5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Investing

Nila raises $2.4 Million to help immigrants care for elderly family across borders

by
October 16, 2025
in Investing
0
Nila raises $2.4 Million to help immigrants care for elderly family across borders

London-based healthtech startup Nila has raised an oversubscribed $2.4 million (£1.8 million) pre-seed round led by LocalGlobe, to expand its care management platform that helps immigrants manage healthcare for their elderly relatives back home.

The funding will accelerate Nila’s rollout across India, the world’s largest remittance destination, and support its plans to enter other Asian markets, including the Philippines, within the next 18 months. The round also includes participation from Redbus Ventures and a network of angel investors from Nala, Revolut, Wise, and the wider remittance, fintech, and healthtech sectors.

Founded in 2024 by Anthony Jacob (pictured), a former Taptap Send executive, Nila was born from Jacob’s personal struggle to coordinate vaccines and care for his elderly parents in Sri Lanka during the pandemic.

“We face an ageing population of huge proportion,” Jacob said. “Younger professionals working abroad often shoulder the responsibility of caring for ageing parents remotely. At Nila, we bridge that gap — providing smarter, more efficient, cross-border eldercare that keeps families connected and informed every step of the way.”

The platform combines AI-driven care management, cross-border payments, and a network of Nila Certified carers, trained and vetted in geriatric care and safeguarding. Each user is matched with a dedicated carer who manages home visits, tracks medications, arranges transport for appointments, and handles medical payments — all while sharing live updates with family members abroad.

For millions of expatriates, caring for ageing family members from overseas is an emotional and logistical strain. According to the World Bank, immigrants send more than $130 billion annually to India alone, with healthcare consuming a large share of that money.

Nila estimates that immigrants spend over eight hours per week coordinating care and more than $5,000 per year on travel and admin costs related to eldercare. In emergencies, medical bills can exceed $1,500, often with little transparency.

By connecting families with trusted carers and automating payments, Nila aims to make remote caregiving both reliable and affordable.

The company’s early traction underscores the demand: in just six months, Nila has handled over 3,000 care requests across more than 10 Indian cities, including Mumbai, Pune, Delhi, Hyderabad, Bangalore, Chennai, Coimbatore, Ahmedabad, Ludhiana, and Kolkata. The company reports zero customer churn among its early users, who pay around $100 per month for 24/7 coordination and local in-person care.

Julia Hawkins, partner at LocalGlobe, said the firm was drawn to Nila’s mission and early results: “Anyone living abroad knows how stressful and costly it is to care for loved ones from afar. Nila is transforming that experience by tackling the toughest challenges — from finding trusted carers to managing payments and gaining visibility into everyday care. It can’t replace being there in person, but it’s proving to be the next best thing.”

Nila’s approach contrasts with traditional eldercare models by integrating healthcare, fintech, and real-time communication into a single ecosystem. Families can pay directly for services through Nila’s platform, eliminating remittance delays and reducing transaction fees.

With its latest round, Nila plans to expand its AI and logistics infrastructure, hire care operations teams across India, and begin pilots in Southeast Asia.

The company’s long-term vision is to build a borderless global health and social care network — connecting caregivers, clinicians, and families worldwide.

“We’re redefining what it means to look after loved ones from afar,” Jacob added. “Our goal is to give every family peace of mind — no matter how far apart they are.”

Previous Post

London AI recruitment startup Jack & Jill raises $20 Million seed round

Next Post

Midnight launch events for iPhone 17 now ongoing, freebies announced 

Next Post
Midnight launch events for iPhone 17 now ongoing, freebies announced 

Midnight launch events for iPhone 17 now ongoing, freebies announced 

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Megaworld’s big wins highlight sustainability, tourism, best workplace

    Megaworld’s big wins highlight sustainability, tourism, best workplace

    October 17, 2025
    Pag-IBIG Fund Super Sale draws nearly 7,000 winning bids and purchase offers in just six weeks

    Pag-IBIG Fund Super Sale draws nearly 7,000 winning bids and purchase offers in just six weeks

    October 17, 2025
    PNP-ACG ramps up cyber defense training with leading PH finance super app

    PNP-ACG ramps up cyber defense training with leading PH finance super app

    October 17, 2025
    US budget deficit dips in fiscal 2025 on boost from tariffs, education spending cuts

    US budget deficit dips in fiscal 2025 on boost from tariffs, education spending cuts

    October 17, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.