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LISSUN, an India-based mental health platform, has raised $1.3 Million in series seed round funding led by Inflection Point Ventures (IPV) and Rainmatter Capital (Zerodha Group).
The round also saw participation from its existing investors as IvyCap Ventures, We Founder Circle, Growx Ventures, and other angel investors.
“The funds will be strategically allocated to enhance their technology and product offerings further, expand their services, and cultivate meaningful partnerships with healthcare institutions and other organizations,” LISSUN in its statement said.
Speaking about the funding round, Dr. Krishna Veer Singh, Director and co-founder of LISSUN, said, “This investment signifies the validity of LISSUN’s innovative approach in delivering scalable solutions within the mental health landscape. In a very short period, 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.”
“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,” Tarun Gupta, Director and co-founder of LISSUN added.
Commenting on the investment in the mental health platform, Vinay Bansal, Founder, of Inflection Point Ventures said, “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.”
“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,” Dilip Kumar, Rainmatter Health added.
Further adding to the statement, Tej Kapoor, Managing Partner, IvyCap Ventures, said, “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.”