Total amount raised
$5 Millions
Latest funding date
2/1/2025
Location
Bold Care has successfully raised significant funding through multiple rounds, including a Series A, with backing from notable investors such as the Dhanani family of Sayaji Hotels and AP & Partners. The company focuses on providing comprehensive men's health and wellness solutions, offering a range of products from sexual wellness kits to intimate hygiene items.
Keep reading to explore the intricacies of Bold Care's fundraising journey and the investors backing this innovative platform.
What Is Bold Care?
Bold Care, founded in 2019, is a digital men’s health and wellness startup based in Mumbai, Maharashtra, India. The company was established by Harsh Singh, Mohit Yadav, Rahul Krishnan, Rajat Jadhav, and Ranveer Singh. With a team of 11-50 employees, Bold Care offers personalized treatment plans, free sexologist consultations, and discreet delivery of holistic sexual wellness kits.
How Much Funding Has Bold Care Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to launch the company and develop the first set of products.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance the company's digital presence.
- Pre-Seed Round
- Amount Raised: $20K
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial marketing efforts and customer acquisition.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product line and scale operations.
- Seed Round
- Amount Raised: $22K
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the company's technological infrastructure and improve customer experience.
- Series A
- Amount Raised: $5M
- Date: February 2025
- Lead Investors: A. V. Thomas Group, Mithun Sacheti, Rainmatter Capital, Siddhartha Sacheti
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To boost research and development, expand digital presence, and develop new sexual health solutions.
Total Amount Raised: $5.042M. Current Valuation: Not publicly disclosed.
Key Investors
- Nithin Kamath’s Rainmatter
- Details: Rainmatter is an investment initiative by Nithin Kamath, the founder of Zerodha. It focuses on supporting innovative ideas that create meaningful impact.
- Investment Focus Areas: Fintech, technology startups, climate-related startups.
- Notable Investments: Zerodha, Smallcase, Climes.
- Mithun & Siddhartha Sacheti (Founders of CaratLane)
- Details: Mithun and Siddhartha Sacheti are the founders of CaratLane, a leading online jewelry retailer in India. They are known for their investments in consumer brands and technology-driven companies.
- Investment Focus Areas: E-commerce, retail, consumer goods.
- Notable Investments: CaratLane.
- AVT Group
- Details: AVT Group is a diversified business group with interests in plantations, food processing, and logistics. The group has a diverse portfolio with investments in various sectors.
- Investment Focus Areas: Agriculture, food processing, logistics.
- Notable Investments: AVT Natural Products, AVT McCormick Ingredients.
- Dhanani family of Sayaji Hotels
- Details: The Dhanani family owns Sayaji Hotels, a chain of luxury hotels in India. They focus on investments in the hospitality sector.
- Investment Focus Areas: Hospitality, real estate.
- Notable Investments: Sayaji Hotels, Effotel by Sayaji.
- Gruhas Collective Consumer Fund
- Details: Gruhas Collective Consumer Fund is a venture capital fund focusing on consumer brands. It aims to invest in startups that have the potential to scale and make a significant impact.
- Investment Focus Areas: Consumer goods, services.
- Notable Investments: Various consumer-focused startups.
What's Next for Bold Care?
Bold Care is poised to capitalize on the burgeoning sexual wellness market, with significant opportunities in both men's and women's health. The company plans to enhance its R&D capabilities and expand its digital presence, leveraging the growing acceptance and demand for sexual wellness products. With a 250% growth in the last year and crossing the Rs 100 crore ARR mark, the potential for further expansion is substantial.
Future fundraising rounds are likely as Bold Care continues to scale its operations and product lines. The company may attract more investors, given its strong market position and growth metrics. However, challenges such as competition from other D2C brands and managing operational losses remain. Navigating regulatory and societal dynamics will also be crucial as Bold Care aims to break the stigma surrounding sexual wellness.
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