Bold Care Bags $5 Mn Funding To Strengthen Presence In Non-MetrosBold Care Bags $5 Mn Funding To Bolster Presence In Non-Metros
Summary
D2C sexual wellness startup Bold Care has raised $5 Mn (around INR 43 Cr) in its Series A funding round led by Zerodhas Rainmatter. The round also saw participation from CaratlLane founder Mithun Sacheti, Jaipur Diamonds Siddhartha Sacheti, Gruhas Collective Consumer Fund, Claris Capital, among others.The startup plans to deploy the fresh capital to bolster its presence in non-metro cities, scale its D2C platform and further strengthen its research and development function.Founded in 2019 by Rajat Jadhav, Rahul Krishnan, Harsh Singh and Mohit Yadav, Bold Care started as a D2C mens health and wellness startup. It sells its products via its website, Amazon, Flipkart, and quick commerce platforms such as BlinkIt, Swiggy Instamart, and Zepto, among others.It raised about $6.5 Mn before the Series A round from investors like NB Ventures, AVT Group, 4Point0, among others. Actor Ranveer Singh has also invested in the startup and assumed the title of cofounder in December 2023.The sexual wellness brand claims to have registered a turnover of INR 32.9 Cr in the fiscal year 2023-24 (FY24) and crossed ARR of INR 100 Cr in December 2024.Our D2C website is scaling fast, so this capital will allow us to bring our services to Tier II and III ecosystems, Bold Care cofounder and CEO Jadhav said on the funding.In October, the startup forayed into the womens health and wellness space with the launch of a new brand, Bloom. Under Bloom, it offers solutions focussed on womens health issues across various life stages.