Indian health-tech startup Mojocare is near elevating about $20 million in a collection A spherical led by B Capital Group, the enterprise capital agency arrange by Facebook Inc. co-founder Eduardo Saverin and Raj Ganguly, in keeping with individuals acquainted with the matter.
Existing traders together with Sequoia India, Chiratae Ventures and Better Capital are contemplating taking part within the spherical, which could possibly be introduced as quickly as Tuesday, the individuals stated. The Bangalore-based firm plans to make use of the proceeds to additional increase and diversify its product portfolio, the individuals stated, asking to not be recognized as a result of the matter is personal.
Mojocare helps shoppers deal with points together with reproductive well being and fertility, hair care and weight reduction by an internet platform that features product gross sales, consultations with docs and customised therapy plans, in keeping with its web site.
Spokespeople for Mojocare and Sequoia India declined to remark, whereas representatives for B Capital, Chiratae and Better didn’t instantly reply to queries.
Founded in 2015 by Saverin and Ganguly, B Capital seeks to assist startups achieve scale and rework their industries, backing them from seed investments to a possible preliminary public providing, its web site reveals. It counts about $6.5 billion in property beneath administration and greater than 125 portfolio corporations.
