News on Medial

Dhun Wellness raises $4 Mn led by SRF and Havells India

EntrackrEntrackr · 6d ago
Dhun Wellness raises $4 Mn led by SRF and Havells India
Medial

Dhun Wellness raises $4 Mn led by SRF and Havells India Wellness startup Dhun Wellness has raised $4 million (approximately Rs 36.6 crore) in a funding round co-led by SRF Ltd and Havells India. The round also saw participation from other angel investors, including Arushi Aayush Agrawal, Ash Lilani, Tracxn co-founder Abhishek Goyal, Sanjay Kapoor, and others. The proceeds will be used to expand its footprint to Pune, Hyderabad, Bengaluru, and Ahmedabad, Dhun said in a press release. Launched in 2023 by Mira Kapoor, Dhun Wellness is an urban wellness sanctuary offering integrated healing, recovery, and rejuvenation through a blend of traditional Indian practices (such as Ayurveda and sound healing) and modern longevity science (including cryotherapy and infrared sauna). The offering is designed for city dwellers seeking holistic well-being without leaving the city, with a focus on personalised seven-day programmes and a luxury experience that helps individuals tune into their bodies. According to Dhun Wellness, the platform blends ancient Eastern wisdom with Western longevity science to address the root causes of imbalance, including fatigue, sleep issues, and gut health. The startup customises seven-day wellness programmes featuring consultations, nutritional guidance, and at-home plans, supported by a 24/7 concierge. As per a market report, the health and wellness market is projected to reach $256.9 billion by 2033. The Mumbai-based startup plans to build a comprehensive longevity vertical focused on preventive care, personalised wellness protocols, and long-term health optimisation. It said it is witnessing 15% month-on-month growth in demand.

Related News

Mosaic Wellness raises $20 Mn at $400 Mn valuation

EntrackrEntrackr · 9m 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.

Deeptech manufacturing startup Leumas raises $2.2 Mn in Seed round

EntrackrEntrackr · 7m ago
Deeptech manufacturing startup Leumas raises $2.2 Mn in Seed round
Medial

Deeptech manufacturing startup Leumas has raised $2.2 million in a seed funding round led by Capital 2B, a deeptech-focused fund backed by Info Edge and Temasek, along with participation from Capital-A and Anicut Capital. The proceeds will be used to expand its R&D capabilities, scale on-demand manufacturing infrastructure, and launch pilot deployments of dedicated factories for wellness and pharma brands, Leumas said in a press release. Co-founded in 2016 by Subhajit Biswas and Nitesh K, Leumas offers on-demand manufacturing and factory-as-a-service models for wellness and pharma brands. Its solution is built on software-defined, modular robot factories that radically improve manufacturing and business outcomes - from development to commercial production. By combining automation, software intelligence, and R&D, it helps brands scale quickly, maintain quality, and reduce risk. According to Leumas, its core product is cyber-physical manufacturing technology: software-driven, modular production lines that integrate AI-led robotics, vision-based quality systems, and autonomous operations to ensure optimal production output and regulatory compliance. As per market research, the outsourced development and manufacturing market for pharma and wellness is expected to exceed $400 billion by 2030. Over the past year, Leumas claims to have co-developed its manufacturing solution with leading wellness brands and has helped scale more than 120 products across India, the US, and MENA. It has also signed agreements with prominent pharma and food research institutions to build dedicated factory capacities using its modular factory solution.

Download the medial app to read full posts, comements and news.