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Ranveer Singh-Backed Bold Care Ventures Into Women’s Wellness

Inc42Inc42 · 10m ago
Ranveer Singh-Backed Bold Care Ventures Into Women’s Wellness
Medial

- Bold Care, co-founded by Ranveer Singh, has introduced Bloom, a new brand catering to women's wellness. - Ranveer Singh, also an investor in boAt and SUGAR Cosmetics, has joined the trend of celebrities entering the wellness startup industry. - The launch of Bloom aligns with the expanding Indian smart wearables market, which is anticipated to witness a significant growth rate. - The women's wellness market is a key focus for Bold Care as it aims to cater to the specific needs and requirements of women across different life stages. - Bold Care's Bloom aims to provide comprehensive and tailored solutions for women's health and wellness needs, empowering them to live their best lives. - The collaboration between Bold Care and Ranveer Singh reflects the increasing importance of wellness and self-care in today's society.

Men’s sexual health brand Bold Care raises $5 Mn

EntrackrEntrackr · 5m ago
Men’s sexual health brand Bold Care raises $5 Mn
Medial

Men’s sexual health and wellness brand Bold Care has raised $5 million in a funding round co-led by Nithin Kamath’s Rainmatter, CaratLane co-founder Mithun and Siddhartha Sacheti, the Dhanani family, AVT Group, along with participation from Gruhas Collective Consumer Fund and NB Ventures. Entrackr exclusively reported on the deal in December. The proceeds will be used to strengthen research and development (R&D), scale the brand’s digital presence, and develop sexual health solutions for both men and women, Bold Care said in a press release. Co-founded in 2020 by Rajat Jadhav, Rahul Krishnan, Harsh Singh, Mohit Yadav, and actor Ranveer Singh, Bold Care provides solutions for issues such as premature ejaculation (PE) and erectile dysfunction (ED). It also offers condoms and lubricants and claims to have fulfilled over 30 lakh (3 million) orders so far. Bold Care has recently expanded into the women’s wellness sector with the launch of Bloom, offering solutions for women’s health concerns, including sexual health, personal hygiene, menopause, menstrual care, and pregnancy. The Mumbai-based startup currently sells its products through its own website, as well as on e-commerce platforms like Amazon, Flipkart, Myntra, and Meesho. It is also available on quick commerce platforms. According to market research, sexual health issues affect approximately 90-95 million men in India. For the fiscal year ending March 2024 (FY24), Bold Care’s revenue from operations increased by 6.67% to Rs 32.9 crore from Rs 30.90 crore in FY23. However, the company also reported a 21.46% increase in losses to Rs 19.3 crore in the last fiscal year. Bold Care competes with other D2C sexual and wellness brands, including Man Matters, Kindly, Sukham, Kapiva, and Sassiest, among others.

Women health platform Newmi Care raises $1.5 Mn in Seed round

EntrackrEntrackr · 10m ago
Women health platform Newmi Care raises $1.5 Mn in Seed round
Medial

Newmi Care, a full stack outpatient care platform and clinics focused on women health & wellness, has raised $1.5 million in a Seed funding round led by Sprout Venture Partners. he round also saw participation from a leading family office, LetsVenture, Sarcha Advisors, Key Ventures Forum and a few angels investors. Newmi Care aims to build its women clinics in North & West India, enhance technology and product innovation and expand its team, the company said in a press release. Since its inception in May 2022, Newmi Care claims to have serviced more than 60,000 women across 400 cities in India covering health concerns ranging from menstrual, sexual and hormonal health, fertility & maternity, menopause and women reproductive organ cancers. Founded by Aditi Singh and Sanchit Agarwal, Newmi has launched women centric OPD insurance products along with leading insurers and the firm has 10 operational clinics in Delhi NCR. Early-stage VC fund Sprout is currently investing out of its Fund II. From its first fund, it has backed companies like Pixis, Ripplr, Fashor, Advantage Club, Goals101 and Fitso among others.

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