Total amount raised
$35.2 Millions
Latest funding date
12/1/2021
Location
Mosaic Wellness has successfully garnered significant attention from investors, securing funding from notable names such as Spring Marketing Capital and Elevation Capital. The company is dedicated to providing cruelty-free and natural products for beauty and wellness.
Keep reading to delve into the details of Mosaic Wellness's funding journey and the investors who believe in their mission to simplify health solutions through technology and customer-centric products.
What Is Mosaic Wellness?
Mosaic Wellness, founded in December 2019 by Dhyanesh Shah and Revant Bhate, is headquartered in Mumbai, Maharashtra, India. The company focuses on providing cruelty-free and natural products for beauty and wellness.
They operate digital health clinics tailored for men, women, and parents through their platforms Man Matters, Bodywise, and Little Joys. These platforms offer personalized health solutions to help individuals lead healthier lives.
With a team of 251-500 employees, Mosaic Wellness is dedicated to simplifying health solutions using cutting-edge technology and customer-first products.
How Much Funding Has Mosaic Wellness Raised?
- Seed Round
- Amount Raised: $10M
- Date: November 2019
- Lead Investors: Elevation Capital, Peak XV Partners, Z47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's foundation and launch its initial digital health platforms.
- Non-Equity Assistance
- Amount Raised: -
- Date: September 2020
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources from Google for Startups.
- Series A
- Amount Raised: ₹1.8B (approximately $24M)
- Date: November 2021
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support overall growth and expansion of the company's digital health platforms.
- Venture Round
- Amount Raised: $1.3M
- Date: December 2021
- Lead Investors: Spring Marketing Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To focus on brand building and scaling the company's digital health clinics.
Total Amount Raised: $35.3M. Current Valuation: Not publicly disclosed.
Key Investors
- Spring Marketing Capital
- Details: Spring Marketing Capital is a marketing-led strategic partnership firm. It launched the 'Skin in the Game' fund with a corpus of $20 million.
- Investment Focus Areas: Marketing, brand building
- Notable Investments: Purplle, Juicy Chemistry, Bewakoof
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that focuses on early and growth-stage investments. They led the Series A funding round for Mosaic Wellness.
- Investment Focus Areas: Early-stage investments, growth-stage investments
- Notable Investments: Not publicly disclosed
- Google for Startups
- Details: Google for Startups provides resources and support to technology startups. They offered non-equity assistance to Mosaic Wellness.
- Investment Focus Areas: Technology startups
- Notable Investments: Not publicly disclosed
- Elevation Capital
- Details: Elevation Capital is a venture capital firm that invests in early-stage and growth-stage technology and consumer businesses. They were a lead investor in the seed round for Mosaic Wellness.
- Investment Focus Areas: Technology, consumer businesses
- Notable Investments: Not publicly disclosed
- Z47
- Details: Z47 is a venture capital firm that participated in the seed round for Mosaic Wellness. Specific details about their focus areas and notable investments are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for Mosaic Wellness?
Mosaic Wellness stands at the cusp of significant growth opportunities, driven by its strategic partnership with Spring Marketing Capital. With the 'Skin in the Game' fund's $20 million corpus, the company is well-positioned to enhance its brand and scale its digital health platforms. Serving over 100,000 customers monthly and generating annualized revenues of $14 million, the potential for expansion is substantial.
Future fundraising efforts are likely to attract continued support from existing investors like Sequoia Capital India and Elevation Capital, alongside new investors drawn by the company's robust growth metrics. However, challenges such as maintaining high user engagement and navigating competitive pressures in the digital health market could pose hurdles. Ensuring quality and consistency in services while scaling operations will be crucial for sustained success.
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