Eldercare startup Emoha reported a revenue of Rs 53.68 crore in FY24, a 91.8% increase from Rs 27.98 crore in FY23. However, the company’s net loss widened to Rs 54.16 crore in FY24 from Rs 32.66 crore in FY23, as total expenses rose by 77.3% to Rs 107.64 crore in FY24 from Rs 60.69 crore in FY23.
Founded in 2019 and headquartered in Gurugram, Emoha is exclusively designed for seniors. Built by seniors, for seniors, the platform offers one-touch emergency support, a vibrant community ecosystem, expert-led live events, centralized health records, and a dedicated helpdesk redefining senior living through technology and empathy.
Employee benefit costs remained the largest component of total expenses in FY24 at 50.39%, marginally down from 51.27% in FY23. Advertisement expenses stood at 8.5% in FY24. Depreciation costs accounted for 1.9%.
Despite widening losses, Emoha showed signs of operational efficiency improvement, with its EBITDA margin rising to -96.60% in FY24 from -111.96% in FY23. ROCE, however, stood at 0.00% in FY24, an improvement from -480.03% in FY23.
The company has raised a total of Rs 130.4 crore across five funding rounds, with the most recent pre-Series B round closed in April 2024. Co-founder Saumyajit Roy leads the company. Among key shareholders, ESOP holders own 17.87%, Onegan Ltd holds 5.40%, Rainmatter Capital 2.96%, and SIS Limited 2.88%.
As Emoha scales, it is positioning itself as a vital player in the eldercare tech space—offering a seamless, dignified, and joyful experience for India’s aging population, while laying the groundwork for sustainable, long-term impact.