Shrem Group have entered into a strategic partnership to create Shremoha, a premium senior independent living platform designed for India’s growing elderly population.

Founded to address the needs of older adults across different stages of ageing, Age Care Labs operates through two brands. Emoha provides home-based services such as geriatric care, emergency assistance, health monitoring, hospital accompaniment and social engagement, while Epoch Elder Care focuses on assisted living, dementia care, palliative care, rehabilitation and long-term care.

The new venture aims to combine professionally managed residences with hospitality, preventive healthcare, wellness programmes, emergency response and coordinated care.

Saumyajit Roy, co-founder and chief executive officer of Emoha, said the company has built expertise across the senior care continuum through its existing businesses.

“Our ambition is to build communities where seniors are not just cared for but are active, connected, and fully alive,” he added, describing Shremoha as a natural extension of that experience into senior independent living.

Nitan Chhatwal, founder and managing director of Shrem Group, said India is witnessing a fundamental change in how older people want to live.

He noted that the next generation of seniors is increasingly independent and focused on quality of life, adding that Shremoha is intended to meet those evolving expectations by combining Shrem’s expertise in real estate and hospitality with Age Care Labs’ experience in elder care.

The partnership comes as India’s elder care and senior living sectors gather momentum. Rising life expectancy, smaller family units and urban migration are increasing demand for organised 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 rise to around 231 million by 2036 from about 142 million in 2021, creating a specialised senior care market worth an estimated $35 billion annually. The report also notes that organised senior living remains significantly underpenetrated compared with developed markets, leaving considerable room for expansion.

The senior living industry is also evolving beyond traditional retirement destinations. Developers are increasingly launching projects in major metropolitan areas as wealthier and more active retirees seek communities that allow them to remain close to families, healthcare facilities and urban amenities rather than relocating to isolated retirement towns.

Investor interest in India’s broader healthcare and elder care ecosystem has also strengthened over the past few years. Age Care Labs itself previously attracted backing from investors including Lumis Partners, Gruhas, KOIS Invest and Rainmatter, while several healthtech, home healthcare and senior living companies have continued to raise growth capital as India’s ageing population creates long-term demand for specialised services.