Amidst 280 Mental Health Startups, LISSUN Makes its Mark with a Notable $1.3M Funding Round
Mental health platform LISSUN has made headlines by raising $1.3 million in a seed funding round led by Inflection Point Ventures (IPV) and Rainmatter Capital (Zerodha Group).
As per the startup, the freshly raised funds will be used to enhance its technology and product offerings further.
The startup also plans to expand its services and cultivate meaningful partnerships with healthcare institutions and other organizations. Existing investors IvyCap ventures, WFC, Growx ventures, and a few other marquee angel investors., also participated in the funding round.
LISSUN | Online Mental Health Counselling
Founded by Dr. Krishna Veer Singh and Tarun Gupta in 2021, LISSUN is a homegrown mental health platform that provides end-to-end solutions for mental and emotional health.
The Gurugram headquartered startup aims to address the rising challenge of mental illness in society. To do so, LISSUN provides individuals with the proper guidance, therapies, and solutions for their emotional and mental well-being.
Speaking about the development, Dr. Krishna Veer Singh, director and co-founder of LISSUN, said,
“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.”
As per Singh, the infusion of fresh capital into the startup will help it take a significant step forward in realizing its vision of solving mental health at scale, enabling everyone to access the care and support they rightfully deserve.
Including this funding round, the mental health platform has raised over $2.3 million to date in funding.
Statement from the investor
Commenting on the development, Vinay Bansal, Founder of Inflection Point Ventures, highlighted LISSUN’s remarkable prowess and strategic acumen in creating scalable mental and emotional healthcare solutions and called them commendable.
He added,
“Their pioneering B2H2C model and unwavering dedication to reinventing conventional solutions underscore their profound understanding of the opportunities and challenges within this sphere.
Highlighting confidence in LISSUN’s work, Bansal stated that IPV is confident that LISSUN’s groundbreaking work would have a lasting impact, reshaping the approach to mental health.
India is home to around 280 mental health startups. Only 37 out of these 280 have managed to raise funds till date. And total funds raised by them this year till early August were $1.7 million, as per ET.
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