Breaking News: Mosaic Wellness Secures ₹175 Crore Funding
Mosaic Wellness, a leading player in the health and wellness sector known for brands such as Manmatters and Be Bodywise, has announced a significant investment of ₹175 crore (approximately $20 million) from Think Investment. This funding round was authorized by the company’s board, which will be issuing 16,279 compulsory convertible preference shares at ₹1,07,498 each, as detailed in filings from Tofler.
Founded in 2020 by Revant Bhate and Dhyanesh Shah, Mosaic Wellness operates as a full-stack digital health clinic provider. The company is primarily focused on consumer-centric healthcare, running three specialized clinics: Manmatters for men’s health, Be Bodywise for women’s health, and Little Joys catering to families.
Prior to this, Mosaic Wellness secured ₹178 crore in its previous funding round, which was led by Peak XV Partners with contributions from existing investors, including Elevation Capital and Matrix Partners India. To date, the company has raised a total funding amounting to $48 million.
In terms of performance, the Mumbai-based startup demonstrated robust growth, posting an operating revenue of ₹333 crore during FY24—a 62% increase year-on-year. Furthermore, the company narrowed its losses to ₹39 crore compared to ₹62 crore in FY23, indicating improved financial health and operational efficiency.
The health and wellness sector has been thriving, as evidenced by several recent funding activities, including Allo Health and Bold Care, showcasing a rising trend in health-centric investments.
As health needs evolve, funds like these will help innovators like Mosaic Wellness expand their reach and impact within the wellness community.
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