Facebook Co-Founder's Firm to Back Indian Sexual Health Startup Mojocare

    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.
    By: BLOOMBERG
    | Updated on: Aug 23 2022, 15:52 IST
    Trojan virus: 9 Android Apps flagged; your Facebook password is under threat from hackers
    Trojan virus: 9 Android smartphone apps were flagged by the cyber security firm that you must beware of and delete immediately as they can steal your Facebook password.
    1/12 Trojan virus: 9 Android smartphone apps were flagged by the cyber security firm that you must beware of and delete immediately as they can steal your Facebook password. (MINT_PRINT)
    This development will shock every Android smartphone owner. A cyber security firm has warned about Trojan virus on 9 Android Apps that can cause immense loss. The malicious malware is being used by hackers who upload their apps on Google Play Store from where unsuspecting users then download them on their smartphones. These hackers have different ways to bypass Google’s security gates.  Find and delete them: These 9 Android apps can steal Facebook users’ login names and even passwords! These Android apps have infected more than 5,856,010 users' smartphones, according to Doctor Web. To protect yourself from these malicious Android apps, you must find out if they are there on your smartphone and delete them immediately.
    2/12 This development will shock every Android smartphone owner. A cyber security firm has warned about Trojan virus on 9 Android Apps that can cause immense loss. The malicious malware is being used by hackers who upload their apps on Google Play Store from where unsuspecting users then download them on their smartphones. These hackers have different ways to bypass Google’s security gates.  Find and delete them: These 9 Android apps can steal Facebook users’ login names and even passwords! These Android apps have infected more than 5,856,010 users' smartphones, according to Doctor Web. To protect yourself from these malicious Android apps, you must find out if they are there on your smartphone and delete them immediately.
    How Facebook account passwords were stolen: Doctor Web’s malware analysts said that these Android apps are stealer trojans and were spread as harmless software. When they were being downloaded from Play Store, users were asked to log onto their Facebook accounts in order to get access to all of the apps’ functions. Users were shown the standard Facebook login page which made it seem genuine. Hackers then managed to access user’s Facebook credentials.   In fact, Dr Web had found 10 trojan apps, but out of these, 9 were available on the Google Play Store.
    3/12 How Facebook account passwords were stolen: Doctor Web’s malware analysts said that these Android apps are stealer trojans and were spread as harmless software. When they were being downloaded from Play Store, users were asked to log onto their Facebook accounts in order to get access to all of the apps’ functions. Users were shown the standard Facebook login page which made it seem genuine. Hackers then managed to access user’s Facebook credentials.   In fact, Dr Web had found 10 trojan apps, but out of these, 9 were available on the Google Play Store.
    Processing Photo by the developer chikumburahamilton
    4/12 Processing Photo by the developer chikumburahamilton (Dr Web)
    App Lock Keep from the developer Sheralaw Rence
    5/12 App Lock Keep from the developer Sheralaw Rence (Dr Web)
    Rubbish Cleaner from the developer SNT.rbcl
    6/12 Rubbish Cleaner from the developer SNT.rbcl (Dr Web)
    Horoscope Daily from the developer HscopeDaily momo
    7/12 Horoscope Daily from the developer HscopeDaily momo (Dr Web)
    Horoscope Pi from the developer Talleyr Shauna
    8/12 Horoscope Pi from the developer Talleyr Shauna (Dr Web)
    App Lock Manager from the developer Implummet col
    9/12 App Lock Manager from the developer Implummet col (Dr Web)
    Lockit Master from the developer Enali mchicolo
    10/12 Lockit Master from the developer Enali mchicolo (Dr Web)
    Inwell Fitness from the developer Reuben Germaine
    11/12 Inwell Fitness from the developer Reuben Germaine (Dr Web)
    PIP Photo by the developer Lillians
    12/12 PIP Photo by the developer Lillians (Dr Web)
    Eduardo Saverin
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    Mojocare has raised $20.6 million backed by B Capital Group, the venture capital firm set up by Facebook Inc. co-founder Eduardo Saverin. (Bloomberg)

    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.

    Started by Ashwin Swaminathan and Rajat Gupta in 2021, Mojocare helps consumers address issues including reproductive health and fertility, hair care and weight loss through an online platform that includes product sales and personalized consultations with doctors, therapists and nutritionists, the release shows.

    The company's founders “are solving one of the largest problems in consumer health and wellness and can radically transform the way people think about specialty wellness,” said Karan Mohla, partner at B Capital, in the release. “They are attracting the best talent in the country and their patient experience and care layer is inspiring.”

    Founded in 2015 by Saverin and Ganguly, B Capital seeks to help startups gain scale and transform their industries, backing them from seed investments to a potential initial public offering, its website shows. It counts about $6.5 billion in assets under management and more than 125 portfolio companies.

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    First Published Date: 23 Aug, 15:52 IST
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