Indian healthtech startup Mojocare is close to raising $20 million in series A funding backed by B Capital Group, the venture capital company founded by Facebook cofounder Eduardo Saverin and Raj Ganguly, according to a Bloomberg report.
The round, which might be disclosed as soon as Tuesday, is likely to see participation from existing investors Sequoia India, Chiratae Ventures, and Better Capital, among others.
What does Mojocare do?
Mojocare helps consumers address issues including reproductive health and fertility, hair care, and weight loss through an online platform that includes product sales, consultations with doctors, and customized treatment plans.
The Bengaluru company intends to use the money to further diversify and widen its product line.
A look at B Capital:
Founded in 2015 by Saverin and Ganguly, B Capital helps startups gain scale and transform their industries. It counts about $6.5 billion in assets under management and more than 125 portfolio companies.
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