Mosaic Wellness Secures $20 Mn Funding From Think Investments

Health and wellness startup Mosaic Wellness which runs brands like Man Matters and Be Bodywise, has raised Rs 175 crore (around $20 million) from early stage investor Think Investment.

Mosaic Wellness has decided to raise Rs 175 crore (around $20 million) by issuing 16,279 compulsory convertible preference shares, each priced at Rs 1,07,500, according to a regulatory filing with the Registrar of Companies (RoC).

The company plans to use the funds for growth, expansion and general business needs.

Earlier, the company raised Rs 178 crore ($24 million) in a round led by Peak XV Partners, with support from Elevation Capital and Matrix Partners India.

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About Mosaic Wellness 

Founded in 2020 by Revant Bhate and Dhyanesh Shah, the Mumbai-based Mosaic Wellness runs digital health clinics focused on consumers. It operates three platforms: Manmatter for men, Be Bodywise for women and Little Joys for parents and children.

The platforms provide online doctor consultations, health supplements, and other wellness products.

The company earned Rs 333 crore in operating revenue in FY24, a 62% increase from the previous year. It also reduced its losses to Rs 39 crore, down from Rs 62 crore in FY23.

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