Mumbai-based startup Bold Care secures undisclosed investment
The funds have been received from array of strategic investors including, Rajesh Ranavat, Abhishek Shah, Kabir Kochhar, and Mohit Satyanand
Bold Care, a men's health and wellness platform serving a large market dedicated towards men, raised an undisclosed pre-seed round of fundraising from an array of strategic investors including, Rajesh Ranavat, the Executive Director at Fung Strategic Investments, Abhishek Shah, founder of leading digital marketing agency, ConsumerX, Kabir Kochhar, former founding partner at The Glitch, and Mohit Satyanand.
Founded in 2019 by Rajat Jadhav, Rahul Krishnan, Harsh Singh and Mohit Yadav, Bold Care is a digital platform that offers free sexologist consultations and discreet delivery of holistic sexual wellness kits.
"Healthcare has always been a primary focus for Rajat and Rahul who started an epharmacy back in 2015, which was one of the earliest startups in the space. Bold Care has come together through their learnings and intent to create a positive change in a largely untapped issue of men's sexual wellness with an endeavor to further expand to 360 degree customized health and wellness solutions for men. The venture is also being supported as part of Gurgaon-based leading incubator, Huddle, who have been incubating and advising Bold Care since its early inception, as part of their diverse portfolio and tailor-made support functions to help grow promising startups," the plaform said in a statement.
Talking about the fundraise, Rajesh Ranavat said, “What attracted me to Bold Care was the very clear vision and passion of the founding team targeting the men‟s health and wellness space where the concept to an operational model was implemented in record time. Bold Care has come up with an easily accessible digital solution backed by professional consultation and high quality medication where the client can consult under full confidentiality. The launch of this platform has come at the right time where telemedicine will become a more acceptable means for interaction between doctors and patients. The platform has the ability to substantially scale up into adjacent areas of opportunity. I am very excited to be part of Bold Care's journey and future prospects, and it has been an energizing experience interacting with Rajat and the founding team.”
“The men's health and wellness space is covered in mystery and largely inefficient in India,” highlighted Bold Care co-founder, Rajat Jadhav. He further added, “At Bold Care, we have created the easiest way for men to get free consultations with licensed andrologists and personalised treatment plans delivered. Our holistic plans include scientifically-backed prescription medicines and natural supplements. Usually, sexual problems are symptoms of serious health conditions such as heart ailments. We aim to help men find a lasting, permanent solution, and treat the symptoms as well as highlight the underlying causes. Through features that include monthly follow ups with our customers, we can make necessary adjustments to their plans.”
“Advising the team has been a breeze due to their unity, hardwork and the evident 'Why' in what they are doing, hence, for us to invest in them, was to join them alongside other strategic investors to build towards this change,” said Sanil Sachar, founding partner, Huddle. He further added, ”working with the team through their initial days, what was evident to us from their hands on approach to solve these problems was that 90% of men never take a consultation for their health. From day one, all four founders have worked with phenomenal vigor to build a venture for men to fully understand and appreciate themselves, and have a safe place to open up before anything goes wrong. As a country, we are moving quickly towards more preventive healthcare measures rather than just curative, and that‟s where Bold Care finds itself working to make a positive impact.”
All of Bold Care‟s treatment plans and products are designed by their Medical Advisory Board a panel of doctors who have worked extensively on different aspects of men's health and wellness such as andrology, fertility, and urology to name a few.
Dr. S.S. Vasan, a member of Bold Care‟s Medical Board, is the President of the South Asian Society for Sexual Medicine and the Chief Medical Officer at Manipal Fertility. Talking about Bold Care, Dr. Vasan said, “When I first interacted with Rajat, I was thoroughly impressed with their vision for the company. Together, in the coming months, we will be building high-quality products to address every aspect of men‟s health such as heart health, immunity, improved sleep and other such issues that are spurred within the body.”
Bold Care‟s treatment plans have been effective for almost 95% of their users who seek comfort with the entire experience. In addition to providing quality products, giving users an easy, friendly experience throughout their journey has been their communication since inception and this is evident with Bold Care‟s rising customer retention of 70% which is growing steadily each month.
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