Mumbai-based consumer health startup Mosaic Wellness has secured Rs 200 crore (about $21 million) in a funding round led by alternative asset manager 360 ONE Asset, underlining renewed investor interest in India’s expanding digital health and wellness sector. Early backer Spring Marketing Capital has partially exited while retaining a stake in the company.
Planned use of funds and strategic priorities
The company will deploy the fresh capital to deepen its presence across the consumer health ecosystem, invest in digital infrastructure, broaden its product portfolio and scale its direct-to-consumer (D2C) brands nationwide. Executives say the funding will support technology upgrades, marketing and supply-chain enhancements to accelerate growth.
Portfolio of digital-first wellness brands
Founded in 2020, Mosaic Wellness operates a cluster of digital-first brands focused on different personal-health categories, including Man Matters (men’s health), Be Bodywise (skincare), Little Joys (children’s wellness) and Root Labs (nutrition and supplements). These brands address hair care, skincare, nutrition and paediatric wellness through D2C channels.
The company combines online medical consultations with personalised product solutions. Users can access teleconsultations and receive customised treatment plans and formulations. Mosaic Wellness currently partners with a network of more than 150 licensed doctors and facilitates over 100,000 consultations every month, positioning it as a notable player in India’s telehealth-to-D2C model.
Financial performance and outlook
Mosaic Wellness reported operating revenue of about Rs 736 crore in fiscal 2025, up from Rs 333 crore in fiscal 2024, reflecting sharp revenue acceleration as consumer adoption of digital health services grows. Concurrently, the company narrowed its net loss by roughly 69% to around Rs 12 crore in FY25, signalling improving unit economics and tighter cost control as it scales.
With stronger top-line growth, shrinking losses and fresh capital from 360 ONE Asset, Mosaic Wellness is positioned to expand its consumer health offerings and consolidate its foothold in India’s rapidly growing wellness market. The funding round also contributes to broader investor confidence in digital health startups that integrate telemedicine with personalised consumer products.
