DBS Foundation announced SGD 3 million (approximately INR 22 crore) in funding for four purpose-driven businesses across Asia, including India’s Taisho Ventures (Khyaal), which will receive SGD 1 million (~INR 7.4 crore) under the DBS Foundation Impact Beyond Award.
These businesses tackle pressing social needs in ageing in Asia, from creating purposeful work and social connections for older adults to strengthening post-hospital care and enabling seniors to age in place.
Announced at the DBS Foundation Impact Beyond Dialogue – Regional Edition, the Impact Beyond Award, now in its second year, reflects a broader push to help societies adapt to longer lives by building resilience across generations and rethinking how people live, work and care.
India’s ageing population is growing rapidly, increasing the need for solutions that help older adults remain connected, engaged and independent. According to a 2025 UNFPA India and Observer Research Foundation report, India’s elderly population is projected to reach nearly 193 million by 2030.
Against this backdrop, Taisho Ventures is addressing the need for independence, greater engagement and social connection among older adults through Khyaal, India’s leading platform for senior citizens, with more than 5 million users.
About Khyaal
Built for people aged 50+, Khyaal is a technology-first, community-led, phygital platform offering services across physical, emotional, cognitive, social, financial and digital well-being.
Through its online and offline programmes, seniors can access yoga and fitness sessions, brain training, financial and digital literacy, cyber-safety programmes, competitions and hobby groups, as well as services such as e-commerce, health insurance and senior-friendly tours.
Its flagship national competition, 50Above50, provides seniors with a platform to showcase their talent, experience and passions.
“It is heartening to see the new cohort of DBS Foundation Impact Beyond Award winners applying design thinking and leveraging AI to address the growing needs of rapidly ageing societies. We hope the award will enable these innovative businesses to enhance their ability to deliver impact and catalyse systemic change; and in doing so, demonstrate how businesses can be a force for good.”
— Karen Ngui, Head of DBS Foundation
“Uplifting lives and livelihoods amid demographic change, technological disruption and evolving work and care needs takes sustained commitment. Immediate relief matters, but it must also open pathways to greater agency and lasting resilience. Together with our impact ecosystem, and with the expertise and commitment of our colleagues across DBS Bank, we fund multi-year programmes and holistically nurture Businesses for Impact that help communities face the future with confidence, regardless of life stage or circumstance.”
— Karen Ngui
“We are honoured to receive the DBS Foundation Impact Beyond Award. At Khyaal, we are focused on building an integrated ecosystem that enables seniors to lead healthier, more independent, and fulfilling lives. The recognition from DBS Foundation will help us build on our existing efforts, strengthen our platform, and extend the reach of our services to more seniors across Tier-2 and Tier-3 cities in India, while also expanding into geographies like Southeast Asia. We look forward to continuing to deepen our impact as we work towards making active ageing more accessible.”
— Hemanshu Jain, Founder & CEO, Khyaal
Reflecting its commitment to strengthening social and financial resilience across DBS Bank’s six key markets — Singapore, China, Hong Kong, India, Indonesia and Taiwan — the Foundation has, since its inception in 2014, impacted more than 13 million lives, supported 52 programmes and 180 Businesses for Impact, and mobilised 1.3 million DBS employee volunteer hours to date.
Beyond funding, DBS Foundation supports businesses through capability-building and ecosystem connections, while leveraging DBS Bank’s expertise, mentorship and networks to accelerate growth and impact.
Hyderabad-based Life Circle Health Services was among the winners of the inaugural DBS Foundation Impact Beyond Award in 2025, receiving SGD 500,000 (approximately INR 3 crore) to scale its eldercare services in India.
Other Winners from the Second Cohort
- Hon Yang Healthcare – Taiwan (SGD 1 million)
Operates an integrated post-discharge care ecosystem connecting hospitals, physicians, pharmacies, nursing and long-term care providers, and assistive-device rental services. It supports more than 150,000 seniors, people with disabilities and rehabilitation patients. - One Bite Design Studio – Hong Kong (SGD 500,000)
Its Project House “Silver Power Hub” creates community spaces where seniors can connect, share their skills and access short, paid “mini-jobs”. - Shanghai Fuyuan Elderly Care Service – China (SGD 500,000)
Provides community-based eldercare that integrates health, rehabilitation and active ageing services, enabling seniors to age in place.
About DBS Foundation
Established in 2014, DBS Foundation is committed to uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged and fosters inclusion by equipping the underserved with financial and digital literacy skills.
It also nurtures innovative social enterprises that create positive impact. It aims to bring hope to those with less today, so no one is left behind and we can all face the future with confidence.
In 2024, DBS committed up to SGD 1 billion over the next decade to support vulnerable communities and pledged to contribute 1.5 million employee volunteer hours over the same period.
Together with an ecosystem of like-minded partners, DBS Foundation seeks to create impact that goes beyond banking, beyond borders and beyond generations.
For more information, visit: www.dbs.com/foundation
About Khyaal
Khyaal is India’s leading platform for senior citizens, with more than 5 million users.
Built for people aged 50+, the technology-first, community-led, phygital platform is centred around the different dimensions of senior well-being — physical, emotional, cognitive, social, financial and digital — along with a strong focus on purpose and meaningful engagement.
Through online and offline community activities, sessions and workshops, seniors can participate in yoga, fitness, brain training, financial literacy, cyber-safety and digital literacy programmes, alongside on-ground competitions and hobby groups.
They can also avail themselves of services like e-commerce, health insurance, digi-gold investments and senior-friendly tours.
Its flagship national competition, 50Above50, provides seniors with a national stage to showcase their talent, experience and passions.
The aim is to help seniors build connections, rediscover interests, develop confidence and find renewed purpose after retirement.
For more information, visit: www.khyaal.com
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