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Sexual wellness brand Bold Care’s net loss for the fiscal year ending March 31, 2025 (FY25) zoomed 202% to ₹58.3 Cr from ₹19.3 Cr loss incurred in the previous fiscal at the behest of growing expenses.
The startup’s operating revenue for the period under review also surged 2.4X to ₹79.5 Cr from ₹33 Cr in FY24. In this, domestic sales contributed ₹79.4 Cr while the remainder ₹9.1 Lakh came from export sales.
Including an other income of ₹42 Lakh, which came largely from shipping income, interest income and sale of scrap, the startup’s total income rose 2.3X Y-o-Y to ₹79.9 Cr.
Bold Care’s cofounder and CEO Rajat Jadhav told Inc42 that the sexual wellness brand saw the greatest traction for its products on quick commerce platforms, leading to a hefty contribution to the startup’s top line.
The startup is expecting to sustain this growth in the ongoing fiscal year FY26. “We are seeing the growth continue in FY26 at a similar rate to the past years, with significant improvements in the bottom line,” Jadhav said.
Founded in 2019 by Jadhav, Rahul Krishnan, Harsh Singh and Mohit Yadav, Bold Care started as a D2C men’s health and wellness startup, selling products like condoms, lubes, chewables and gummies. The startup onboarded actor Ranvir Singh as its cofounder in 2023.
The D2C brand sells its products via its website, Amazon, Flipkart, and quick commerce platforms such as BlinkIt, Swiggy Instamart, and Zepto, among others.
It forayed into the women’s health and wellness space with the roll out of a new brand Bloom in October 2024, to offer solutions focused on women’s health issues with products in the range of sexual health, menopause supplements, personal hygiene and period care.
The startup has raised over $5 Mn from investors like Rainmatter, Huddle, Sharrp Ventures, Gruhas Collective Consumer Fund, Claris Capital, among others.
Magnifying Bold Care’s Spending
Bold Care expenditure in FY25 stood at ₹138.2 Cr, marking a 2.6X from ₹53.9 Cr in the year ago. Here’s a breakdown of the major expenses of the startup:
Employee Benefit Expenses: These expenses, which account for employee salaries, directors’ remuneration, rose 149% to ₹10.5 Cr in FY25, from ₹4.2 Cr spent in the previous year.
Purchase of Stock-In-Trade: Costs under this head, which constituted 22% of Bold Care’s expenses for the fiscal, stood at ₹30.7 Cr, a more than 2X from ₹14.9 Cr spent in FY24.
Advertising & Marketing Expenses: Comprising the biggest portion of the overall expenditure of 28%, Bold Care spent ₹38.4 Cr in the year under review, increasing 174% from the previous year’s cost of ₹14 Cr.
The post Bold Care FY25: Loss Widens 3X To ₹58.3 Cr, Revenue Jumps 2.4X appeared first on Inc42 Media.
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