About Wellx
Wellx is a company based in Dubai (United Arab Emirates) founded in 2021 by Vaibhav Kashyap and Javed Akberali.. Wellx has raised $2 million across 2 funding rounds from investors including Plug and Play Tech Center, Dubai Future District Fund and DASH Ventures. Wellx offers products and services including Wellx Mobile App and WHOOP 4.0 Integration. Wellx operates in a competitive market with competitors including Binah.ai, Assured Allies, Benekiva, Benefits Science and Life.io, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Vaibhav Kashyap, Javed Akberali
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Wellxai Technologies Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
Jul 26, 2023
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Investors
Plug and Play Tech Center
& 9 more
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Employee Count
Employee Count
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Products & Services of Wellx
Wellx offers a comprehensive portfolio of products and services, including Wellx Mobile App and WHOOP 4.0 Integration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for monitoring health data and participating in rewards-based challenges.
Platform integration for tracking sleep and activity to support wellbeing programs.
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Funding Insights of Wellx
Wellx has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.0M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - Wellx | Valuation | Dubai Future District Fund | |
| Sep, 2022 | Amount | Seed - Wellx | Valuation | DIFC |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wellx
Wellx has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Plug and Play Tech Center, Dubai Future District Fund and DASH Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital investments are provided by DASH Ventures.
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Founded Year | Domain | Location | |
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Venture capital and acceleration are provided to tech startups.
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Founded Year | Domain | Location | |
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Private equity and funds of funds focused on early to mature stage companies and multiple funds
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wellx
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wellx
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wellx Comparisons
Competitors of Wellx
Wellx operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Binah.ai, Assured Allies, Benekiva, Benefits Science and Life.io, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a video-based health and wellness monitoring system
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| domain | founded_year | HQ Location |
Predictive solutions are offered for policyholders' aging journeys.
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| domain | founded_year | HQ Location |
Cloud-based platform for life insurance claims management is operated.
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| domain | founded_year | HQ Location |
Cloud-based cost containment solutions are delivered to healthcare providers.
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| domain | founded_year | HQ Location |
Health insights and behaviors are monitored via a reward-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wellx
Frequently Asked Questions about Wellx
When was Wellx founded?
Wellx was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Wellx located?
Wellx is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Wellx?
Vaibhav Kashyap is the current CEO of Wellx. They have also founded this company.
Is Wellx a funded company?
Wellx is a funded company, having raised a total of $2M across 2 funding rounds to date.
What does Wellx do?
Wellx was established in 2021 in Dubai, United Arab Emirates. Healthcare insurance plans and cashback services are offered by the company in the healthcare sector. Operations are centered on insurance coverage and reward-based incentives for users. The firm is co-founded by Vaibhav Kashyap, who serves as CEO, and Javed Akberali. Services are delivered through the domain wellxai.com, targeting regional markets.
Who are the top competitors of Wellx?
Wellx's top competitors include Benekiva, Assured Allies and Remedinet Technologies.
What products or services does Wellx offer?
Wellx offers Wellx Mobile App and WHOOP 4.0 Integration.
Who are Wellx's investors?
Wellx has 10 investors. Key investors include Plug and Play Tech Center, Dubai Future District Fund, DASH Ventures, 500 Global, and Sanabil.