Ex-CEO of Gaana Launches Spiritual Wellness Platform OMI
Ex-CEO of Gaana Prashan Agarwal has teamed up with former Nexus Venture partner to create OMI. to found
OMI has raised an undisclosed fund amount from Nexus Ventures
OMI will use funds to recruit talent in product, technology and operations
The former CEO of the popular online music streaming platform Gaana Prashan Agarwal has launched a spiritual wellness platform OMI. Agarwal, who is also the co-founder of PropTiger, an online real estate company, came up with Aniket Lila from former Nexus Venture Partners to start OMI.
OMI is an online spirituality and wellness platform that aims to combine ancient Vedic methods with a new age lifestyle. The company’s app is currently available for download from the Google Playstore.
Nexus Venture Partners has invested an undisclosed amount in OMI. At the launch, Agarwal said: “Today the world is facing a multitude of changes in our lives, in terms of the way we live, connect, we hug, unprecedented things we go through and this has affected the spiritual, devotional and Mental wellbeing all impacted by us. In addition, the spread of the Internet and digital payments in the Indian population is at an all-time high and growing. This dynamic makes the market ripe for innovations in this category. “
According to Agarwal, OMI is used to recruit talent in product, technology and operations.
An IIT Kharagpur alumni for the past few years, Agarwal held several roles before becoming a serial entrepreneur. He was Vice President at Naukri.com for four years. His most notable role was as CEO of Gaana for a period of 5 years. Under his leadership, Gaana’s monthly active users increased from 10 million to 180 million and brought in an additional $ 200 million from Tencent.
Lila, the other co-founder and COO of OMI on launch, said they are disrupting a nearly 4,000 year old market in India by giving Millennials the best of what ancient India has to offer in convenient, private, holistic ways and provide a personalized platform.
He claimed that OMI will be a personal spiritual guide. “Our mission is to make the world a happier place. Most Indians are spiritual and this gives us a chance at the blue ocean, ”he added. He added that the company’s goal is to improve the welfare of 10 Mn over the next five years.
Since the beginning of the pandemic, the discussion about mental health has taken place on a much larger scale. As people continued to stay indoors, cut social ties, and work from home, awareness of mental health continued to grow. According to the Kaiser Family Foundation Health Tracking Survey from July 2020 found that many adults in the United States report negative effects on their mental health and well-being, such as insomnia (36%), eating (32%), increases in alcohol or drug use (12%), and worsening chronic illnesses (12%) due to concerns and stress about the coronavirus.