India’s eldercare market is heating up — and Emoha, one of the leading at-home senior care platforms, has delivered numbers that show just how big the opportunity is becoming.
The Gurugram-based startup reported Rs 74.35 crore in revenue from operations in FY25, a sharp 40% jump from Rs 53.21 crore in FY24. Even more striking, the company managed to cut its losses by nearly a third, proving that eldercare isn’t just a social need — it’s a business model with serious potential.
Emoha is no ordinary healthcare startup. It’s building an ecosystem that provides round-the-clock emergency support, health monitoring, lab tests, diagnostic services, equipment rentals, and even home-based nursing. With India’s aging population growing rapidly, demand for such services is expected to skyrocket in the coming decade.
The FY25 numbers seem to back that up. Emoha also added Rs 37 lakh of non-operating income, pushing its total revenue to Rs 74.72 crore.
One of Emoha’s biggest challenges has been high operating costs, especially manpower. Employee benefit expenses alone consumed 42% of its overall spending in FY25, clocking in at Rs 46.8 crore.
But here’s the twist: those costs actually dropped by 14% compared to FY24, showing that the company is learning how to scale efficiently. Other operational costs, including nursing, equipment, consumables, and marketing, came to Rs 64 crore — keeping total expenses flat at around Rs 111.4 crore.
With revenue soaring and costs under control, Emoha brought down its net loss to Rs 36.68 crore in FY25, a 32% improvement from the Rs 54.16 crore loss in FY24.
Yes, the company is still in the red, with an ROCE of -33.49% and an EBITDA margin of -48.86%. But compared to last year’s picture, investors may finally be seeing signs of a path to sustainability.
The eldercare sector in India is often overlooked in startup circles, overshadowed by fintech, e-commerce, and edtech. Yet, with more than 140 million people over 60 years old in India, it’s a massive market in the making.
Emoha’s steady climb suggests that eldercare may soon attract more investor attention, especially as healthcare, technology, and at-home services converge into a single, fast-growing category.
Emoha’s challenge will be finding the balance between growth and profitability. With rising demand, it could double down on service innovation — think AI-powered health monitoring, deeper integration with insurers, and partnerships with hospitals.
If the FY25 trajectory continues, Emoha could position itself as the go-to brand for India’s senior citizens and their families.
