Client well being platform Mosaic Wellness has raised Rs 200 crore (about $21 million) in major capital from different asset supervisor 360 ONE Asset, with early backer Spring Advertising and marketing Capital securing a partial exit by way of a secondary transaction.
The recent capital will likely be used to speed up investments throughout rising alternatives within the client well being and wellness ecosystem, the corporate stated.
Based in 2020 by Revant Bhate and Dhyanesh Shah, the Thane-based startup operates a portfolio of digital-first client well being manufacturers, together with Man Issues, Be Bodywise, Little Joys, and Root Labs. These platforms provide telemedicine consultations, dietary supplements, and wellness merchandise focused at males, girls and kids. Root Labs focuses on nutrient gummies constituted of pure components equivalent to ashwagandha, shilajit, turmeric and sea moss.
Mosaic Wellness stated its platform serves greater than six million customers yearly throughout classes together with hair well being, physique care, diet, health and kids’s wellness. The corporate gives consultations by way of a community of over 150 docs and conducts greater than 100,000 consultations every month.
The funding marks the entry of 360 ONE Asset into the corporate’s cap desk alongside current traders Elevation Capital, Peak XV Companions, Z47 and Assume Investments. Spring Advertising and marketing Capital will proceed to retain a stake within the firm after the partial exit. Up to now, Mosaic Wellness has raised about $84 million in funding, together with a $20 million Sequence C spherical led by Assume Investments.
Financially, the corporate reported sturdy development within the monetary yr 2024-25 (FY25). Working income elevated 2.2X to Rs 736 crore from Rs 333 crore in FY24, whereas consolidated internet loss narrowed considerably. Mosaic Wellness decreased its internet loss by round 69% to about Rs 12 crore in FY25, in contrast with roughly Rs 38.8 crore within the earlier fiscal yr, as income development outpaced the rise in bills and margins improved. The corporate stated it has been worthwhile for greater than a yr.