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HomeInsightFunding Alert Senior Citizen Startup Khyaal Secures $4.2 Mn in Funding

[Funding alert] Senior Citizen Startup Khyaal Secures $4.2 Mn in Funding

Senior citizen services startup Khyaal has secured $4.2 million in a round of funding co-led by SVQuad, 62 Ventures, and Inventus Capital Partners.

Senior citizen services startup Khyaal has secured $4.2 million in a round of funding co-led by SVQuad, 62 Ventures, and Inventus Capital Partners.

Existing backers Everywhere Ventures, Supermorpheus, and Unpopular Ventures also participated in the round as reported by The Economic Times.

Read also – [Funding alert] Co-working Startup DevX Secures $7 Mn Equity & Debt Funding Round

On the Khyaal app, seniors can participate in fun and educational sessions, make secure payments using the Khyaal smart prepaid card, and avail great offers on curated products and services.

The senior citizen app has recently partnered with Tata 1mg, a leading digital healthcare platform. This collaboration marks a significant step towards enhancing the quality of life for senior citizens across India.

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They established a network for elders in India to engage in interactive games and sessions with one another, addressing the problem of loneliness.

About Khyaal

Founded by Hemanshu Jain, Pritish Nelleri, and Alok Soni, Khyaal is a super-app for senior citizens in India. Khyaal was founded in 2020 amidst the pandemic when loneliness and social isolation among seniors rose to unprecedented heights.

Read also – [Funding alert] EV Startup Snap-E Cabs Raises USD 2.5 Mn Pre-Series A Round led by Inflection Point Ventures

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