Meditation app Headspace has announced an investment from Times Bridge as its Series C funding comprised $53 million of equity from participating investors and $40 million of debt capital. Times Bridge, a global investments and partnerships firm, will enable Headspace to launch and scale in India.
Times Bridge has previously invested in and partnered with many market-creating, mission-driven companies, including Airbnb, Coursera, Houzz, Smule, Uber and Wattpad.
As a platform for mindfulness and meditation, Headspace has more than 62 million users across 190 countries. Headspace is transforming the well-being and mindfulness space, with innovative partnerships with a range of global companies including Nike, Google, Starbucks, Hyatt and the NBA.
Times Bridge will enable Headspaceâs launch in the Indian market, accelerate its growth and advance its mission. By providing subcontinent-wide market leadership and drawing on the unmatched reach of Times Group assets, Times Bridgeâs initiatives will ensure Headspaceâs product, partnerships and positioning are optimised for adoption and impact across India.
Headspace will enable Indian users to integrate the practice of mindfulness and meditation into their daily lives, through easily accessible mindfulness routines, including sleep, movement and meditation, among other features. Even today, Indian users can explore bite-sized audio sessions on everything from focus and productivity to stress and anxiety. The courses are led by the guiding voice of co-founder Andy Puddicombe, a former Buddhist monk who spent 10 years traveling around the world, culminating with ordination as a Tibetan Buddhist monk in Northern India.
Richard Pierson, Co-Founder and CEO, Headspace, said, âHeadspaceâs mission is to improve the health and happiness of the world. While the scale and diversity of India is widely known, our opportunity to make a significant impact in the ancient home of meditation is unique. We are excited to pair this time-honoured 2,000-year-old practice and bring it to a large audience around the world. We are delighted to partner with Times Bridge and The Times Group to expand Headspaceâs reach in the Indian market.â
Rishi Jaitly, CEO of Times Bridge, said, âTimes Bridge's mission is to bring the worldâs best ideas to India, and share Indiaâs best insights with the world. Headspace is one of those bold, original trailblazer companies with founders and a wider team sincerely committed to a more mindful world, and to India in particular. Weâre delighted to work with a partner that sees India holistically and is ambitious about its opportunity to create value across the subcontinent.â