Aditya Hadi Pratama · · 2 min readB Capital, Sequoia’s Surge lead $21m funding for Indian wellness startup
Mojocare, an Indian health and wellness firm, has raised US$20.6 million in a series A round led by B Capital, Chiratae Ventures, Better Capital, and Surge, Sequoia Capital India’s accelerator program.
Mojocare’s founders Rajat Gupta (left) and Ashwin Swaminathan / Photo credit: Mojocare
Founded in May 2021, Mojocare offers products and services that focus on sexual health, mental wellness, and hair loss. It also allows users to consult with doctors online and look for health coaches, therapists, and nutritionists.
The company was established by Ashwin Swaminathan, who was an investment professional at Chiratae Ventures, and Rajat Gupta, a former executive at Mobile Premier League and chat app Line. In October 2020, Mojocare raised US$3.08 million in seed funding from Chiratae Ventures and Surge, among others.
According to a statement, the firm said that it focuses on lifestyle-related disorders, which are generally difficult to address via a single consultation. “In India, 400 million people are battling issues related to dermatological, mental healt, fertility, and sexual wellness,” Gupta pointed out.
Mojocare plans to use the fresh funding to step up hiring, boost product development, and scale sales through more channels.
See also: These are the most active investors in India’s startups
Other investors in the funding round include:
- Vineet Jain, managing director at Times Group
- Kunal Shah, founder of Cred
- Ankit Nagori, founder of Curefoods
- Adrian Auon, founder of Forward
- Sajid Rahman, founder of Telenor Health
- Ravi Bhushan, founder of Brightchamps
- Vivekananda HR, founder of Bounce
Editing by Miguel Cordon and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
