Caregiving-tech startup LegUp has raised ₹2 crore ($250K) in pre-seed funding from Bluebridge Capital Private Limited, marking its first fundraising round since its inception in May 2024.
The funds will be used to enhance technology, streamline operations, and expand market reach. Additionally, a portion will go toward developing and launching two mobile apps—one for customers to book caregiving services and another for caregivers to find job opportunities and gigs, according to the company.
Founded in 2024 by Mahesh Narayanan MS, Ananthu V, and Jerin Mathew, LegUp offers a range of caregiving and companion services, including japa nanny care, babysitting, and elderly homecare assistance.
The platform has already onboarded over 10,000 skilled caregivers.
Experiencing rapid growth, LegUp reports a 40% month-over-month increase in revenue.
With a strong presence in Bengaluru, the company has achieved a monthly recurring revenue (MRR) of ₹22 lakh and aims to reach an annual revenue of ₹15 crore in the next fiscal year.
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India’s childcare industry is projected to generate over $25.8 billion in revenue by 2030, growing at a CAGR of 5%.
Meanwhile, the elderly care sector, currently valued at $7 billion, is expected to reach $50 billion by 2030. Leveraging this rising demand, LegUp aims to redefine caregiving services through a tech-driven approach.
