Startup Atlas · Consumer Health

Man Matters

Mosaic Wellness Private Limited Thane, Maharashtra Founded 2020 manmatters.com ↗
Revant Bhate · Co-Founder & CEO Dhyanesh Shah · Co-Founder
$75 MnTotal funding (tracked)
4Funding rounds
12 Mar 2026Last round

Man Matters: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Science-backed men's wellness products

Positions itself under the tagline "Helping Men Live Healthier and Stronger," offering scientifically tested wellness products.

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Doctor-led consultations bundled with products

Customers get a free appointment with a doctor followed by a personalised wellness plan after completing an online assessment.

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Cancel-anytime subscription plans

Offers subscription packs for ongoing treatment regimens that customers can cancel anytime.

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Customer Segments

Indian men seeking wellness solutions10L+ customers

Man Matters targets men's health concerns across hair, skin, sexual performance, fitness and hygiene; the brand's site states 10L+ men have used its offerings.

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Broader Mosaic Wellness consumer base10M customers / 3 countries

Parent Mosaic Wellness serves men, women (Be Bodywise) and children (Little Joys) with 10 million happy customers and 16 million orders delivered each year across 3 countries.

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Customer Relationships

Ongoing doctor follow-ups

Customers receive a free doctor appointment with a personalised wellness plan following an online assessment, rather than a one-off transaction.

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Subscription-based repeat purchase

Subscription packs for treatment regimens that customers can cancel anytime, encouraging retention over one-time sales.

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Channels

D2C website (manmatters.com)

Primary web platform for browsing and purchasing hair, beard, fitness, performance, skin and hygiene products directly.

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Online consultation portal

Virtual assessment flow where users get a personalised assessment of their concerns and are connected with health professionals.

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Key Activities

Influencer-led destigmatization marketing

Rather than celebrity endorsements, Man Matters built its content strategy around influencers publicly sharing personal struggles with hair loss and sexual health, aiming for relatable rather than aspirational storytelling.

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Operating telehealth consultations at scale100,000+ consultations/month

Running the assessment-to-doctor-to-treatment-plan pipeline is a core ongoing activity; the Mosaic Wellness platform that Man Matters runs on records over 100,000 tele-health consultations every month.

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Key Resources

Institutional growth capital$84M raised to date

Man Matters' parent Mosaic Wellness has raised $84 million in total funding to date from investors including Sequoia Capital India, Elevation Capital, Matrix Partners India and 360 ONE Asset, capital that finances the doctor network, product line and marketing Man Matters runs on.

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Man Matters mobile app4.5★ / 24,000+ ratings

A dedicated iOS/Android app is the company's digital platform for booking telehealth consultations and ordering products, rated 4.5 stars from 24,000+ reviews on the Apple App Store in India.

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Panel of 65+ doctors and healthcare specialists65+ specialists

The company lists a panel of 65+ doctors and healthcare specialists who deliver its free online consultations, a core medical-expertise resource behind the product.

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Key Partnerships

Network of 150+ doctors150+ doctors, 100,000+ consults/month

Consultations are delivered through a network of more than 150 doctors, conducting over 100,000 consultations every month across the Mosaic Wellness platform.

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Revenue Streams

Product sales

Sale of hair regrowth, beard growth, health & fitness supplements, performance, skin health and hygiene products through the D2C site.

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Prescription-based offerings

Prescription-based products such as performance-related pills, gels and sleep strips/tablets sold following doctor consultation.

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Cost Structure

Advertising & marketing spend (largest cost centre)Rs 267 Cr, 35% of spend

Advertising is parent Mosaic Wellness' single biggest expense line, rising to Rs 267 crore in FY25 from Rs 138 crore in FY24 and making up over a third of total spending as the company invests in customer acquisition and brand building.

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Cost of materials (COGS)Rs 193 Cr, 25%+ of spend

Cost of materials -- raw materials and inputs for products -- grew sharply to Rs 193 crore in FY25, the second-largest cost category after advertising.

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Employee benefit expenseRs 63 Cr

Staff costs held steady even as the company scaled revenue, with employee benefit expense flat year-on-year at Rs 63 crore in FY25.

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FAQs on Man Matters

What is Man Matters's business model?

Man Matters's core value proposition centers on Science-backed men's wellness products, Doctor-led consultations bundled with products, Cancel-anytime subscription plans.

How does Man Matters make money?

Man Matters's cited revenue streams include Product sales, Prescription-based offerings.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: entrackr.com · Last verified 9 Sep 2026. · Report a correction