India’s largest community of active seniors and trusted eldercare service provider Samarth Life has raised INR 12 Cr Funding led by Aroa Venture Partners. Other investors such as Social Alpha, and Zhooben Bhiwandiwala of Mahindra Partners also participated in te funding round.
Read also – [Funding alert] Walko Food Secures $20 Mn led by Jungle Ventures
The funding will be used by Samarth Life to support its Development and Growth ambitions. This entails building the workforce and expanding operations by improving the technology infrastructure, in order to better serve the demands of the senior community.
Read also – [Funding alert ] Bengaluru based Startup Flytant – Influencer Marketplace Raises Seed Round From ShuruUp
Samarth is founded by alumni of IIT, IIM, Cambridge, Citi, McKinsey & Halliburton, and is recognised as a leader in serving the longevity economy in India. Winner of CSR Health Impact Award, 2018 for Eldercare category and SMC Select IIT Kanpur
Read also – [Funding alert] eFeed Raises INR 1 crore from Klub
“The sector needs ecosystem solutions where one single solution is very hard to make it work because of the scale, acceptance and all of that. So our approach is to bring things under one roof or through one channel to the elderly,” said, Asheesh Gupta, cofounder and CEO of Samarth Life.
Read also – [Funding alert] Fintech Startup Quid Secures Rs 5 Cr Pre-seed Round Funding
About Samarth Life
Founded by Asheesh Gupta, Gaurav Agarwal, Anuradha Das Mathur and Sanjay Ahuja in 2016, Samarth Life is India’s largest community of active seniors with 30,000+ members across 110+ cities. Samarth Eldercare works with major companies globally and is trusted by the diaspora across 30+ countries to provide family-like support and care to their elderly parents & relatives living in India, in the comfort of their homes.
