Facebook co-founder’s firm to back Indian sexual health startup

Indian health-tech startup Mojocare is close to raising about $20 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, according to people familiar with the matter.

Existing investors including Sequoia India, Chiratae Ventures and Better Capital are considering participating in the round, which could be announced as soon as Tuesday, the people said. The Bangalore-based company plans to use the proceeds to further expand and diversify its product portfolio, the people said, asking not to be identified because the matter is private.