Mosaic Wellness has secured Rs 200 crore in a fresh funding round led by alternative asset manager 360 ONE Asset, signalling renewed investor faith in India’s digital health and consumer wellness sector. Early backer Spring Marketing Capital has partially exited its stake while retaining a holding in the company.
Use of proceeds and expansion plans
The Mumbai-headquartered startup will deploy the capital to broaden its consumer health footprint, invest in digital infrastructure, and strengthen its product portfolio. The funds are also earmarked to scale Mosaic’s direct-to-consumer brands across India and pursue new opportunities within the broader health and wellness ecosystem.
Digital-first brands and service model
Founded in 2020, Mosaic Wellness operates several digital-first wellness brands, including Man Matters, Be Bodywise, Little Joys and Root Labs, covering categories such as hair care, skincare, nutrition and children’s wellness.
The company combines online medical consultations with personalised healthcare products. Users can consult affiliated doctors and receive customised treatment plans and products. Mosaic now partners with a network of more than 150 doctors and facilitates in excess of 100,000 consultations every month, positioning it as a significant player in India’s D2C health segment.
Financial performance
Mosaic reported a sharp rise in operating revenue to about Rs 736 crore in FY25 from Rs 333 crore in FY24, reflecting robust demand for its digital health services and products. At the same time, the company has improved efficiency: net losses narrowed by nearly 69% to around Rs 12 crore in FY25, indicating tighter cost management as it scales operations.
Market context
The investment comes amid accelerating investor interest in India’s digital health and wellness space, driven by rising consumer adoption of online healthcare services and the expansion of D2C wellness brands. The fresh capital is likely to support Mosaic’s push to capture larger market share while enhancing its technology and product capabilities.
