Indian health-tech startup Mojocare is near elevating round $20 million in a Series A spherical led by B Capital Group, the enterprise capital agency based by Facebook Inc co-founders Eduardo Saverin and Raj Ganguly, in response to folks aware of the matter. ,
Existing buyers together with Sequoia India, Chirate Ventures and Better Capital need to take part within the spherical, which is anticipated to be introduced on Tuesday, the folks stated. The Bangalore-based firm plans to make use of the proceeds to develop and diversify its product portfolio, the folks stated, asking to not be recognized because the matter is non-public.
Mojocare helps customers deal with points together with reproductive well being and fertility, hair care and weight reduction by means of a web-based platform that features product gross sales, consultations with docs and customised remedy plans, in response to its web site. .
Spokesmen for Mojocare and Sequoia India declined to remark, whereas representatives for B Capital, Chiratae and Better didn’t instantly reply to questions.
Founded in 2015 by Saverin and Ganguly, B Capital seeks to assist startups obtain scale and remodel their industries, backing them from seed investments to potential preliminary public choices, its web site reveals. It has $6.5 billion in belongings underneath administration and counts over 125 portfolio firms.
With inputs from TheIndianEXPRESS
