Private Equity VC Fund Investments
Wellness startup Mosaic raises $24-M from Sequoia Capital, Elevation Capital, others
Mumbai-based Mosaic Wellness, a health and wellness startup running digital health clinic platforms Manmatters and Bodywise, has raised USD 24 million (INR 178 crore) in a Series A funding round led by Sequoia Capital India, with participation from existing investors Elevation Capital and Matrix Partners India.
The company will use the capital for acquisitions, as well as to ramp up technological capabilities and increase headcount. It had raised USD 10 million in a seed round in December 2019, before its launch, from Elevation Capital, Sequoia Capital India and Matrix Partners India, alongside angel investors such as Jitendra Gupta, Kunal Shah and Jaydeep Barman.
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From the Venture Intelligence PE-VC Deal Database: In Nov-19, Mosaic raised $5-M from Matrix Partners India, Sequoia Capital India, Elevation Capital, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)