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Manah Wellness - About the company

Manah Wellness is a seed company based in Pune (India), founded in 2020 by Sunil Nikhar, Ritika Arora, Ashwin Naik and Sunil Nikhar. It operates as a Provider of corporate wellbeing and mental health solutions. Manah Wellness has raised $664K in funding from IIMA Ventures and Alpha Ori Investments, with a current valuation of $*****. The company has 1156 active competitors, including 179 funded and 30 that have exited. Its top competitors include companies like Spring Health, Calm and Dialogue.

Company Details

Provider of corporate wellbeing and mental health solutions. It offers tailored solutions to empower employees and promote holistic growth. The platform offers innovative tools, resources, and expert guidance to support employee wellbeing and engagement. It aims to create emotionally healthy workplaces through preventive mental health strategies.
Social
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Registered Address
A 7, Mims Gulmohar, Ecc Road, Whitefield, Bangalore, BANGALORE, Karnataka, India, 560066
Key Metrics
Founded Year
2020
Location
Pune, India
Stage
Seed
Total Funding
$664K in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Mar 17, 2023
Ranked
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
61 as on Aug 31, 2026
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Manah Wellness's funding and investors

Manah Wellness has raised a total funding of $664K over 3 rounds. Its first funding round was on May 04, 2021. Its latest funding round was a Seed round on Mar 17, 2023 for $*****. 2 investors participated in its latest round. Manah Wellness has 6 institutional investors and 24 angel investors.

Here is the list of recent funding rounds of Manah Wellness:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Mar 17, 2023
4318733
Seed
6849046
7532353
7688260
7610337
Apr 06, 2022
5543252
Seed
6016951
9541891
6900355
May 04, 2021
5661095
Seed
4889882
6121045
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Manah Wellness' founders and board of directors

Founder? Claim Profile
The founders of Manah Wellness are Sunil Nikhar, Ritika Arora, Ashwin Naik and Sunil Nikhar. Ashwin Naik is the CEO of Manah Wellness.
Here are the details of Manah Wellness' key team members:

Manah Wellness' Board of Directors

Manah Wellness's board has 3 active members. Ritika Arora and Ashwin Naik are part of team and Vishnu Ram Swaminathan is independent board member.
Here is the list of Manah Wellness' board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
3y 3m
Team
-
Current
6y 7m
Independent board member
-
Current
3y 3m

Manah Wellness' employee count trend

Manah Wellness has 61 employees as of Aug 26. Here is Manah Wellness's employee count trend over the years:
Employee count trend for Manah Wellness
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Manah Wellness's Competitors and alternates

Top competitors of Manah Wellness include Spring Health, Calm and Dialogue. Here is the list of Top 10 competitors of Manah Wellness, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Spring Health
Spring Health
2016, New York City (United States), Series E
Tech enabled mental healthcare solutions and health plans for employers
$474M
81/100
2nd
Logo for Calm
Calm
2012, San Francisco (United States), Series C
Digital wellness platform
$225M
79/100
3rd
Logo for Dialogue
Dialogue
2016, Montreal (Canada), Acquired
Cloud-based telemedicine platform for employees and patients
$88.2M
76/100
4th
Logo for Lyra Health
Lyra Health
2015, Burlingame (United States), Series F
Provider of AI-powered mental health benefits for employers
$915M
74/100
5th
Logo for Headspace
Headspace
2010, Santa Monica (United States), Acquired
Provider of mental health support services via application and human care
$178M
74/100
6th
Logo for Koa Health
Koa Health
2016, London (United Kingdom), Acquired
Provider of digitally-enabled mental health therapies and platform solutions
$36M
72/100
7th
Logo for Amaha
Amaha
2016, Mumbai (India), Series A
Chains providing mental health therapy and psychiatric care for individuals
$20.7M
71/100
8th
Logo for Thrive Global
Thrive Global
2016, New York City (United States), Series C
Provider of mental wellbeing coaching platform for enterprises
$130M
71/100
9th
Logo for Wysa
Wysa
2015, Boston (United States), Series B
Provider of AI-driven mental health support platform
$30.5M
69/100
10th
Logo for Modern Health
Modern Health
2017, San Francisco (United States), Series D
Provider of employee mental health wellness platform
$170M
69/100
51st
Logo for Manah Wellness
Manah Wellness
2020, Pune (India), Seed
Provider of corporate wellbeing and mental health solutions
$664K
48/100
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Manah Wellness's Latest cap tables and shareholding

Founders (largest shareholder) own 41.49%, Funds own 5.00%, Enterprises own 9.23% and Angels own 8.90%. The net worth of Manah Wellness's founders is INR 10.6Cr as of Mar 17, 2023. The cap table displayed below is for MANAHWELL HEALTHCARE PRIVATE LIMITED which is the legal entity associated with Manah Wellness.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
41.49%
10.6Cr
1663980
4942679
3983113
1751562
9922345
7768406
8696738
4792172
6155283
9583287
7860789
5542247
7693404
3911739
4971709
4541428
Fund
5.00%
1.27Cr
2084
2641
8613
6311
5
3
8
3
7
3
0
0
0
0
0
0
Enterprise
9.23%
2.35Cr
7616768
2416642
5584141
6603753
Angel
8.90%
2.27Cr
3910576
7595479
3422092
3385006
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other People
22.15%
5.65Cr
1041405
2134821
6845395
8105398
ESOP Pool
13.24%
3.38Cr
8070401
1647470
8553202
1526974
Total
100.00%
25.5Cr
7503968
2784630
7987393
8460178
Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
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shareholding pattern of this entity
$9.99$4.23(excl. taxes)
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  • Latest Shareholding Summary - Ownership breakdown across founders, investors, and other stakeholders
  • Round-by-Round Cap Tables - Evolution of shareholding across funding rounds
  • Year-on-Year Cap Tables - Dilution trends over time

Manah Wellness's Investments and acquisitions

Manah Wellness has made no investments or acquisitions yet.

Reports related to Manah Wellness

Here is the latest report on Manah Wellness's sector:

News related to Manah Wellness

•
Manah launches a curated AI-based copilot for mental wellbeingExpress Computer•Oct 10, 2024•Manah Wellness
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