Ranveer Singh Becomes Co-Owner as He Invests in Sexual Health Startup, Bold Care
- ByStartupStory | December 1, 2023
Bollywood celebrity Ranveer Singh has recently become a co-owner of Bold Care, a sexual health and wellness startup, as revealed by the company on December 1.
However, specific details regarding Singh’s investment amount or the extent of his stake in the company have not been disclosed.
Bold Care, headquartered in Bengaluru, has garnered widespread attention by venturing into a category that typically carries a stigma and is considered unconventional, attributing this shift in focus to Singh’s involvement. Singh expressed his commitment to normalize conversations stating,“I am pleased to come on board as the face and co-owner of Bold Care. We are committed towards normalising conversations about sexual health and wellness, a topic that traditionally comes with stigma and taboo. People, especially men, are misinformed and shy to seek help.”
Singh’s venture into startup investments began with SUGAR Cosmetics, a direct-to-consumer brand. Meanwhile, reports suggest that his wife, actress Deepika Padukone, is an active investor in multiple startups, spanning industries like furniture rentals, yogurt production, electric taxis, and aerospace technology.
The actor emphasized the urgent need for greater openness and acceptance regarding sexual health and wellness within Indian society. He highlighted his past endorsement of a condom brand early in his career and underscored the significance of this current investment, emphasizing the necessity within a society known for its high levels of sexual activity
Bold Care, founded in 2021, has achieved significant milestones, boasting an annual recurring revenue of Rs 40 crore. Within a span of 10 months since its launch, the company sold over 3 lakh units of condoms and processed more than 15 lakh orders.
Bold Care’s CEO, Rajat Jadhav, hailed Singh’s involvement in the business as “incredible,” envisioning a monumental partnership shaping up with the actor on board. He stated, “We have announced Ranveer (Singh) as the co-owner at Bold Care. His involvement over the past year has been nothing short of incredible, deeply engaging in every facet of our business. This is going to be an iconic partnership.”
Jadhav highlighted Bold Care’s objective of normalizing discussions surrounding men’s health, especially sexual health, aligning strongly with Singh’s passionate commitment from the outset.
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