Health and wellness startup Mosaic Wellness raises Rs 175 crore from Think Investment

Mosaic Wellness, a health and wellness startup which runs brands like Manmatters and Be Bodywise, has raised around $20 million (Rs 175 crore) from early stage investor Think Investment.

The company board has passed a resolution to issue 16,279 compulsory convertible preference shares at Rs 1,07,498 each to raise Rs 175 crore, as per filings sourced from the business intelligence platform Tofler.

Founded in 2020 by Revant Bhate and Dhyanesh Shah, Elevation Capital-backed firm is a platform of consumer-first full-stack digital-health clinics. It…