LISSUN, an Indian mental health platform, has raised $1.3 million in seed funding. The investment round was led by Inflection Point Ventures (IPV) and Rainmatter Capital of Zerodha Group. The round also saw participation from Existing investors IvyCap ventures, WFC, Growx ventures and a few other marquee angel investors. With this round, LISSUN’s total investment accounts for $2.3 million.
The fresh funding will be strategically allocated to enhance their technology and product offerings further, expand their services, and cultivate meaningful partnerships with healthcare institutions and other organisations.
Dr. Krishna Veer Singh, Director & 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. 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.”
Vinay Bansal, Founder, Inflection Point Ventures, noted: “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 stated, “Mental health issues in India are often neglected and stigmatised. 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, said, “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.”
Existing investor Tej Kapoor, Managing Partner, IvyCap Ventures, added, “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.”
Holistic approach towards mental health
Founded in 2021 by industry veterans Dr. Krishna Veer Singh and Tarun Gupta, LISSUN is on a mission to solve mental health issues at scale, reaching out to the unaware population and focusing on the physical health issues affecting their mental well-being.
The platform offers end-to-end care for mental health, leveraging tech tools for self-diagnosis and delivering holistic treatments to patients. With its unique phygital approach, LISSUN caters to
specific needs in Psychiatry, Rehabilitation, Infertility/Maternity, Child, and Education.LISSUN revolutionises mental healthcare through a holistic approach encompassing Awareness, Acceptance, Anonymity, Access, Affordability, and Assurance. It collaborates with healthcare institutions to effectively address high-stress use cases across domains such as infertility, rehabilitation, nephrology, oncology, and more. This unique approach extends to the education sector, aligning with LISSUN’s mission to make mental health solutions accessible and affordable to a broader demographic.
LISSUN recently introduced a comprehensive Children’s Mental and Behavioural Health initiative, branded as ‘Sunshine by LISSUN,’ a network of full-stack centres dedicated to assisting children facing developmental or behavioural challenges.