Dr. Mantra Secures $200,000 in Bridge Funding Round Led by Founders of Sirona FemTech Brand
- ByStartupStory | August 10, 2023
Dr. Mantra, an Indian ayurvedic wellness direct-to-consumer (D2C) brand, has successfully secured $200,000 in a bridge funding round led by Deep Bajaj and Mohit Bajaj, the founders of FemTech brand Sirona.
The funds raised in this round will be utilized for expanding the business, with a goal to double its operations prior to embarking on a Series A funding round. Dr. Mantra, established in 2021 by Takki Zain and Shivansh Jain, focuses on assisting patients in managing various health concerns, with a particular specialization in addressing kidney stones.
The startup aims to blend traditional Ayurvedic knowledge with modern medical approaches, and has already made an impact on more than 20,000 patients over the past 2.5 years.
Before this recent funding, Dr. Mantra had already secured Rs. 1.25 crore from Sanjay Mehta and his team at 100X.vc.
Takki Zain, said, “I am absolutely delighted to have Deep and Mohit on board with us. Their invaluable support serves as a great source of motivation for us to continue our work in the industry. At Dr. Mantra, we take pride in being part of a purpose-driven brand that not only speaks its values but also lives them every day. Thanks to our dedicated team, without whom this wouldn’t have been possible.”
Commenting on the investment, Deep Bajaj, Co-founder and CEO of Sirona, said, “The unwavering determination of the founders to build a profitable venture truly impressed us. Such companies, whose founders are focused on growing the company based on customer love and trust, have the potential for immense success. Any team working with the right values is destined for greatness.”
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