About Wellx
Wellx is a Financial Services company based in Dubai (United Arab Emirates) founded in 2021 by Vaibhav Kashyap and Javed Akberali. Healthcare insurance plans and cashback services are provided. Wellx has raised $2 million across 2 funding rounds from investors including Plug and Play Tech Center, Dubai Future District Fund and DASH Ventures. Its chief executive, as recorded, is Vaibhav Kashyap. Wellx offers products and services including Wellx Mobile App and WHOOP 4.0 Integration. Its focus areas include FinTech, Insurance IT, Data and Monitoring Solutions and Usage-based. Its legal entity is WellXAi Technologies Limited.
Company details
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.
- Headquarters Dubai, United Arab Emirates
- Founders Vaibhav Kashyap, Javed Akberali
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website wellxai.com
- Social LinkedIn
- Legal Name Wellxai Technologies Limited
- Total Equity Funding$2M (USD)
in 2 rounds
- Latest Funding Round$2M (USD), Seed
Jul 2023
- InvestorsPlug and Play Tech Center
& 9 more
Products & Services of Wellx
Wellx offers a comprehensive portfolio of products and services, including Wellx Mobile App and WHOOP 4.0 Integration.
App for monitoring health data and participating in rewards-based challenges.
Platform integration for tracking sleep and activity to support wellbeing programs.
Apps and channels of Wellx
Wellx publishes 2 mobile apps with over 1K+ downloads.
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 $2M
- Total Rounds 2
- Last Round Seed — $2M
- Investors Count 10
All 2 funding rounds of Wellx with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2023 | $2M | Seed | – | Dubai Future District Fund | |
| Sep 2022 | Seed | – | DIFC | – |
10 investors in total: 10 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are provided by DASH Ventures. | dashventures.com | |||
Venture capital and acceleration are provided to tech startups. | 500.co | Ho Chi Minh City, Vietnam | ||
Private equity and funds of funds focused on early to mature stage companies and multiple funds | sanabil.com | Riyadh, Saudi Arabia | ||
Early-stage venture capital is provided to MENA startups by Plus VC. | plus.vc | |||
A diversified evergreen venture fund is managed for accredited investors. | loyal.vc | Toronto, Canada | ||
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
Annex Investments is recognized as a hybrid venture single-family office in the MENA region. | annexinvestments.com | Abu Dhabi, United Arab Emirates | ||
Manages a funds-of-funds portfolio with investments across multiple sectors. | 2021 | dfdf.vc | Dubai, United Arab Emirates | |
Investment management services are provided by Aditum for regional investors. | 2018 | aditumim.com | Dubai, United Arab Emirates | |
Global financial centre promoting trade, investment, and innovation in Dubai. | 2004 | difc.ae | Dubai, United Arab Emirates |
Investor details for Wellx
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Wellx
6 people are tracked at Wellx (2 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Vaibhav Kashyap | Co-Founder & CEO | Leadership |
Javed Akberali | Co-Founder | Leadership |
Sabina Nassar | Avp - Distribution | Team |
Aneesha Shaju Skilen | Senior Cx Champion | Team |
Hishaam Shaikh | Senior Associate - Distribution | Team |
Sophia Petkova - Dubbiosi | Avp - Strategic Projects | Team |
Complete people profiles for Wellx
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Wellx
3 dated milestones of Wellx across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Wellx is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $2.0M.
Web traffic of Wellx
The website of Wellx (wellxai.com) receives about 3.1K visits a month.
- Monthly visits3.1K
▼ 31.6% vs previous month
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Frequently Asked Questions about Wellx
Wellx was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Wellx is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Vaibhav Kashyap is the CEO of Wellx, as recorded in our data. They have also founded this company.
Wellx is a funded company, having raised a total of $2M across 2 funding rounds to date.
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.
Wellx offers Wellx Mobile App and WHOOP 4.0 Integration.
Wellx has 10 investors. Key investors include Plug and Play Tech Center, Dubai Future District Fund, DASH Ventures, 500 Global, and Sanabil.
Wellx operates through Wellxai Technologies Limited.
Yes. Wellx publishes Wellx and 1 more app, with over 1,000 downloads.