Times Bridge invests in meditation startup Headspace

Meditation startup Headspace has raised $53 million in new equity funding and another $40 million in debt from investors which includes Times Bridge.

Times Bridge, which has previously invested in and partnered with many market-creating, mission-driven companies, including Airbnb, Coursera, Houzz, Smule, Uber and Wattpad, will help Headspace launch and scale in India, the world’s second largest internet market.

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. It has more than 62 million users across 190 countries.

By providing subcontinent-wide market leadership and drawing on the unmatched reach of Times Group assets, Times Bridge’s initiatives will ensure Headspace’s product, partnerships and positioning are optimized for adoption and impact across India.

Richard Pierson, Headspace co-founder and CEO said: “Headspace’s 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-honored 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 Headspace’s reach in the Indian market.”

Rishi Jaitly, CEO of Times Bridge, said: “Times Bridge’s mission is to bring the world’s best ideas to India, and share India’s 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. We’re delighted to work with a partner that sees India holistically and is ambitious about its opportunity to create value across the subcontinent.”

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(Times Bridge is a part of the Times Group which owns Times Internet, the publisher of this website)



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