Mosaic Wellness Raises ₹200 Cr From 360One Asset

Thane-headquartered consumer health startup Mosaic Wellness has closed a significant funding round, raising over ₹200 Cr in primary capital from 360One Asset. Alongside the primary infusion, an undisclosed secondary transaction gave Spring Marketing Capital — one of the earliest backers of Mosaic Wellness — a partial exit from the company. The deal underscores growing investor appetite for India’s fast-expanding digital health and wellness segment, where D2C brands continue to attract serious capital.

What the ₹200 Cr Deal Looks Like for Mosaic Wellness

The ₹200 Cr deal brings 360One Asset onto the Mosaic Wellness cap table for the first time. The alternative asset manager now sits alongside a strong roster of institutional investors, including Elevation Capital, Peak XV Partners, Z47, and Think Investments. With this latest raise, Mosaic Wellness has pulled in a cumulative $84 million in total funding since its inception. The secondary component of the transaction allowed Spring Marketing Capital to book returns on its early bet, though the firm will continue to hold a portion of its stake going forward.

Mosaic Wellness Plans to Double Down on Consumer Health Expansion

Mosaic Wellness plans to deploy the fresh capital to accelerate investments in growth opportunities and double down on expansion across the broader consumer health and wellness ecosystem. That means deeper bets on product development, brand building, and geographic reach. The startup, founded in 2020 by Revant Bhate and Dhyanesh Shah, operates a portfolio of digital health platforms — Man Matters for men, Be Bodywise for women, and Little Joys for children. These platforms bundle telemedicine consultations with supplements, personal care, and other wellness products, serving over six million consumers every year through a network of more than 150 doctors.

The company also runs RootLabs, a standalone brand focused on nutrient gummies made from natural ingredients such as ashwagandha, shilajit, turmeric, and sea moss. RootLabs adds a clean-label nutrition play to the Mosaic Wellness portfolio, tapping a segment that has gained serious traction among health-conscious Indian consumers in the past two years. The healthtech startup ecosystem in India is seeing a wave of similar innovation across categories.

Mosaic Wellness Financial Performance Shows Strong Turnaround

The financial performance of Mosaic Wellness shows a strong turnaround that backs up the hype. The company managed to slash its consolidated net loss by roughly 70%, bringing it down to ₹11.8 Cr in FY25 from ₹38.8 Cr in the previous fiscal year. Revenue, meanwhile, surged 120% year-on-year, climbing to ₹736.1 Cr in FY25 from ₹333.3 Cr in FY24. That kind of top-line momentum, paired with meaningful margin improvement, signals that the company is moving closer to sustained profitability. Management has confirmed that Mosaic Wellness has been profitable for over a year on select metrics, which likely influenced the timing and size of this raise.

Why the Spring Marketing Capital Partial Exit Matters

Early-stage exits rarely make headlines, but this one matters — and carries real weight. Spring Marketing Capital was among the first institutional investors to bet on Mosaic Wellness back when digital health was still a crowded and uncertain space. A partial exit at this stage tells the market two things: the startup has matured enough to generate meaningful returns for early backers, and existing investors still see enough upside to retain skin in the game. Spring Marketing Capital will remain on the cap table, a signal of continued confidence in Mosaic Wellness’ long-term trajectory.

India’s D2C Health and Wellness Market Heats Up

This deal doesn’t exist in a vacuum. India’s D2C health and wellness market heats up more with every passing quarter, driven by shifting consumer behaviour and a post-pandemic push toward preventive health. Brands like TOVA, The Whole Truth, and SuperYou have all raised capital in recent months, each chasing a slice of a market that some estimates peg at over $30 billion by 2030. Mosaic Wellness sits at the intersection of telehealth and D2C commerce, a positioning that gives it an edge over pure-play product brands or standalone telemedicine platforms.

The competitive landscape includes players like BabyOrgano, Ekincare, and The Good Bug, each carving out niches within consumer health. Emerging players are also drawing capital — Stance Health recently raised $1M for musculoskeletal care, while Practo’s cofounder launched AI health startup Cent. But few have managed the combination of rapid revenue growth, a clear path to profitability, and multi-brand portfolio depth that Mosaic Wellness brings to the table.

What Comes Next for Mosaic Wellness

What comes next is clear: with over ₹200 Cr in fresh ammunition and 360One Asset in its corner, Mosaic Wellness is positioned to make bigger moves across the consumer health and wellness ecosystem in FY26. Whether that means acquisitions, new product categories, or deeper penetration into tier-2 and tier-3 cities, the playbook is clearly about scale. For founders, investors, and anyone tracking the Indian startup funding landscape, this is a deal worth watching closely.

Stay tuned for more coverage of India’s fastest-growing startups on KnowStartup.

Author

Sachin

Sachin Sidharth is a Digital Marketing professional with a master’s degree in Digital Marketing from Coventry University, UK. He has 10+ years of blogging and online marketing experience. He currently heads Digital Acquisition for a leading London-based Fintech firm. At KnowStartup.com He focuses on writing Digital Marketing guides and manages...