Full-stack health and wellness startup Mojocare has raised $20.6 million (Rs 160 crore) in a Series A funding round led by B Capital and existing investors Chiratae Ventures, Sequoia India’s Surge, and Better Capital.

Some of India’s top angel investors and leading industry giants including Vineet Jain (MD at Times Group), Kunal Shah (Founder of CRED), Ankit Nagori (Founder of Curefoods), Vivekananda HR (CEO and Founder of Bounce), and Adrian Auon (Founder and CEO of Forward), also participated in the funding round.

As per the startup, the raised funds will be used to expand the product, content, and care delivery teams, strengthen and diversify the product portfolio, and scale across omnichannel GTMs with a distribution-first approach.

Mojocare | Neo Clinic Focused On Specialty Wellness

Founded by Ashwin Swaminathan and Rajat Gupta in May 2021, Mojocare is a neo clinic focused on speciality wellness – sexual wellness, PCOS and fertility, mental wellness, skin, hair and weight – conditions.

Speaking about the development, Rajat Gupta, Co-Founder of Mojocare, said,

“In India, 400 million users are battling issues related to dermatological, mental health, fertility, and women’s and sexual wellness. Consumers have a serious lack of trust in them, and access is severely limited due to a nearly nonexistent care layer. The prevalence of unskilled and dishonest health professionals is alarming, and the likelihood of counterfeit products sold offline is considerable.”

Mojocare’s personalised care delivery system assists users in managing chronic and lifestyle-driven illnesses across specialised wellness.

Ashwin added that Mojocare is taking a very distribution-first approach to unlock this latent market and drive top of the funnel through credible clinical content, access to experts and a digital engagement-led user journey.

Commenting on the funding, Karan Mohla, Partner at B Capital, said,

“We are thrilled to back what is emerging as a neo healthcare delivery system across emerging markets for conditions where the care value chain is fundamentally broken by leveraging technology and data across a full stack offering.”

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