Mental wellness startup Lissun raises $1M led by IvyCap, others

Gurgaon-based mental wellness startup Lissun has raised $1 million in a pre-Seed funding round led by IvyCap Ventures, along with the participation from We Founder Circle and Supermorpheous.

The round also saw participation from marquee angel investors, including Gaurav Munjal (Unacademy), Harsh Jain (Groww), Sandeep Aggarwal (ShopClues), Pavan Vaish (Founder of IBM Daksh and ex-CEO of IBM India), Sasi Kuppannagri (Senior technocrat, Amazon and Intel, USA), Pradeep Parameswaran (VP at Uber), Vikas Bhadoria (Senior Partner at McKinsey & Company), Praveen Sinha (Managing Director at PinCap) and others.

According to the company's statement, the startup will use the raised capital to strengthen the product's technology backbone and develop it further to provide a seamless experience. It will also focus on expanding to 25 cities and 5 New categories.

Founded in 2021 by Krishna Veer Singh and Tarun Gupta, Lissun helps people to identify mental health issues and help them cure through therapy, counselling and mediation among others.

The startup currently has its health centres in Delhi, Gurugram, Ghaziabad, Noida, Muzaffarnagar, Lucknow, Pune, and others. It also partners with hospitals and wellness establishments for high-stress use cases such as infertility, rehabilitation, nephrology and oncology among others. 

"While we always wanted to get into the mental health and serve the customers, it was a challenge to devise the most effective way. The model we work on reaches a wider audience and penetrates deeper into the challenge. The very fact that mental and emotional issues can be an underlying problem in many medical cases is what we have identified and are working on proactively," said Krishna Veer Singh.

Speaking on the investment, Vikram Gupta, Founder & Managing Partner, IvyCap Ventures, said, "Many startups entered the mental health space in the last couple of years, but Lissun has been able to distinguish its strategy and business model. The B2H2C approach that it has taken allows the brand to reach its customers efficiently."

"Lissun serves the mental health space proactively by associating with healthcare partners and medical practitioners from across the field and reaching the unaware," Vikram said.

Also Read:

• Design-focused retail brand Chumbak raises Rs 3Cr through Klub

Follow IndianStartupNews on Facebook, Instagram, Twitter for the latest updates from the startup ecosystem.