Total amount raised
$5 Million
Latest funding date
2/1/2025
Location
Bold Care has emerged as a prominent player in the men's health and wellness sector, offering a diverse range of products aimed at enhancing sexual health, immunity, and overall well-being. The brand emphasizes clinically validated, safe, and effective products with discreet delivery.
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 is a men's health and wellness brand specializing in sexual wellness products. Founded by Rajat Jadhav, Rahul Krishnan, Harsh Singh, and Mohit Yadav, the company is based in Navi Mumbai, Maharashtra, India.
Offering a range of products designed to enhance sexual health, immunity, and overall well-being, Bold Care emphasizes clinically validated, safe, and effective solutions with discreet delivery. The brand is trusted by over 25 lakh Indian men.
How Much Funding Has Bold Care Raised?
- Pre-Seed Round
- Amount Raised: USD 20,000
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Seed Round
- Amount Raised: USD 22,000
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance market reach.
- Series A Round
- Amount Raised: USD 5,000,000
- 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 (R&D) and expand the company's digital presence.
Total Amount Raised: USD 5,042,000. Current Valuation: Not publicly disclosed.
Key Investors
- Nithin Kamath’s Rainmatter
- Details: Rainmatter is an investment and incubation initiative by Nithin Kamath, the founder of Zerodha.
- Investment Focus Areas: Fintech, financial inclusion, literacy.
- Notable Investments: Zerodha, Smallcase, Finshots.
- Mithun & Siddhartha Sacheti (Founders of CaratLane)
- Details: Founders of CaratLane, an online jewelry retailer in India.
- Investment Focus Areas: Consumer goods, e-commerce, technology-driven retail.
- Notable Investments: CaratLane.
- AVT Group
- Details: A diversified business group with interests in plantations, food processing, and logistics.
- Investment Focus Areas: Agriculture, food processing, logistics, consumer goods.
- Notable Investments: AVT Natural Products, AVT McCormick Ingredients.
- Dhanani family of Sayaji Hotels
- Details: Owners of Sayaji Hotels, a chain of luxury hotels in India.
- Investment Focus Areas: Hospitality, real estate, consumer services.
- Notable Investments: Sayaji Hotels, Barbeque Nation.
- Gruhas Collective Consumer Fund
- Details: A fund focused on consumer brands and startups.
- Investment Focus Areas: Consumer goods, health and wellness, lifestyle brands.
- Notable Investments: Various emerging consumer brands in India.
What's Next for Bold Care?
Bold Care stands at the cusp of significant growth opportunities, driven by its recent expansion into women's wellness with the launch of Bloom. The company has already achieved over 250% growth in the last year and crossed the Rs 100 crore annual recurring revenue mark, indicating a robust market demand for its products. Enhancing research and development (R&D) and scaling its digital presence are key strategies that will likely propel Bold Care to new heights.
Future fundraising opportunities appear promising as the company continues to scale and expand its product lines. With the increasing focus on sexual wellness and personal care, Bold Care is well-positioned to attract more investors. However, the company must navigate challenges such as competition from other direct-to-consumer brands and managing operational costs to achieve profitability. Overcoming societal stigma around sexual health will also be crucial for sustained growth.
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