Sharrp Ventures, NB Ventures, Huddle, Anthill Ventures, Stanford Angels & Entrepreneurs, Shiprocket, and others participated in the round
Mumbai : Bold Care, a science-backed men’s healthcare D2C (direct-to-consumer) start-up, today announced raising Pre-Series A funding from Sharrp Ventures, Anthill Ventures, Stanford Angels & Entrepreneurs, ShipRocket, along with participation from existing investors NB Ventures and Huddle. The undisclosed funding will be used for product development and the company’s growth plans focused towards soon raising Series A funding.
Launched in 2020 by entrepreneurs and friends Rajat Jadhav, Rahul Krishnan, Harsh Singh, and Mohit Yadav, and accelerated by Huddle & seed funded by Rajesh Ranavat, Executive Director Fung Investments, Mumbai-based Bold Care is an end-to-end men’s health and wellness platform that addresses various men’s health issues such as — sexual health, hair care & daily nutrition. The company offers free digital consultations with expert physicians and provides discreet two-day delivery of allopathy and natural products to address these issues. Bold Care believes that the future of healthcare will be specialised and aims to be the company that addresses the problems faced by the modern Indian man.
On the occasion, Rajat Jadhav, Co-founder, Bold Care, said, “We are truly a customer-first brand aimed at solving men’s health issues from a health-first mindset compared to a lifestyle-like solution. We put a deep focus on the formulation and quality of our products, making sure what we offer meets the high expectations of our customers at the right price point with a delightful customer experience. From servicing 100 customers in July 2020, we have had a fast-paced growth journey in the last 18 months, scaling to 25,000+ monthly users as of January 2022. Within this short span, Bold Care’s user base of 2,30,000+ Indian men reinforces our confidence in the market potential and acceptance. Along with the growth, we have also built a stellar team here managing everything in-house – marketing, operation, customer support etc – to maintain quality as well as privacy for our users. The funds raised will help us grow further as a company and enhance our product line and significantly broaden our customer base including eventual overseas expansion where we already have some green shoots. Having investors who share our vision has tremendously helped us in our rapid growth and success.”
Speaking on the investment, Rishabh Mariwala, Co-founder and Director, Sharrp Ventures, said, “We are excited to partner with the Bold Care team whose products address unmet needs for Indian men. With the approach being unique the consumer-forward products and system will ease pain points faced by the consumer.”
Sanil Sachar, Founding Partner, Huddle, said “Huddle has been a partner with Bold Care since day one and witnessed the brand’s exceptional journey from being just an idea to a fast-growing company that has garnered immense consumer trust and brand love. Bold Care is reinventing access to men’s healthcare and wellness, and by being a customer-centric company, it has been able to build itself into a leader. We are excited to continue partnering with the Bold Care team and look forward to working with them as they continue to scale up.”
In a market that is unorganised and dominated by wellness options not backed by science, Bold Care is uniquely positioned to offer structure through holistic end-to-end men’s health and wellness offerings, which have quickly scaled up not only on their website but also on various marketplaces such as Amazon, Flipkart, PharmEasy, Nykaa, CRED and others. The company offers free medical consultations with experts with 10+ years experience, holistic & authentic products, personal assistants to guide users in their journey, and discreet two-day deliveries across the country — making the process of finding solutions for sexual health, haircare issues and wellness simplified. Some of its products include holistic sexual wellness kits, complete haircare packs, and natural supplements to boost immunity, sleep, haircare and sexual health. Bold Care also launched its own range of natural water-based lubricants and natural latex condoms to promote safe and better sex. These condoms are formulated for the Indian man and packed consciously – something that the brand has always cared deeply about.
Bold Care aims to be a conscious brand that builds a safe space for the modern Indian man looking for solutions to sexual wellness, haircare and daily nutrition. Bold Care’s sexual health range has been witnessing very high efficacy rates as reported by its users. The company is steadily on its way to transforming how Indians view and address sexual wellness; creating a trusted and hassle-free environment to address issues.
