Elderly care is becoming an increasingly more pressing concern given Malaysia’s ageing population with The World Bank noting in 2020 that Malaysia will be a “super-aged society”, by 2056, as defined by having over 20% of the population above the age of 65. For context, the number was around 7% in 2020.
While there doesn’t seem to be a silver bullet to address this concern, it does smell of business opportunity and private sector players have entered the scene. One of them is CARE Concierge.
CARE Concierge recently got a huge boost in the form of funding, it was onboarded as the first portfolio under Gobi Partners’ newly established Gobi Dana Impak Ventures (GDIV) fund. GDIV is a part of the Future Malaysia Programme, an initiative under Khazanah Nasional’s Dana Impak mandate.
We speak to Martin Yap, CARE Concierge’s Founder and CEO about how this funding will be utilised, the growth pathway ahead, and how CARE Concierge leverages tech to power its elderly care offerings.