LISSUN, a mental health platform, has raised $1.3 million in a seed round, led by Inflection Point Ventures (IPV), and Rainmatter Capital, the company said on Monday, September 4. In the round, existing investors like IvyCap Ventures, WFC, Growx Ventures, and a few other marquee angel investors also participated.
Rainmatter Health is backed by Zerodha founder Nithin Kamath. Dilip Kumar, who heads Rainmatter Health, commented, “Mental health issues in India are often neglected and stigmatised. There is a growing need to build awareness to address 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.”
With this, the company has raised over $2.3 million in funding to date.
LISSUN plans to use the fund to enhance its technology and product offerings, expand services, and cultivate meaningful partnerships with healthcare institutions and other organisations.
Founded in 2021, LISSUN is headquartered in Gurugram. LISSUN aims to solve mental health issues at scale, reaching out to the unaware population and focusing on physical health issues affecting their mental well-being. It offers end-to-end care for mental health, leveraging tech tools for self-diagnosis and delivering holistic treatments to patients. The platform caters to specific needs in psychiatry, rehabilitation, infertility and maternity, child, and education.
“In a very short period, LISSUN has become one of the largest in the field, 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 realising our vision of solving mental health at scale, and everyone can access the care and support they rightfully deserve,” said Krishna Veer Singh, director and co-founder of LISSUN.
Recent developments in startup space
Smart communication app HeyoPhone has raised $500,000 funding from super-angels Aakash Chaudhry, co-founder of Aakash Educational Services (Aakash-Byju’s); Amit Chaudhary, co-founder of Lenskart; and Dinesh Gupta, co-founder of Busy Accounting, the company announced last Monday (August 28, 2023).
In another development, Bengaluru-based venture capital fund gradCapital has launched its second fund of $6 million (about Rs 49 crore) to invest in students’ startups. The VC fund said on Friday it would offer a standard cheque of $40,000 (Rs 33 lakh) at 4 per cent equity in companies set up by students.
In the real estate space, Housing.com has tied up with global insurtech player BOXX to offer a cyber security plan for protecting its customers from digital fraud.
Bengaluru-headquartered payments company PhonePe has forayed into the stock broking business with the launch of Share(dot)Market under its subsidiary PhonePe Wealth Broking Pvt Ltd.
