IPO · Commerce & Consumer Brands

Blinkit news covers NSE IPO and Mosaic Wellness funding

By Startup Enthusiast · 12 March 2026

What they do

Blinkit is a quick commerce delivery service operating in India

The facts report on the National Stock Exchange selecting merchant bankers for its proposed initial public offering

Separately, Mosaic Wellness raised Rs 200 crore from 360 ONE Asset to expand its consumer health brands

The National Stock Exchange completed the selection of 20 merchant bankers for its proposed initial public offering.
This selection followed a framework approved by the NSE's IPO Committee.
The proposed IPO is structured largely as an offer for sale (OFS) where existing shareholders sell shares.
Mosaic Wellness raised Rs 200 crore ($21 million) in primary capital from 360 ONE Asset.
Spring Marketing Capital partially exited via a secondary transaction during this round.
Mosaic Wellness plans to use funds to accelerate investments in its consumer health ecosystem.
The company operates digital-first brands including Man Matters, Be Bodywise, Little Joys, and Root Labs.
Mosaic Wellness serves over six million consumers annually across various wellness categories.

The NSE IPO process involves major financial institutions like Kotak Mahindra Capital and Morgan Stanley India.
Eight law firms were empanelled to support the NSE's regulatory and legal requirements.
Mosaic Wellness has been profitable for over a year with reduced net losses.
The startup landscape includes diverse sectors from finance to digital health services.

360 ONE Asset (lead) — Investment firm participating in Mosaic Wellness funding round.
Spring Marketing Capital (seller) — Partially exited via secondary transaction.
Elevation Capital (existing) — Existing investor in Mosaic Wellness.
Peak XV Partners (existing) — Existing investor in Mosaic Wellness.