The funds will be used to boost strategic aspects including technology, product development, and growth and expansion
Bengaluru-based caregiving-tech start-up LegUp – which has introduced an innovative caregiving platform to seamlessly bridge the gaps between modern families and trusted caregivers – has secured a pre-seed funding of Rs 2 Crores (~$250K) from Bluebridge Capital.This marks LegUp’s first official fundraising round since its inception in May 2024; before this, the start-up had remained bootstrapped.
LegUp plans to utilise the capital raised through this pre-seed round to bolster its technology and operational capabilities and foster growth and expansion. Additionally, a significant portion of these funds would go towards the development and launch of two of its upcoming mobile apps – a customer-facing app that will facilitate end-users to directly book caregiving services through the LegUp platform, and a dedicated app for caregivers to find jobs/gigs and address their professional concerns.
Ananthu V, Co-Founder, LegUp said, “We are helping the nation’s caregivers to obtain better job opportunities, higher and more predictable monthly earnings, standardization of job roles, enhanced job security, and much more, thus addressing and bridging the gaps between both ends of the spectrum. We will be, going ahead, embracing a fully tech-driven approach that shall assist us scale significantly, and move faster and closer to our vision of redefining the nation’s caregiving space.”
Jerin Mathew and Mahesh Narayanan MS, Co-Founders of LegUp added, “Our pre-seed funding comes just at the right time when we have successfully established our platform-market fit, post helping 500+ families navigate their diverse caregiving challenges, and showcased our platform’s transformative potential, especially in terms of formalisation of India’s caregiving economy. 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."
In the next year, LegUp will be foraying into new verticals such as elderly care services and concierge services. Whereas in terms of geographical expansion, the start-up would be venturing into cities like Hyderabad, Mumbai, Pune and Delhi by the end of 2025. At the same time, they envision bringing over one lakh caregivers across the country onto LegUp’s tech-enabled platform, while also attempting to raise at least one more funding round by the year-end.
