Bengaluru-based health tech startup Mojocare has declared it raised $20.6 million (INR 160 crore) in a Series A round led by B Capital and existing investors, Sequoia India’s Surge, Chiratae Ventures and Better Capital.
The round with participation by other angel investors including Kunal Shah (CEO, CRED), Vineet Jain (MD, Times Group), Ankit Nagori(Founder, Curefoods ), Adrian Auon (CEO, Forward), Sajid Rahman (Founder & CEO, Telenor), Ravi Bhushan (CEO, Brightchamps), and Bounce founders People Vivekananda HR, also participated in this round.
The fresh funds were used to diversify its product portfolio and extend its omnichannel go-to-market strategy with a particular emphasis on distribution. It will also use the new funds to recruit more staff as it continues to expand the team in content and care delivery.
Mojocare raised INR 24 crore in the previous seed round, led by Aakrit Vaish and 12 other investors.
Alongside these high-profile investors, AL Trust, Alteria capital, Disruptors Capital, Rise capital, QED innovation Lbas, and angel investors, including Ankit Nagori, Varun Gupta, and Sajid Rahman collectively invested Rs 13 crore.
“Malgré the crowded environment, most players offer a transactional experience,” says the author. This channel by means of high-quality clinical content, expert access, and Crypto engagement is taking a very distribution-first approach to unlock this reachable market and driving the adoption of the funnel. “Top – leading the user journey,” Ashwin Swaminathan, co-founder of Mojocare, said.
Founded in 2020 by Rajat Gupta, former vice president at Mobile Premier League and Ashwin Swaminathan, a former investment professional at Chiratae, Mojocare provides personalized wellness products and services including consultations and treatments for daily nutrition, and fitness, hair, skin, sleep and sexual health.
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