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Dec, 29 2018

Seniority plans to raise funding for business expansion

RPG Ventures had incubated Seniority in 2016.

RPG Ventures is looking to tap the private markets to raise funds for Seniority Pvt Ltd, senior citizen-care product startup. The company had incubated Seniority in 2016.

The startup is selling products that make everyday life easier for senior citizens, with mobility aids, wellness products and leisure accessories.

Kunjan Chikhlikar, Head, RPG Ventures, said, "We will be looking to raise $7-8 million for Seniority sometime in the middle of 2019. RPG is very excited about the opportunity and how the business is shaping up, and will also be investing alongside new investors."

"Apart from merely investing in early-stage companies, which might have synergies with existing businesses of the group, the RPG Ventures mandate also includes incubating and building businesses for the group in new-age areas of interest. Senior care products was an area of interest that was identified by the RPG group following which we set out to build a business around it," he added.

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