Caregiving Tech Startup LegUp Bags INR 2 Cr Pre-Seed Funding
Summary
LegUp plans to use the funding to enhance its technology and operations, as well as develop and launch two mobile applications. As we continue to expand our services, geographical footprint and the trusted LegUp caregivers network, and launch new verticals such as geriatric care and concierge services, we are poised to cater to the evolving needs of both urban and semi-urban families, addressing the unique challenges of various demographics, while ensuring optimal comfort, dignity and peace of mind for every individual we serve along the way, Jerin Mathew and Mahesh Narayanan MS, Co-Founders of LegUp added.Indias childcare services sector is projected to generate over $25.8 billion in revenue by 2030, with a 5% CAGR. According to the International Labour Organization, increased investment in Indias care economy could create 11 million jobs.LegUp, currently operating in Bengaluru, reports a monthly recurring revenue (MRR) of INR 22 lakh and aims to reach INR 15 Cr in annual revenue in the next fiscal year. The company plans to expand into Hyderabad, Mumbai, Pune, and Delhi by the end of 2025 and onboard over 1 lakh caregivers. With strong customer ratings and a focus on reliability, LegUp aims to set new industry benchmarks in caregiving services.Stay tuned for more such updates on Digital Health News.