Funding Alert
Wellness platform Mindhouse raises $6 million in seed round
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ByTejika Bajaj | November 20, 2021
Yoga and mental health focused wellness platform Mindhouse announced that it has raised $6 million in its seed round of funding led by Flipkart co-founder Binny Bansal.
The round also saw participation from investors like General Catalyst, Better Capital, Kwaish Capital, Anicut and the founders of Mindhouse, Pooja Khanna and Pankaj Chaddah. Furthermore, the angel investors who participated in the round include Rohit MA of Cloudnine, Ritesh Malik of Innov8 and Karan Singh and Sri Rajan of Bain & Co.
The company intends to utilize the recently infused capital for rebranding as well as for global expansion in the coming years. The company also plans to use the funds for other revenue and operational activities of the business.
Commenting about the recent round of funding, Binny Bansal, Co-founder of Flipkart stated, “I have loved the approach Mindhouse has taken towards wellness and believe in the experience Pooja and Pankaj carry. I’m excited to be a part of this.”
Founded in 2019 by Pooja Khanna and Pankaj Chaddah, Mindhouse is a wellness platform which focuses on mental health and curative wellness of its clients. It aims to provide therapeutic services to its clients and promote mental health.
“Patients suffering from any long-drawn health condition (even pregnancy) always require a change in lifestyle in addition to clinical care. Sixty per cent of the consumer spends in the USD 4.5 trillion wellness industry go into curative wellness, this provides a great opportunity to build an impact-oriented business,” Mindhouse co-founder Pooja Khanna said.
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