STARTUPS

Lissun Raises $1 Million Financing in Pre-Seed Round from IvyCap Ventures

Picture Source: Internet

Lissun, a mental and emotional health startup, announced closing its $1 million pre-seed financing.


“This model has delivered impressive growth across all aspects of the brand. With this round, its philosophy and model have also gained the trust of investors. We are delighted that with the right guidance from our investors, we will be able to accelerate our ambition to address mental health at scale in India and beyond.”


Founded by two senior executives, Dr Krishna Veer Singh and Tarun Gupta, the startup aims to address mental health problems at scale by providing full-stack solutions.


The mental health startup currently operates in 17 cities in India and provides contextual solutions across six healthcare categories.


The founders said the company would use the newly raised funds to strengthen the technical backbone of the product and further develop it to provide a seamless experience. The plan will expand operations in 25 cities and 5 new therapeutic areas.


Vikram Gupta, founder and managing partner of IvyCap Ventures, said: “Lissun is actively serving the mental health field by working with healthcare partners and medical practitioners from across the field and reaching out to the uninitiated.”


The round, led by IvyCap Ventures, saw participation from consortia such as We Founder Circle and Supermorpheous, as well as large angel investors such as Gaurav Munjal, Co-founder and CEO of Unacademy, Harsh Jain, COO, Groww.

Get Daily Prediction & Stocks Tips On Your Mobile