Health Update: Consumer health platform Mosaic Wellness raises Rs 200 crore in funding – What Experts Say

Consumer health platform Mosaic Wellness has raised Rs 200 crore (about $21 million) in primary capital from alternative asset manager 360 ONE Asset, with early backer Spring Marketing Capital securing a partial exit through a secondary transaction.

The fresh capital will be used to accelerate investments across emerging opportunities in the consumer health and wellness ecosystem, the company said.

Founded in 2020 by Revant Bhate and Dhyanesh Shah, the Thane-based startup operates a portfolio of digital-first consumer health brands, including Man Matters, Be Bodywise, Little Joys, and Root Labs. These platforms offer telemedicine consultations, supplements, and wellness products targeted at men, women and children. Root Labs focuses on nutrient gummies made from natural ingredients such as ashwagandha, shilajit, turmeric and sea moss.

Mosaic Wellness said its platform serves more than six million consumers annually across categories including hair health, body care, nutrition, fitness and children’s wellness. The company provides consultations through a network of over 150 doctors and conducts more than 100,000 consultations each month.

The investment marks the entry of 360 ONE Asset into the company’s cap table alongside existing investors Elevation Capital, Peak XV Partners, Z47 and Think Investments. Spring Marketing Capital will continue to retain a stake in the company after the partial exit. To date, Mosaic Wellness has raised about $84 million in funding, including a $20 million Series C round led by Think Investments.

Financially, the company reported strong growth in the financial year 2024-25 (FY25). Operating revenue increased 2.2X to Rs 736 crore from Rs 333 crore in FY24, while consolidated net loss narrowed significantly. Mosaic Wellness reduced its net loss by around 69% to about Rs 12 crore in FY25, compared with roughly Rs 38.8 crore in the previous fiscal year, as revenue growth outpaced the rise in expenses and margins improved. The company said it has been profitable for more than a year.