Leezu’s, a sexual wellness brand co-founded by renowned sexuality educator Leeza Mangaldas and Bozzil CEO Hanna Strömgren Khan, has secured pre-seed funding from angel investors. Though the amount remains undisclosed, the investment is a strategic step toward scaling their innovative product line, expanding market presence, and enhancing distribution channels.
Launched in 2023, Leezu’s was founded with the mission of creating a pleasure-positive India. The brand aims to eliminate the stigma surrounding sexuality and intimacy by providing locally relevant, high-quality sexual wellness products, such as the popular Pyaari massager, Toofan stroker, and Love Jelly personal lubricant. These products have played a crucial role in the company’s rapid growth, with sales multiplying five times within the first year.
Leeza Mangaldas, Co-Founder of Leezu’s, shared her long-term vision of making sexual wellness products as commonplace as everyday essentials like toothbrushes or face wash. Her goal is to make these products more accessible, affordable, and inclusive for everyone. Mangaldas has been advocating for a world where conversations around pleasure are free from embarrassment, backed by accurate, judgment-free information.
Hanna Strömgren Khan, CEO of Bozzil and Co-Founder of Leezu’s, added that this funding will help scale their product range, grow the team, and optimize the brand’s reach in India. She emphasized the immense market potential for sexual wellness products, which can bring positive changes to people’s lives.
Meanwhile, Flexiloans, a digital lending startup based in Mumbai, raised Rs 290 crore ($35 million) in a funding round led by Accion and Nuveen. The startup plans to use these funds to grow its credit business and expand operations. Flexiloans, founded in 2016 by Deepak Jain and his partners, has disbursed Rs 3,000 crore in loans to small and medium businesses in 2023-24, with plans to increase this to Rs 5,100 crore in the current fiscal year.
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