Health and wellness platform Mosaic Wellness has announced that it has secured $24 million in the Sequoia Capital India led series A funding round. Existing investors including Matrix Partners India and Elevation Capital also participated in the funding round.
Speaking on the investment, Co-founder and CEO of Revant Bhate, commented, “We started with a vision to make wellness accessible and affordable for Indians and have been able to build a very purpose-driven team, keen to solve for this. As we have validated our initial thesis, we are thankful to all the stakeholders who have helped us get to this stage and continue to aspire to help more of us lead a healthier lifestyle in the coming decade”.
“Over the last 18 months, the company has executed brilliantly, growing almost 10X in terms of users and revenue. It’s a testament to the clear white space for digital-first health clinics in India and the strong value proposition the company has built for both men and women across multiple treatment areas. Sequoia Capital India is excited to deepen the partnership and for the journey ahead,” added Abhishek Mohan, Principal – Sequoia India.
Mukul Arora, Managing Director at Elevation Capital, said, “We partnered with Revant and Dhyanesh at the paper plan stage, and their DNA of building consumer-first propositions was quite evident even at that time. Since then, it’s been very exciting to see how they have executed, built a solid team, and expanded the vision to solve a very hard problem of providing a digital health coach remotely via technology at scale.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.