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Colive raises $20 Mn led by Bain Capital

EntrackrEntrackr ยท 18h ago
Colive raises $20 Mn led by Bain Capital
Medial

Colive raises $20 Mn led by Bain Capital Co-living startup Colive has raised $20 million in strategic funding led by Bain Capital, alongside long-term partner Sattva Group. The proceeds will be used to fuel Coliveโ€™s growth through upgraded technology infrastructure, expanded market presence, and reinforced position in tech-enabled rental housing across India. This funding is part of a larger joint initiative: Bain Capital and Sattva Group have launched a $100 million pan-India co-living real estate platform, with Colive as its cornerstone manager. The platform will focus on acquiring land, developing flagship co-living communities, and delivering purpose-built rental homes in major urban centers. The initiative aims to scale the co-living footprint from the current count to 50,000 beds over the next three years. Each property under this master plan will average around 300,000 square feet, primarily targeting executive rentals. As part of the agreement, the platform will be jointly owned by Bengaluru-based Sattva Group, an equal joint venture partner in Colive, and Bain Capital, with the private equity firm holding the majority stake. To date, the PropCo-backed platform has secured land in Pune and Bengaluru, with nearly 0.5 million sq ft under development. Further expansion plans are underway in Bengaluru, Pune, and Hyderabad, aiming to deliver 8โ€“10 flagship projects in the near term.

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Mosaic Wellness raises $20 Mn at $400 Mn valuation

EntrackrEntrackr ยท 4m ago
Mosaic Wellness raises $20 Mn at $400 Mn valuation
Medial

Exclusive: Mosaic Wellness raises $20 Mn at $400 Mn valuation Mosaic Wellness, the parent firm of Man Matters, Boywise, and Little Joys, has raised Rs 175 crore (approximately $20 million) from Think Investment in a new round. The board at Mosaic Wellness has passed a special resolution to issue 16,279 compulsory convertible preference shares at an issue price of Rs 1,07,500 each to raise Rs 175 crore or $20 million, its regulatory filing accessed from the Registrar of Companies (RoC) shows. The filings further noted that the company plans to utilize the fresh capital for growth, expansion, and general corporate purposes. According to Entrackr estimates, the company has been valued at around $400 million post-allotment. Following the fresh proceeds, Think Investment will hold 5.04% of the company. Founded in 2020 by Revant Bhate and Dhyanesh Shah, Mosaic Wellness is a digital-first consumer health platform that runs three separate brands for men, women, and kids. Its flagship brand ManMatters offers solutions across derma, sexual health, hygiene, and nutrition. Mosaic Wellness has raised over $65 million to date, including its $24 million Series A led by Peak XV along with existing investors Elevation Capital and Matrix Partners India in 2021. As per the startup data intelligence platform TheKredible, Elevation Capital is the largest external stakeholder, followed by Peak XV and Matrix Partners. The company has recorded a 61.7% year-on-year growth to Rs 333 crore during the fiscal year ended March 2024, compared to Rs 206 crore in FY23. Moreover, the firm managed to control its losses by 37.1% to Rs 39 crore in the same period.

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