Wellxai Technologies Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Wellxai Technologies Limited - overview
Established
2021
Location
Dubai, -, United Arab Emirates
Primary Industry
Insurance
About
Based in Dubai, UAE, and founded in 2021 by its CEO, Vaibhav Kashyap, and co-founder Javed Akberali, Wellxai Technologies Limited trading as Wellx, operates as a health and wellness-focused insurtech platform that gives cashback for wellness. In July 2023, Wellx raised USD 2 million in seed funding led by Dubai Future District Fund, with participation from Aditum Investment Management, Annex Investments, DASH Ventures, Loyal Venture Fund Group, Plug and Play Ventures, Plus Venture Capital, and Sanabil Investments. Wellxai Technologies Limited lineup of products, includes insurance plans integrated with fitness devices and subscriptions from brands like WHOOP, a device that helps to optimize sleep, and performance; Fitbit, a brand in wearable technology that enables users to monitor daily activity and track workouts to reach fitness goals. The company also offers mobile applications that track and display the user's wellness progress, and help to earn xCoins, which can be utilized to avail discounts and offers within the Wellx platform.
The company plans to use the July 2023 seed funding to grow its team and expand its market.
Current Investors
Plug and Play, DASH Ventures, Loyal Venture Fund Group
Primary Industry
Insurance
Sub Industries
Consumer Electronics, Health Insurance
Website
www.wellxai.com
Verticals
E-commerce, InsureTech, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Wellxai Technologies Limited - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.