Facebook Co-Founder’s Firm to Back Indian Sexual Health Startup
- Mojocare raised $20.6 million in round led by B Capital Group
- Health-tech firm plans to use proceeds to help expand products
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Indian health-tech startup Mojocare has raised $20.6 million in a series A round led by B Capital Group, the venture capital firm set up by Facebook Inc. co-founder Eduardo Saverin and Raj Ganguly.
Existing investors including Sequoia India’s Surge, Chiratae Ventures and Better Capital also participated in the round, according to a press release confirming a Bloomberg News report. The Bangalore-based company plans to use the proceeds for purposes including expanding its teams and further diversifying its product portfolio.