Elder-care firm Samarth Life raises Rs 12 crore from Aroa Venture Partners, others

Feb 21, 2024•almost 2 years ago

Amount Raised

$120 Million

GurugramIndividual and Family Services

Investors

Zhooben BhiwandiwalaSocial AlphaAroa Venture Partners

Description

Elder-care startup Samarth Life has secured Rs 12 crore in a funding round led by Aroa Venture Partners, with other investors including Social Alpha and Zhooben Bhiwandiwala of Mahindra Partners. The funds will be deployed to drive growth, expansion initiatives, and to deepen engagement in the market.

Company Information

Company

Samarth Life Management Pvt Ltd

Location

Gurugram, Haryana, India

About

Samarth 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. As an organisation we serve the comprehensive needs of the elderly - from support, advice, care, services, research, innovation, advocacy & rights; building an ecosystem that enhances the quality of life of seniors in India. 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.

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