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Age Care secures funds from Gruhas, Rainmatter Capital
Mint Mumbai
|October 13, 2023
Elder care platform Age Care Labs has raised $11 million in fresh capital as a part of its pre-Series B funding round from fintech unicorn Zerodha's investment arm Rainmatter Capital and prop-tech investment firm Gruhas, both co-founded by Nikhil Kamath.
"The broader thesis is that the world is ageing; as early as 2040-2050, it appears that India will have an ageing population problem," Kamath told VCCircle.
"With shifting demographics, the importance of providing comfortable and comprehensive care for our elders cannot be overstated."
"(This) is not just a smart investment it's a compassionate one that aligns with the changing dynamics of our society," he added.
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