Mosaic Wellness, the parent company behind health and wellness brands Man Matters, Boywise, and Little Joys, has secured Rs 175 crore (approximately $20 million) in fresh funding from Think Investment.
As per regulatory filings accessed from the Registrar of Companies (RoC), the board of Mosaic Wellness approved a special resolution to issue 16,279 compulsory convertible preference shares at an issue price of Rs 1,07,500 each, raising a total of Rs 175 crore.
The Mumbai-based digital-first health platform intends to deploy the new funds towards growth, expansion initiatives, and general corporate purposes.
Founded in 2020 by Revant Bhate and Dhyanesh Shah, Mosaic Wellness operates with a focused multi-brand strategy targeting specific consumer segments. Its flagship brand, Man Matters, offers tailored solutions for men in areas such as dermatology, sexual wellness, hygiene, and nutrition. Boywise caters to teen health, while Little Joys focuses on kids’ wellness.
With this infusion, Think Investment acquires a 5.04% stake in the company.
The current round takes Mosaic Wellness’s total funding to over $65 million, including a $24 million Series A round in 2021 led by Peak XV Partners (formerly Sequoia Capital India), along with continued support from Elevation Capital and Matrix Partners India.
As consumer demand for specialized wellness products continues to rise across demographics, Mosaic Wellness is well-positioned to scale further in the burgeoning D2C health and wellness space.
