The Brazilian founder of Facebook, Eduardo Saverin, is venturing into new sectors. His company, B Capital Group, set up with Raj Ganuly, raised R$20.6 million in the latest investment round from Mojocare, an Indian sexual health startup.
According to a press release, the funds raised during the investment round will be used to expand teams and diversify Mojocare’s product portfolio.
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Founded in 2021 by Ashwin Swaminathan and Rajat Gupta, Mojocare’s goal is to help consumers tackle sexual health issues such as childbearing, fertility, hair care and weight loss. Treatments are carried out through an online platform that also sells products and personal consultations with medical therapists and nutritionists.
“We will continue to focus on specialized wellness – men’s sexual wellness, women’s wellness and fertility, mental health, hair and skin care, obesity management,” explained Gupta, co-founder of the startup.
B Capital partner Karan Mohla was upbeat about the investment and praised the company’s service, saying that Mojocare’s founders “solve one of the biggest problems in consumer health and well-being and can fundamentally change the way people work. Think Specialized Wellbeing”. In the statement, Karen said the startup “attracts the best talent in the country and the patient experience and standard of care are inspiring.”
AB Capital Group was founded in 2015 by the Brazilian co-founder of Facebook, Eduardo Saverin, along with Indian entrepreneur Raj Ganguly. The company’s mission is exactly what is being done with Mojocare, to help startups with investments to gain scale and transform their industries.
with information from Bloomberg
Photo: Playback / Linkedin
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