Ritesh D Ritelin, the founder of Manzuri, the Goa-based entrepreneur told finance influencer Sharan Hegde on an episode of the 1% Club recently that he sells orgasms for a living. Holding a 70% stake in Manzuri, his personal net worth is estimated to be between ₹10 to ₹12 crore.
Ritelin is the founder of Manzuri, a startup that sells pleasure products to women, aiming to break the taboo around sex. However, he faces obstacles in destigmatizing conversations about sexual health and wellness.
“When we started in 2019-2020, there was no player in the market where women could go and find a trustworthy and reliable source to purchase sex toys from,” he told Hegde.
Hegde added, “So I have to call it a wellness startup and not a sex toy company because the Indian government does not acknowledge the existence of sex toys. Like, maybe a decade behind when it comes to pleasure tech,”
The founder based in Goa has successfully built a business with Manzuri. In a 1% Club YouTube video, he discussed his finances, stating that his liquid net worth is ₹1.5 crore, while his non-liquid assets are valued between ₹8.5 to ₹9.5 crore.
He also disclosed that he spends approximately ₹40 lakh per year, as he serves as the founder and CEO of Porcellia, a direct-to-consumer wellness company.
Social Media Reaction:
One user noted that Ritesh Ritelin aims to "democratize pleasure and destigmatize sex" through Manzuri.
He further added that he highlighted the relationship between the orgasm gap and issues like the gender pay gap, underrepresentation, and patriarchy. These are the problems Manzuri will work to solve in the future.
Ritesh explained, “Do you know what the orgasm gap is, and how closely related it is to issues such as the gender pay gap, underrepresentation, and patriarchy in a society? These are the kind of problems that Manzuri will be trying to solve in the coming years,