360 ONE Asset leads fresh investment in consumer health platform
Consumer health platform Mosaic Wellness has raised Rs 200 crore (approximately $21 million) in primary capital from alternative asset manager 360 ONE Asset. The transaction also included a partial exit for early investor Spring Marketing Capital. The fresh capital will be used to accelerate investments across emerging opportunities in the consumer health and wellness ecosystem while strengthening the company’s digital healthcare platform.
Building a portfolio of digital-first health brands
Founded in 2020, Mosaic Wellness operates several digital-first consumer health brands including Man Matters, Be Bodywise, Little Joys, and Root Labs. The platform serves more than six million consumers annually across multiple categories such as hair health, body care, nutrition, fitness, and children’s wellness. Mosaic Wellness also provides teleconsultation services through a network of over 150 doctors and conducts more than 100,000 consultations each month.
Strengthening platform scale and market presence
The company has been profitable for more than a year and plans to use the new capital to expand its product ecosystem and strengthen its position in India’s rapidly growing consumer health market. The investment also adds 360 ONE Asset to Mosaic Wellness’ cap table alongside existing investors Elevation Capital, Peak XV Partners, Z47, and Think Investments. With this round, the startup has raised a total of $84 million in funding to date.
Strong revenue growth and improving profitability
Mosaic Wellness has reported strong financial performance in recent years. Its operating revenue grew 2.2 times to Rs 736 crore in FY25 from Rs 333 crore in FY24. As revenue growth outpaced the rise in operating expenses, the company reduced its net loss by 69% to Rs 12 crore in FY25. The secondary transaction also delivered returns to Spring Marketing Capital, which continues to retain a portion of its stake.
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