Lissun Raises $2.5 Mn in Pre-Series A Funding

The round also saw participation from new investors, such as Multiply Ventures and Atrium Angels, alongside existing investors Ivycap Ventures, Rainmatter, and Sucseed Ventures. 

Lissun, a Gurugram-based mental health startup, has raised $2.5 million in a Pre-Series A funding round led by RPSG Capital Ventures. 

The round also saw participation from new investors, such as Multiply Ventures and Atrium Angels, alongside existing investors Ivycap Ventures, Rainmatter, and Sucseed Ventures. 

This brings Lissun's total funding to approximately $5 million. The funds will primarily expand services, enhance technology, grow the team, and increase accessibility to mental health care services across India.

Sharing thoughts, Lissun’s co-founder and CEO, Dr Krishna Veer Singh, said, “This capital equips us with crucial resources to expand our services, enhance our technology, grow our team, and increase our reach. With this investment, we are further empowered to deliver high-quality, accessible mental health care to those who need it most, driving significant advancements in the field and setting new benchmarks for excellence in mental health care across India.”

According to him, the startup’s main focus remains on using technology to address mental health challenges. 

Reportedly, the raised capital is expected to accelerate its efforts to innovate in AI-driven solutions, leveraging the company’s insights from its physical mental health centers. 

Tarun Gupta, Director and Co-founder of Lissun, said, “This boost will empower us to develop AI-driven solutions. Our unique insights from our physical centers will allow us to create robust, effective products that make a real difference in the lives of families.”

Investors’ Backing Lissun

RPSG Capital Ventures, the lead investor in this round, expressed confidence in the startup’s potential to scale its operations and reach a broader audience. 

Sambit Dash, Partner at RPSG Capital Ventures, noted, “Our investment reflects our confidence in their vision and the potential to expand their reach, ultimately benefiting millions across the nation.”

“As they scale their impact on mental health and development issues, we believe they are poised to make notable strides in offering critical support where it's most needed, fostering a positive change in the mental health landscape,” Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, one of Lissun’s existing investors, added. 

Lissun’s Upcoming Plans 

Lissun aims to use this funding to scale its services across India and make mental health care more accessible to underserved populations. The startup has been working on providing both online and offline mental health solutions, including therapy, counseling, and specialized care services. 

With the backing of prominent investors, the startup aims to set higher standards in delivering mental health services backed by technological advancements and data-driven insights.

The funds will also enable Lissun to grow its team, focusing on recruiting more mental health professionals, technologists, and operations experts to meet the increasing demand for its services.

While the investment focuses on scaling operations and expanding reach, Lissun is also expected to invest significantly in research and development. This will allow the startup to develop new solutions that address critical gaps in the mental health ecosystem in India, particularly regarding accessibility and affordability.

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