Mosaic Wellness, the parent company of health brands Man Matters, Be Bodywise and Little Joys, has raised Rs 200 crore in primary funding from asset management firm 360 One Asset.

Over the course of six years, Mosaic has raised about Rs 460 crore from Elevation Capital, Z47, Peak XV Partners, and Think Investments. Beyond the primary raise, the round also facilitated a partial exit for early investor Spring Marketing Capital. In 2021, Spring had invested about Rs 9.2 crore for a 1.4% stake in Mosaic. The fund has sold roughly half its stake, generating a 6.5x return, or about a 50% IRR over four years, according to sources. Spring helps young startups with brand strategy, performance marketing, and growth.

Started in 2020 by Revant Bhate and Dhyanesh Shah, Mosaic Wellness is a multi-brand consumer health company operating several digital-first wellness brands. Its first two brands, Man Matters and Be Bodywise, function as digital health clinics for men and women, respectively, offering products across categories such as hair loss, body care and general health and fitness with doctor consultations. Mosaic also runs child wellness brand Little Joys and, more recently, USA focused diagnostics and preventive health platform Root Labs. "We started Mosaic Wellness on the belief that every Indian deserves access to credible, science-backed healthcare solutions.

Our next chapter will focus on expanding this mission globally," Revant Bhate, CEO of Mosaic said. With annual revenue of Rs 749 crore in FY25 ($81.8 million), Mosaic has grown over the past six years into one of India's largest digital-first consumer health platforms, serving over six million consumers. "The founders identified a massive gap in consumer health early and built a platform that blends medical credibility, product innovation, and strong digital distribution. That combination has allowed Mosaic to build meaningful scale in a relatively short period of time." Avnish Bajaj, Founder and Managing Director, Z47 said.

The company has now been profitable for over a year and closed fiscal 2025 with a narrow loss of Rs 11 crore. The company plans to deploy the new capital to accelerate investments in emerging growth opportunities across the consumer health and wellness ecosystem. "Consumer health is entering a structural growth phase in India as awareness, digital access, and preventive healthcare adoption accelerate," said Chetan Naik, Senior Fund Manager at 360 One Asset. "The company's ability to scale profitably while maintaining strong consumer engagement stood out to us," he added.