Life Circle Health Services Wins DBS Foundation Impact Beyond Award for Eldercare Innovation

Life Circle Health Services, a Hyderabad-based social enterprise, has been awarded the prestigious DBS Foundation Impact Beyond Award 2024, securing a grant of SGD 500,000 (~INR 3 crore). The recognition forms part of a broader initiative by the DBS Foundation, which allocated SGD 3 million (~INR 20 crore) to innovators focused on addressing the needs of ageing societies globally.

The grant will enable Life Circle to enhance its tech-enabled eldercare services, particularly in India's high-demand Tier 2 and 3 cities. The company operates a marketplace that connects trained caregivers with families, emphasizing professional and accessible eldercare solutions. The enterprise also aims to train and employ caregivers from rural areas, promoting both quality care and economic empowerment.

The award reflects DBS Foundation's commitment to uplifting the lives of seniors and enhancing their ability to age with dignity and joy. As the ageing population in India is projected to exceed 20% by 2050, the demand for such services is increasingly critical. Life Circle's innovative approach supports ageing in place while fostering a more inclusive and connected society.

(With inputs from agencies.)