Bold Care, an Indian sexual health and wellness brand, has secured $5 million in its Series A funding round. Investors in the round include Rainmatter (led by Nithin Kamath), Mithun and Siddhartha Sacheti (CaratLane founders), the Dhanani family (Sayaji Hotels), AVT Group, Gruhas Collective Consumer Fund, MGA Ventures LLP, Claris Capital Limited, NB Ventures Limited, and AP Partners.
The investment marks a transformative step in scaling our business, and we are excited to see Bold Care’s vision gaining such strong support and momentum. The incredible love & trust we’ve received from our users has been truly inspiring, and this funding reinforces our commitment to scaling our business and reaching even more men & now women across India. With this positive support and creative zeal of Ranveer with striking campaigns, we aim to expand our expertise, helping people understand their issues, find trusted solutions, and take charge of their sexual health confidently,” Rajat Jadhav, co-founder and CEO, Bold Care, said.
The company reported an annual recurring revenue (ARR) of Rs 100 crore in December 2024, following a turnover of Rs 32.9 crore for the financial year 2023-24. Its sales channels include its own website, major e-commerce platforms like Amazon and Flipkart, and quick commerce services such as BlinkIt, Swiggy Instamart, and Zepto.
“I’m incredibly proud of the journey Bold Care has undertaken and the remarkable momentum we’ve achieved in such a short time, registering the success of our campaigns with the audience. Breaking the barriers of stigma & prioritizing open conversations about men’s sexual health in India has been a cause close to my heart, and our team has done a phenomenal job at it. The investment is a testament of the trust and belief our investors have in our vision. It will propel us to elevate Bold Care’s presence, scale our innovative offerings, and continue making a lasting impact on society. Together, we’re not just building a brand; we’re working hard so that our customers prioritise open & bold conversations,” Ranveer Singh, Bollywood actor, co- founder, Bold Care, said.
Bold Care, which focuses on men’s sexual health products, expanded into women’s wellness in October 2024 with the launch of Bloom, a brand addressing areas such as sexual health, personal hygiene, menopause, period care, nutrition, pregnancy, and hair removal. The company plans to use the funding to expand its research and development, scale its digital presence, and introduce new products.