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

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
Eduardo Saverin
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)
Eduardo Saverin
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.
Eduardo Saverin
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.
Eduardo Saverin
4/12 Processing Photo by the developer chikumburahamilton (Dr Web)
Eduardo Saverin
5/12 App Lock Keep from the developer Sheralaw Rence (Dr Web)
Eduardo Saverin
6/12 Rubbish Cleaner from the developer SNT.rbcl (Dr Web)
Eduardo Saverin
7/12 Horoscope Daily from the developer HscopeDaily momo (Dr Web)
Eduardo Saverin
8/12 Horoscope Pi from the developer Talleyr Shauna (Dr Web)
Eduardo Saverin
9/12 App Lock Manager from the developer Implummet col (Dr Web)
Eduardo Saverin
10/12 Lockit Master from the developer Enali mchicolo (Dr Web)
Eduardo Saverin
11/12 Inwell Fitness from the developer Reuben Germaine (Dr Web)
Eduardo Saverin
12/12 PIP Photo by the developer Lillians (Dr Web)
Eduardo Saverin
View all Images
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.

Follow HT Tech for the latest tech news and reviews , also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 23 Aug, 15:52 IST
Tags:
NEXT ARTICLE BEGINS