62Ventures and Inventus Capital Back Khyaal’s $5.4M Funding Round for Elderly Community App

62Ventures and Inventus Capital Back Khyaal’s $5.4M Funding Round for Elderly Community App

Khyaal Secures USD 4.2M Funding Round

Khyaal, a company dedicated to enhancing the well-being of senior citizens and their families, has successfully raised USD 4.2 million in its latest funding round.

This investment, led by 62Ventures, SVQuad, and Inventus Capital, brings the total funding raised by Khyaal to USD 5.4 million.

Notable investors such as Glen Tullman, Kanwal Rekhi, Raju Reddy, Raj-Ann Gill, Everywhere Ventures, Supermorpheus, and Unpopular Ventures also participated in the funding round.

Vision for Expansion and Growth

With this infusion of capital, Khyaal aims to expand its operations and broaden its business reach.

The company is committed to leveraging these funds to further develop its offerings and enhance its impact on the lives of senior citizens and their families.

Innovating for Senior Well-being

Founded in 2020 by Hemanshu Jain and Pritish Nelleri, Khyaal provides a comprehensive app designed specifically for senior citizens.

The app fosters physical, cognitive, emotional, and social well-being among the elderly through various features and services.

These include engaging entertainment content, interactive games, and curated travel plans tailored to both premium and budget-friendly destinations.

Tailored Financial Services

In addition to its focus on holistic well-being, Khyaal offers financial services customized for seniors.

This includes the Khyaal Card, a smart payment card equipped with cybersecurity protection.

Seniors earn Khyaal Coins with every transaction made using the card, which can be redeemed for rewards within the app.

Gratitude and Forward Momentum

Expressing gratitude for the support of investors, Hemanshu Jain emphasized Khyaal’s commitment to its mission and vision.

He highlighted the company’s readiness to accelerate innovation, extend its reach, and make a meaningful difference in the lives of seniors.

TDPel Media

This article was published on TDPel Media. Thanks for reading!

Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn

Advertisement: Download Vital Signs App (VS App)