LISSUN Nets $2.5 Mn To Fuel Its Mental Health Offerings
by Garima Ranjan · Inc42SUMMARY
- The round also saw participation from Multiply Ventures and Atrium Angels, along with existing investors, including IvyCap Ventures, Sucseed Ventures and Zerodha’s Rainmatter among others
- LISSUN aims to address contemporary mental health issues by offering expert guidance, therapies, and comprehensive solutions for emotional and mental well-being
- The latest round brings the company’s total funding to around $5Mn (around INR 40 Cr)
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Gurugram-based mental health platform LISSUN has raised $2.5 Mn (around INR 20.7 Cr) in a Pre-Series A funding round led by RPSG Capital Ventures.
The round also saw participation from Multiply Ventures and Atrium Angels, along with existing investors, including IvyCap Ventures, Sucseed Ventures and Zerodha’s Rainmatter among others.
The startup will use the fresh funding to boost its technological innovation, improve product offerings, roll out new services and forge partnerships with healthcare institutions.
Founded in 2021 by Krishna Veer Singh and Tarun Gupta, LISSUN aims to address contemporary mental health issues by offering expert guidance, therapies, and comprehensive solutions for emotional and mental well-being.
LISSUN employs psychologists, speech therapists, occupational therapists, and behavioural therapists and through its unique model, reaches out to individuals, who are unaware of their mental health and developmental issues, offering support and comprehensive care at their point of need.
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“With this investment, we are further empowered to deliver high-quality, accessible mental health care to those who need it most, driving significant advancements in the field and setting new benchmarks for excellence in mental health care across India,”said Singh.
The latest round brings the company’s total funding to around $5Mn (around INR 40 Cr).
The Indian mental wellness startup landscape includes well-funded players such as Amaha, Sukoon, Trijog, YourDOST and Mitsu among others, to have raised capital in the past couple of months .
For instance, in April, AI powered mental health startup IWill received an undisclosed amount of funding from tech major Microsoft’s ‘AI for Accessibility’ (AI4A) programme.
In January, Amaha Health (erstwhile InnerHour) secured INR 50 Cr (around $6 Mn) in a fresh funding round led by Fireside Ventures, with participation from a host of angel investors and family offices.