Sexual Wellness Brand Bold Care Raises $5Mn In Series A Funding

Ranveer Singh-backed sexual wellness brand Bold Care has raised $5 million in its Series A funding round led by Nithin Kamath’s Rainmatter, Mithun & Siddhartha Sacheti (Founders of CaratLane) and AVT Group.

The round also saw participation from Dhanani family of Sayaji Hotels, Gruhas Collective Consumer Fund, MGA Ventures LLP, Claris Capital Limited, NB Ventures Limited and AP Partners.

The startup will use the funds to boost R&D and expand its digital presence.

Read also- The Energy company Raises $2Mn In Pre-Series A round

"In the last 12 month period, we have seen strong growth, scaling up over 250%. As of the end of last year, we have also crossed the Rs 100 crore ARR mark, becoming the largest new-age men’s sexual health brand in India. This strong growth has been across categories–from our EXTEND Delay Range to Condoms & Lubes to our Shilajit rang," Rajat Jadhav, Co Founder & CEO at Bold Care.

In October last year, the company launched Bloom, a sister brand focused on women's personal and sexual wellness.

About Bold Care

Founded in 2020 by Rajat Jadhav, Mohit Yadav and Rahul Krishnan, Bold Care sells men's sexual wellness products, including lubes, contraceptives, hair care, and perfumes, through its website, online marketplaces, and quick commerce platforms.

Bold Care competes with D2C brands like Peppy, Plush, and MyMuse in the sexual wellness market.

In FY24, the company reported an operating revenue of Rs 33 crore and a loss of Rs 19.3 crore, as per RoC filings.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.