Bengaluru-based caregiving-tech start-up LegUp 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.
Through its flagship platform, LegUp offers a range of caregiving/companion services catering to baby care and elder care segments – including Japa nanny, babysitting, and elderly homecare attendants, among other services. The platform has onboarded over 10,000 skilled caregivers, each verified and trained to provide care. LegUp is currently experiencing a revenue growth of 40 per cent month-over-month, demonstrating growing demand for its high-quality caregiving services.
In the next year, LegUp aims to foray 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 aim to bring 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.
The start-up also offers a comprehensive plan to families for handling their caregiving-related requirements and concerns over a stipulated period through a paid subscription model.