Mental Health Platform LISSUN Raises $1.3 Million in Seed Funding

The recently secured funds will be directed towards improving LISSUN's technology and product offerings, enlarging its range of mental health services, and forging partnerships with healthcare institutions and other organisations.

LISSUN, a mental health platform, has successfully secured $1.3 million in a seed funding round led by Inflection Point Ventures (IPV) and Rainmatter Capital from the Zerodha Group. To date, LISSUN has raised over $2.3 million in funding, according to a company statement.

The funding round also saw the participation of existing investors, including IvyCap Ventures, WFC, Growx Ventures, and several prominent angel investors.

The newly acquired funds will be allocated towards enhancing LISSUN's technology and product offerings, expanding its mental health services, and establishing partnerships with healthcare institutions and other organisations.

Dr Krishna Veer Singh, the director and cofounder of LISSUN, stated, "This investment signifies the validity of our approach to delivering scalable solutions within the mental health landscape. Our investors' expertise and backing will empower us to improve our offerings and extend our reach. With this injection of capital, we take a step forward in realising our vision of solving mental health at scale."

LISSUN employs a B2H2C (Business to Healthcare to Consumer) strategy, collaborating with healthcare institutions to address high-stress use cases across various domains, including infertility, rehabilitation, nephrology, oncology, and more.

This approach extends to the education sector, aligning with LISSUN's mission to make mental health solutions accessible and affordable to a broader demographic. The platform has already established more than 150 partnerships with industry players in healthcare and education.

Vinay Bansal, founder of Inflection Point Ventures, highlighted LISSUN's efforts in creating scalable mental and emotional healthcare solutions. He emphasised the importance of their B2H2C model and dedication to reimagining traditional solutions. Bansal expressed confidence in LISSUN's work, expecting it to have a significant impact on reshaping the approach to mental health.

Rainmatter Health, supported by Nithin Kamath, the founder of Zerodha, made its first-ever investment in the mental health industry by backing LISSUN.

Dilip Kumar, who leads Rainmatter Health, emphasised the prevailing stigma and neglect surrounding mental health issues in India.

He underscored the need to raise awareness and address societal barriers and misconceptions related to mental health. Kumar expressed Rainmatter Health's commitment to partnering with LISSUN as they tackle these pressing issues.

LISSUN's successful funding round demonstrates a growing recognition of the importance of mental health solutions in India and the potential for innovative approaches to address mental health challenges.

With the support of investors, LISSUN is well-positioned to develop its offerings further and contribute to the transformation of mental healthcare in the country.

Established in August 2021 by Krishna Veer and Tarun Gupta, Lissun is a comprehensive mental health and wellness platform. It is dedicated to offering mental health solutions to individuals, corporations, and healthcare institutions.

Lissun recognises that the primary challenges in this field are the lack of awareness and the stigma associated with mental health issues. Its distinctive Go-To-Market (GTM) strategy is designed to address and resolve these issues.