AI based corporate wellness startup mHealth raises funding led by India Accelerator
mHealth, a community-based Employee Wellness platform powered by AI has recently secured an undisclosed amount in a seed funding round led by India Accelerator (IA). Other than IA, HNIs & Industry veterans namely Govind Rao, Vikram Gupta, Alok Mani among others also participated in the round.
The Delhi based startup helps corporates in streamlining employee wellness programs and bringing the same on a single platform. mHealth equips corporates to create focused groups, fitness activities, employee assistance programs, care programs and launch challenges and wellness camps on a single platform and At the same time, it increases employee engagement and productivity by ensuring mental and physical wellbeing of employees.
Within the six months of its inception in 2020, mHealth has served some of the largest players including Global Insurance, Aegon Life, Wiley, IDFC Bank, Airworks. According to the estimates, the corporate health and wellness market is valued at around $7 billion and continues to grow with a projection to reach ~$18 billion by 2025.
Rajesh Munjal, Co-Founder & CEO, mHealth said, “Every individual is different and it is important that an employee's experience should be personalized, meaningful and delightful yet connected. At the end of the day, employees are the most important assets for the growth of any organization.”
The company plans to use the funding to improve the platform, focused on customer experience and build a larger stack of wellness services on the platform. Furthermore, the startup aggressively eyes its international expansion and is also in talks for its next round of funding in the next few months.