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Caregiving-tech startup LegUp raises Rs 2 Cr pre-Seed funding

Entrackr · 15d

Bengaluru-based caregiving-tech startup LegUp, which has introduced a platform to bridge the gaps between modern families and trusted caregivers, has secured pre-seed funding of Rs 2 crore ($250K) from Bluebridge Capital Private Limited. This marks LegUp’s first official fundraising round since its inception in May 2024. The company plans to utilize the capital to enhance its technology and operational capabilities while fostering growth and expansion. Additionally, a significant portion of the funds will be allocated toward the development and launch of two upcoming mobile apps. LegUp offers a range of high-quality caregiving and companion services catering to both baby care and elder care segments, including japa nanny services, babysitting, and elderly homecare attendants, among others. The platform has already onboarded over 10,000 skilled caregivers. LegUp is growing rapidly, with a 40% month-over-month revenue increase. The company has established a strong presence in Bengaluru, reaching an MRR of Rs 22 lakh and aiming for an annual revenue of Rs 15 crore in the next fiscal year. The childcare services sector in India is projected to generate over $25,892 million in revenue by 2030, growing at a CAGR of 5%. Meanwhile, the Indian elderly care market, currently valued at $7 billion, is expected to reach a staggering $50 billion by 2030.