Wednesday, February 21, 2024
HomeStart UpMental well-being tech startup LISSUN bags $1.3mn in seed round

Mental well-being tech startup LISSUN bags $1.3mn in seed round

LISSUN, one of India’s leading mental health platforms, has raised $1.3M in a seed round led by Inflection Point Ventures (IPV) &  Rainmatter Capital (Zerodha Group). Existing investors IvyCap Ventures, WFC, Growx Ventures, and a few other prominent angel investors participated in the round as well. So far, LISSUN has received funding totaling over $2.3 million.

The funds will be used strategically to advance their technology and product offerings further, expand their services, and build significant partnerships with healthcare institutions and other organizations.

Through a comprehensive strategy that includes Awareness, Acceptance, Anonymity, Access, Affordability, and Assurance, LISSUN is at the forefront of transforming mental healthcare. LISSUN works with healthcare organizations to address high-stress use cases across domains like infertility, rehabilitation, nephrology, oncology, and more by utilizing an original B2H2C (Business to Healthcare to Consumer) strategy. This distinctive strategy also applies to the educational field and is consistent with LISSUN’s mission to make mental health solutions available and affordable to a broader demographic. The platform’s 150+ partnerships with top players in the healthcare and education sectors further demonstrate its impressive reach.

Dr. Krishna Veer Singh, Director & Co-founder of LISSUN, says, “This investment signifies the validity of LISSUN’s innovative approach in delivering scalable solutions within the mental health landscape. In a very short period of time, LISSUN has become one of the largest in the field and breaking the syndrome of 6As of Mental Health. We extend sincere gratitude to our investors for placing their trust in LISSUN. Their expertise and backing will empower us to enrich our offerings and extend our reach. With this injection of capital, we take a significant step forward in realizing our vision of solving mental health at scale, and everyone can access the care and support they rightfully deserve.“

Vinay Bansal, Founder, Inflection Point Ventures, says “In today’s day and age, everyone has a high-stress life with multiple responsibilities.  In our society, physical problems are attended to actively, and mental health is more often neglected and kept on the back burner. We are still unaware of how to deal with mental issues as a stigma is attached to it. LISSUN’s remarkable prowess and strategic acumen in creating scalable mental and emotional healthcare solutions are commendable. Their pioneering B2H2C model and unwavering dedication to reinventing conventional solutions underscore their profound understanding of the opportunities and challenges within this sphere. We are confident that their groundbreaking work will have a lasting impact, reshaping the approach to mental health.”

Rainmatter Health backed by Zerodha founder Nithin Kamath made its inaugural investment in the Mental Health industry with LISSUN.  Dilip Kumar who heads Rainmatter Health states “Mental health issues in India are often neglected and stigmatized. There is a growing need to build awareness to address the societal barriers and misconceptions surrounding it. At Rainmatter Health, we are glad to join Lissun in their journey as they try to tackle these issues”

Tarun Gupta, Director & Co-founder of LISSUN, also added his perspective, saying, “Our journey with LISSUN has been driven by a shared commitment to redefining mental healthcare. We are a product-first company and build our products to deliver mental health effectively, seamlessly, and affordably. This investment will further our product & technology and extend our outreach, making quality & affordable mental health solutions accessible to a broader audience.”

LISSUN’s rapid expansion into more than 40 cities across India is a result of its unwavering commitment to reshaping mental healthcare. ‘Sunshine by LISSUN,’ a network of full-stack centres dedicated to help children with developmental or behavioural challenges, was recently introduced by LISSUN to further bolster their offering portfolio.

Existing investor Tej Kapoor, Managing Partner, IvyCap Ventures, adds, “The remarkable growth journey undertaken by the LISSUN team since our initial partnership last year brings us immense joy. Their unique vision and unwavering commitment to excellence position them as trailblazers in this industry. We take pride in being part of their journey.”

Subscribe To Newsletter

ICYMI

BRL Editor
BRL Editorhttps://businessreviewlive.com
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.