Thane-based startup Mosaic Wellness has successfully raised ₹200 Cr in primary capital from 360One Asset, with additional undisclosed secondary funding, marking a significant milestone in the health-tech industry.
The funding round facilitated a partial exit for early investor Spring Marketing Capital, showcasing the startup’s growth trajectory.
Founded in 2020 by Revant Bhate and Dhyanesh Shah, Mosaic Wellness operates popular digital health platforms including Man Matters, Be Bodywise, and Little Joys, catering to men, women, and children with a range of wellness products and telemedicine services.
The capital injection will enable Mosaic Wellness to expand its strategic plans within the consumer health and wellness sector, allowing the company to capitalize on emerging opportunities and enhance its service offerings.
360One Asset’s entry into Mosaic Wellness’ investor lineup alongside Elevation Capital, Peak XV Partners, Z47, and Think Investments reflects the industry’s confidence in the startup’s potential.
Mosaic Wellness demonstrated robust revenue growth and margin improvement in the previous fiscal year, significantly reducing its net loss while achieving remarkable top-line growth, signaling a positive trajectory for the health-tech player.
Source: Inc42 Media