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Evolve, a mental health startup LGBTQ+ community, raises Rs 2.5Cr led by IAN

IndianStartupNews

IndianStartupNews · 1y ago

Evolve, a mental health startup LGBTQ+ community, raises Rs 2.5Cr led by IAN

Evolve, a mental health startup focused on the LGBTQ+ community, has raised a follow-on funding round of Rs 2.5 crore. Led by the Indian Angel Network (IAN), the round also saw participation from strategic angels. Evolve plans to use the funds to expand its offerings on the app and cater to Diversity, Equity, and Inclusion (DEI) initiatives within corporates. With over 600,000 users worldwide, the startup aims to provide affordable and inclusive mental health care through its curated content, community support groups, and coaching services.

Related News

LGBTQ+ creators brace for Meta's pro-Trump changes

Economic Times

Economic Times · 7m ago

LGBTQ+ creators brace for Meta's pro-Trump changes

Meta's recent policy changes, perceived by critics as pandering to Trump, allow more incendiary language on its platforms, concerning LGBTQ+ creators. These changes may permit hateful discourse, risking harm to creators' mental health and livelihoods. Some creators, while anticipating increased negative engagement, see potential for greater visibility. Concerns include impacts on brand partnerships and the need for creators to diversify across platforms. Despite challenges, many LGBTQ+ creators remain committed to advocating for their community.

Former Ola exec Pranay Jivrajka’s sexual wellness startup Allo raises Rs 16 crore from Zerodha’s Rainmatter, others

Economic Times

Economic Times · 5m ago

Former Ola exec Pranay Jivrajka’s sexual wellness startup Allo raises Rs 16 crore from Zerodha’s Rainmatter, others

Allo Health, a sexual wellness startup founded by former Ola executive Pranay Jivrajka, raised Rs 16 crore in a funding round led by Zerodha's Rainmatter. The funds aim to expand clinic networks, enhance technology, and improve patient engagement. Supported by Flipkart’s Binny Bansal, Allo Health combines physical clinics with AI-driven treatment and plans to enter the mental health segment. It highlights the need for accessible sexual healthcare in India, treating over 200,000 patients across 35 clinics.

Lissun providing mental, emotional health solutions raises $1.3M led by IPV, Rainmatter, others

IndianStartupNews

IndianStartupNews · 1y ago

Lissun providing mental, emotional health solutions raises $1.3M led by IPV, Rainmatter, others

Gurgaon-based startup Lissun, specializing in mental and emotional health solutions, secured $1.3 million in seed funding, led by Inflection Point Ventures and Rainmatter Capital, a Zerodha subsidiary. Existing investors IvyCap Ventures, WFC, Growx Ventures, and angel investors also participated. Lissun will use the funds to enhance technology, expand services, and establish partnerships with healthcare institutions. Founded in 2021, Lissun offers tech-enabled mental health solutions, including therapy and guidance. They aim to address mental health challenges at scale, with over 15,000 paying customers and 30,000 therapy sessions conducted in 30 Indian cities.

Wundrsight raises $400K in seed round led by IPV

Entrackr

Entrackr · 11m ago

Wundrsight raises $400K in seed round led by IPV

Wundrsight, a digital therapeutics startup, has raised $400K in its seed round led by Inflection Point Ventures. Social Alpha has also joined the round along with other angel investors. The proceeds will be used to expand its hospital and clinic partnerships network across India and ramp up the development of its VR-based mental health solutions, the company said in a press release. Co-founded by Raunak Swarnkar, Wundrsight focuses on digitising and standardising mental health therapy using the immersive nature of Virtual Reality (VR). The startup has also been backed by Meta (Facebook parent), DLabs at the Indian School of Business, IIT Mandi Catalyst, and NASSCOM. Currently operating in three metro cities, Wundrsight claims to have already secured contracts with over 5 hospitals, with additional partnerships with private and government hospitals underway. Offering more than 6 VR therapy products, the startup has treated over 1,000 patients across various mental health conditions, including substance use disorders, OCD, anxiety, phobia, and autism, with clinician-administered therapies. According to market research, India’s mental health market valuation is projected to reach approximately $62.86 billion by 2032, up from $6.89 billion in 2023, with a compound annual growth rate (CAGR) of 28.16%.

AmpereHour Energy, Allo Health secure early-stage funding

VCCircle

VCCircle · 5m ago

AmpereHour Energy, Allo Health secure early-stage funding

AmpereHour Energy and Allo Health have secured early-stage funding. AmpereHour Energy raised $5 million in a Series A funding round led by Avaana Capital, aiming to expand its energy storage solutions and R&D efforts. Allo Health raised Rs 16 crore in a pre-Series A round led by Rainmatter. The sexual health startup plans to use the funds for clinic expansion, technology enhancement, and entering mental health services, having previously served over 200,000 patients in India.

Raipur's BetterSpace raises pre-Seed funding of Rs 45 lakh led by PedalStart

IndianStartupNews

IndianStartupNews · 1y ago

Raipur's BetterSpace raises pre-Seed funding of Rs 45 lakh led by PedalStart

Raipur-based mental healthtech startup BetterSpace has raised Rs 45 lakh in a pre-seed funding round led by PedalStart. The funding will be used to enhance offline and online services, develop new products, improve marketing and brand visibility, optimize technology and app accessibility, and attract new talent. BetterSpace offers psychologist-led counseling, workshops, and community engagement programs, and has conducted over 5000 offline sessions impacting over 2 lakh people. They plan to launch innovative solutions and expand their operational footprint in India and internationally.

Mental health startup Amaha raises $4.4 Mn in Series A

Entrackr

Entrackr · 1y ago

Mental health startup Amaha raises $4.4 Mn in Series A

Mental health startup, Amaha (formerly InnerHour), has raised $4.4 million in an extended Series A funding round led by Fireside Ventures. This is the first funding round for the Mumbai-based company in the last two years. The investment will help Amaha in its mission to bridge the mental health treatment gap in India. The platform operates through a team of 140+ psychiatrists and psychologists, with three in-person centers in Delhi, Mumbai, and Bengaluru. Amaha's revenue from operations increased significantly in FY23, but losses also grew during the same period.

Teale, your mental health companion at work, raises $11 million

TechCrunch · 1y ago

Teale, your mental health companion at work, raises $11 million

French startup Teale has raised $11 million (€10 million) in a Series A funding round led by Alter Equity and Bpifrance’s Digital Venture fund, with participation from existing investors Isai and Evolem. Teale offers a mental health platform for employees, enabling HR managers to identify and address issues related to mental health and well-being within the organization. The platform includes surveys, access to a content library, and the option to book appointments with psychiatrists or psychologists. Teale plans to use the funds to expand its team and expand to new countries.

Wake-Up Call for Start-Up Founders: Table Space CEO’s Death Raises Mental Health Concerns

OutlookIndia

OutlookIndia · 7m ago

Wake-Up Call for Start-Up Founders: Table Space CEO’s Death Raises Mental Health Concerns

The tragic death of Table Space co-founder Amit Banerji from a heart attack at 44 highlights the severe mental health issues and stress-related health risks prevalent among start-up founders. Founders face immense pressure to meet investor demands and scale businesses, often at the cost of their well-being. Experts emphasize the need for balance, suggesting regular breaks, mentorship, and community support to tackle the pressing mental health crisis and promote sustainable entrepreneurship practices.

Mental health and wellness startup GoodLives raises pre-seed round

Entrackr

Entrackr · 8m ago

Mental health and wellness startup GoodLives raises pre-seed round

Mental health and wellness platform GoodLives has secured Rs 1.1 crore in a pre-seed funding round from IIM Lucknow, Rabindranath Tagore University (RNTU), and other investors such as Anupreet Singh, Deepak Motwani, Abhishek Hota, and Build3. The proceeds will be utilized to expand its reach and elevate offerings, improve the platform's features and functionality, broaden its activities, and enter new markets, GoodLives said in a press release. Co-founded in 2022 by Sakshi Shah and Lawrance Bamania, GoodLives is an AI-driven mental health and wellness platform that aims to make mental health support accessible, impactful, and personalized. The platform bridges the gap between professional therapy and everyday well-being through a unique blend of AI-powered DIY exercises and expert-led interventions. According to the Gurugram-based company, with the help of AI-powered do-it-yourself workouts and expert therapy, the platform offers individualized and effective holistic health solutions. It aims to focus on large and mid-sized corporations and aspires to enhance employee engagement and well-being through tailored programs. GoodLives says it has already raised awareness of mental health issues among more than 5 million people. Notably, the business has started a LinkedIn campaign to de-stigmatize discussions around mental health and claims to have received significant praise for its creative awareness-raising strategy.

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