When was Manah Wellness founded?

Manah Wellness was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Manah Wellness located?

Manah Wellness is headquartered in Pune, India. It is registered at A 7, Mims Gulmohar, Ecc Road, Whitefield, Bangalore, BANGALORE, Karnataka, India, 560066.

Who is the current CEO of Manah Wellness?

Ashwin Naik of Manah Wellness. They have also founded 1 company.

Which legal entities is Manah Wellness associated with?

Manah Wellness is associated with MANAHWELL HEALTHCARE PRIVATE LIMITED.

How many employees does Manah Wellness have?

As of Aug 31, 2026, the latest employee count at Manah Wellness is 61.

Is Manah Wellness a funded company?

Manah Wellness is a funded company, having raised a total of $664K across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 04, 2021.

How much is Manah Wellness worth?

The latest valuation of Manah Wellness is $***** as of Mar 17, 2023.

When was the latest funding round of Manah Wellness?

Manah Wellness' latest funding was a $***** Seed round on Mar 17, 2023, with participation from 2 investors. Its primary sector is Employee Health IT. In India, the Employee Health IT sector has seen $80.1M in funding in 2026 to date.

What is the annual revenue of Manah Wellness?

Annual revenue of Manah Wellness is less than ₹10 Cr as on Mar 31, 2025

Where does Manah Wellness rank among its competitors?

Manah Wellness ranks 51st amongst 1156 active competitors, of which 179 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Amaha, which secured $5.28M in Mar, 2026.

Who are the top competitors of Manah Wellness?

Manah Wellness' top competitors include Spring Health, Calm and Dialogue. Among them, Amaha secured the most recent funding round in March, 2026.

Manah Wellness - 2026 Company Profile, Team, Funding, Competitors & Financials

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.

Website: www.manahwellness.com/
Social
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

Seed, Mar 17, 2023, $*****

Post Money Valuation

$***** as on Mar 17, 2023

Investors

IIMA Ventures & 29 more

Ranked

51^st among 1156 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

61 as on Aug 31, 2026

Similar Companies

Spring Health & 563 more

View Manah Wellness' full profile

Manah Wellness is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MANAHWELL HEALTHCARE PRIVATE LIMITED CIN: U85100KA2020PTC132627 , India, Active	Feb 13, 2020	0 - ₹10 Cr (As on Mar 31, 2025)	25 (As on Dec 31, 2024)

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	2088410	Seed	2824465	8327259	7424273	8044305
Apr 06, 2022	4736236	Seed	6447479	2470711	7022883	Sequoia Capital
May 04, 2021	7309123	Seed	7097602	9494615	Sanjay Jain & 1 more	Aura Investment Partners & 19 more

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View details of Manah Wellness's funding rounds and investors

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:

Sunil Nikhar: Former Co-Founder of Manah Wellness and founder of 2 other companies, Digilant Solutions and Digilant Solutions. They are also an angel investor in 5 startups and serve on the board of 1 company.
Contact Info: 1 email address
Ritika Arora: Co-Founder & COO of Manah Wellness. They serve on the board of 1 company.
Contact Info: 1 phone number
Ashwin Naik: Co-Founder & CEO of Manah Wellness. They serve on the board of 1 company.
Sunil Nikhar: Co-Founder of Manah Wellness and founder of 1 other company.

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
Ritika Arora	Team	-	Current	3y 3m
Ashwin Naik	Team	-	Current	6y 7m
Vishnu Ram Swaminathan	Independent board member	-	Current	3y 3m

View details of Manah Wellness's Founder profiles and Board Members

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:

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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	Spring Health 2016, New York City (United States), Series E	Tech enabled mental healthcare solutions and health plans for employers	$474M	Rethink Impact, Northzone & 31 others	81/100
2nd	Calm 2012, San Francisco (United States), Series C	Digital wellness platform	$225M	Lightspeed Venture Partners, Insight Partners ... & 64 others	79/100
3rd	Dialogue 2016, Montreal (Canada), Acquired	Cloud-based telemedicine platform for employees and patients	$88.2M	HV Capital, Sun Life Financial & 15 others	76/100
4th	Lyra Health 2015, Burlingame (United States), Series F	Provider of AI-powered mental health benefits for employers	$915M	Addition, Glynn Capital & 37 others	74/100
5th	Headspace 2010, Santa Monica (United States), Acquired	Provider of mental health support services via application and human care	$178M	Blisce, JAZZ Venture Partners & 50 others	74/100
6th	Koa Health 2016, London (United Kingdom), Acquired	Provider of digitally-enabled mental health therapies and platform solutions	$36M	Wellington Partners Venture Capital, Ancora Finance Group ... & 9 others	72/100
7th	Amaha 2016, Mumbai (India), Series A	Chains providing mental health therapy and psychiatric care for individuals	$20.7M	Fireside Ventures, B&K Securities & 20 others	71/100
8th	Thrive Global 2016, New York City (United States), Series C	Provider of mental wellbeing coaching platform for enterprises	$130M	WndrCo, Kleiner Perkins & 37 others	71/100
9th	Wysa 2015, Boston (United States), Series B	Provider of AI-driven mental health support platform	$30.5M	legacy.vn, HealthQuad & 39 others	69/100
10th	Modern Health 2017, San Francisco (United States), Series D	Provider of employee mental health wellness platform	$170M	Kleiner Perkins, Founders Fund & 16 others	69/100
51st	Manah Wellness 2020, Pune (India), Seed	Provider of corporate wellbeing and mental health solutions	$664K	Blume Venture, Sequoia Capital & 28 others	48/100

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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.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	41.49%	10.6Cr	9704365	8264660	4292120	7755891
Ashwin Naik	3203151	3984678	7470238	3378283	4350966	4879530
Ritika Arora	6802250	2603656	8192843	4757622	3732341	3267988
Fund	5.00%	1.27Cr	8227	5725	5579	4252
Blume Venture	3	8	4	8	5	3
Sequoia Capital	0	0	0	0	0	0
Enterprise	9.23%	2.35Cr	8271862	2059152	7896639	9997990
Angel	8.90%	2.27Cr	4213851	9971385	3207352	1089618
Sanjay Jain	0	0	0	0	0	0
Sandeep Srivastava	0	0	0	0	0	0
Vishwanathan Krishnan	0	0	0	0	0	0
Other People	22.15%	5.65Cr	4249484	6172269	6838171	4797988
ESOP Pool	13.24%	3.38Cr	1518729	5834018	6254471	2983826
Total	100.00%	25.5Cr	7714977	8020854	9357478	1660604