🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Age Care Labs Bags Funding To Offer Geriatric Care
Inc42
·
1y ago
Medial
Elder care startup Age Care Labs has raised INR 10.16 Cr ($1.2 Mn) in a strategic funding round led by private security firm SIS Limited. As part of the deal, SIS Limited acquired a nearly 4% stake in Age Care Labs, valuing the company at around INR 254 Cr. The investment aims to help SIS Limited enter the B2C segment and expand its services in the elder care industry. The partnership offers potential advantages to SIS Limited's various businesses and could facilitate the training of its staff in geriatric services.
View Source
Related News
Zerodha's Rainmatter Capital, Gruhas, others invests in Age Care Labs
IndianStartupNews
·
1y ago
Medial
Age Care Labs, an elder care platform, has raised $11 million in a pre-Series B funding round. The investment was led by Rainmatter Capital, the investment arm of Zerodha, and Gruhas, a venture capital fund co-founded by Nikhil Kamath and Abhijeet Pai. The funds will be used to expand the platform's presence in India and explore potential mergers and acquisitions. Age Care Labs aims to address the diverse needs of the aging population through its businesses, Emoha and Epoch, which focus on elder health at home and asset-light care homes respectively.
View Source
Elderly care startup Kites Senior Care raises Rs 45Cr in funding from Ranjan Pai
IndianStartupNews
·
1y ago
Medial
Kites Senior Care, a geriatric care services provider, has raised INR 45 crore in Series A funding led by Ranjan Pai, chairman of Manipal Education and Medical Group. The company plans to use the funds to expand its operations in Bengaluru, Hyderabad, Chennai, and three new cities in Southern India. Kites Senior Care's expansion strategy includes investing a total of INR 65 crore to increase its bed capacity, workforce, and revenue projections. The startup also aims to enhance its technological capabilities, leveraging wearable technology for enhanced care. The geriatric care market in India is growing rapidly, driven by the needs of the ageing population.
View Source
Elderly care startup Kites Senior Care raises Rs 45 crore in funding from Ranjan Pai
Economic Times
·
1y ago
Medial
Kites Senior Care, a geriatric care service provider, has raised Rs 45 crore in a series A funding round led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG). The funds will be used to expand the company's presence in cities like Bengaluru, Hyderabad, and Chennai, as well as to enter three additional Southern Indian cities. The total investment of Rs 65 crores also includes Rs 20 crore from the company's promoters. Kites Senior Care specializes in various geriatric services and aims to increase its bed capacity to over 1,000 in the next six quarters.
View Source
QNu Labs bags $6.5 Mn to provide quantum technology-based cybersecurity solutions
Inc42
·
1y ago
Medial
Quantum-safe cybersecurity firm QNu Labs has raised $6.5 million in a pre-Series A1 funding round led by Ashish Kacholia of Lucky Investments. The funding will be used for expansion and hiring new talent to bolster the company's growth. QNu Labs offers quantum and post-quantum cryptography solutions for data security and privacy against new-age attacks. The firm aims to solidify India's position as a hub for quantum technology and become a key player in global quantum-safe cybersecurity.
View Source
InvAscent leads $13 Mn round in Geri Care Health Services
Entrackr
·
6m ago
Medial
Snippets InvAscent leads $13 Mn round in Geri Care Health Services The fresh funds will be utilized to expand its services across key cities in Southern India, including Bengaluru, Hyderabad, Kochi, and Coimbatore, Geri Care said in a press release. Geri Care Health Services, an integrated senior citizen-focused healthcare services provider, has raised Rs 110 crore ($13 million) in a funding round led by InvAscent, investing through its India Life Sciences Fund IV (ILSF IV) for a minority stake in the company in its first institutional fundraise. Founded in 2018 by Lakshmipathy Ramesh, Geri Care offers a comprehensive 360-degree continuum care model for senior citizens, with a network of multi-specialty hospitals, assisted living centers, home care, and clinics exclusively for senior citizens. According to the Chennai-based company, it is also introducing first-of-its-kind specialty centers of excellence in geriatric oncology, geriatric urology, geriatric cardiology, and ortho-geriatrics through its chain of multi-specialty hospitals exclusively for elders. Geri Care claims to serve tens of thousands of elders in South India, particularly in Chennai. InvAscent is a life sciences private equity firm managing an AUM of over $800 million, with investments in over 35 companies across the pharma, healthcare delivery, medical devices, animal health, nutraceuticals, and healthtech industries.
View Source
Kites Senior Care raises Rs 45 Cr in Series A round
Entrackr
·
1y ago
Medial
Agetech startup Kites Senior Care has raised Rs 45 crore ($5.4 million) in its Series A round led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG) through his family office. Previously in January 2023, Kites had raised Rs 14 crore in a pre-series A round from Ranjan Pai. The proceeds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while also facilitating expansion into three additional cities across Southern India, the company said in a press release. Founded in 2016 by Rajagopal and Reema, Kites Senior Care specialises in a range of geriatric services including post-operative and post-hospitalisation rehabilitative care, palliative care, dementia care, and respite care, both within care facilities and at the residences of senior citizens. Currently, the startup has a team of 400 care professionals, which is expected to grow to over 1,500. Further, the Bengaluru-based firm has plans to use the newly raised capital to augment its bed capacity to over 1,000 within the next six quarters, up from the current number of 340. Also, it aims to complete the pilot expansion of its tech platform ‘seniorshield,’ leveraging wearable technology from Titan Fastrack. Besides Kites Senior Care, Samarth Life, Age Care Labs, Goodfellows, KareWise, SeniorWorld, GetSetUp, 60Plus India, ElderAid Wellness and GenWise also operate in the agetech space.
View Source
Morgan Stanley PE-backed Athulya in talks for fresh funding
VCCircle
·
5m ago
Medial
Athulya Assisted Living Pvt. Ltd, a Chennai-based geriatric care firm, is in preliminary discussions to secure a second round of funding to broaden its services and expand into new cities. This comes after the company raised Rs 77 crore in January 2023 from a Morgan Stanley-managed private equity fund. The funding will support Athulya’s growth and expansion across additional locations, according to a company executive.
View Source
KITES Senior Care raises ₹65-cr funding led by Ranjan Pai’s fund
Thehindubusinessline
·
1y ago
Medial
KITES Senior Care, a provider of out-of-hospital geriatric care services, has raised ₹65 crore in a Series A funding round. Manipal Education and Medical Group's Family Office Fund contributed ₹45 crore to the funding. KITES plans to expand its presence in Bengaluru, Hyderabad, and Chennai, as well as enter three more cities in southern India. The company aims to increase its bed capacity to over 1,000 beds from the current 340 beds over the next six quarters. The funds will also be used to complete the pilot growth of seniorshield, a tech platform utilizing Titan Fastrack's wearable technology.
View Source
Ranjan Pai's family office bets more on Kites Senior Care
VCCircle
·
1y ago
Medial
Manipal Education and Medical Group's family office fund, led by Ranjan Pai, has invested INR 45 crore into Kites Senior Care in a Series A round. Kites, which specialises in out-of-hospital geriatric care, plans to use the funds for expansion, increasing its bed capacity to 1,098 and expanding to Pune, Cochin, and Coimbatore over the next 15 months. The company is also considering entering the senior living market.
View Source
SCOPE bags $5 mn in extended round; Moxie Beauty, two others close early-stage deals
VCCircle
·
1y ago
Medial
SCOPE, an invite-only platform for startups, has raised $5 million in an extended funding round, following its recent $90 million funding round. The company has also acquired an Asset Management License in the US, enabling it to offer comprehensive asset management services. Moxie Beauty, a hair care products company, secured $2.1 million in funding led by Fireside Ventures. KheloMore, a sports platform, raised $2 million to expand its geographical footprint and launch cricket academies. Deployment platform ToyStack.ai secured $325,000 in pre-seed funding.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/indianstartupnews/media/agency_attachments/s1FnhAYONODoxNkoC8xA.png)
