Health and wellness startup Mosaic Wellness’ consolidated net loss declined 70% to INR 11.8 Cr in the financial year 2024-25 (FY25) from INR 38.8 Cr in the previous fiscal year, on the back of strong revenue growth and improvement in margins.

Operating revenue zoomed 120% to INR 736.1 Cr during the year under review from INR 333.3 Cr in FY24.

Including other income of INR 12.8 Cr, total income stood at INR 748.9 Cr as against INR 341.7 Cr in FY24.

Founded by Revant Bhate and Dhyanesh Shah in 2020, Mosaic Wellness runs digital health platforms Man Matters, Be Bodywise, and Little Joys, offering products and services for men, women and children, respectively.

The platforms offer telemedicine consultation services, supplements, and other wellness products. 

Mosaic Wellness earns most of its revenue through the sale of nutritional supplements, medicines, and other wellness products. In FY25, it generated a revenue of INR 734.7 Cr from the sale of its products as against INR 332.5 Cr in the last financial year. 

The Mumbai-based startup claims to help over 2.5 Mn men with diagnoses and treatments, more than 4 Mn women by giving personalised solutions every year, and over 2 Mn parents through its platform for kids’ health.

The startup has raised a total funding of over $55 Mn to date and counts the likes of Peak XV Partners, Elevation Capital and Z47 (formerly Matrix Partners India) among its investors. 

It last raised over $20 Mn (around INR 175 Cr) from Think Investments earlier this year. The funding was aimed at business growth and future plans to scale. 

Where Did Mosaic Wellness Spend In FY25?

The startup’s total expenses nearly doubled to INR 758.4 Cr during the year under review from INR 380.5 Cr in FY24. However, the increase in expenses was lower than the rise in revenue. 

Purchase Of Stock-In-Trade: The startup’s spending under this head rose 112% to INR 217.8 Cr in FY25 from INR 102.6 Cr in the previous fiscal year. 

Employee Benefit Expenses: Mosaic Wellness spent INR 63.2 Cr on its employees in the fiscal, up 21% from the INR 51.9 Cr in FY24. 

Promotional Expenses: The spending on advertising and other promotional activities zoomed 93% to INR 267.5 Cr from INR 138.1 Cr in the previous year.

Commission & Freight Expenses: While it spent INR 84.1 Cr on commissions in FY25, its freight costs stood at INR 91.6 Cr.