Lissun, a prominent mental health company recently closed pre-Series A funding at $2.5 million. This round was led by RPSG capital ventures-angular ventures new investors included Multiply ventures, Atrium Angels, Ivycap ventures, Rainmatter, and Sucseed ventures. This round of funding takes Lissun up to $5m in total funding to date, proof of increasing investor interest in the platform and its new modalities for digital healthcare.
Vision of Lissun
Lissun was founded in 2021 by Dr. Krishna Veer Singh and Tarun Gupta and has quickly entered the mental health field with its services. The company based in Gurgaon partners with healthcare, corporate, and educational entities to offer holistic solutions for high-stress situations including diseases, exams, and working pressures. The proposed all-encompassing plan of Lissun includes a division named Sunshine by Lissun that provides Child Development services for ASD, ADHD, and Learning disorders.
Funding Details
The funding of $2.5 Million in this pre-Series A round will be instrumental in scaling up a network of Lissun’s centers, improving technology support to centers, and diversifying services offered to clients. It aims to utilize the funds to get newcomer who may be lacking information about their mental health and developmental state, to provide customized and full-spectrum care at the exact time they require it.
The Co-founder & Chief Executive Officer of Lissun, Krishna Veer Singh said, “This Pre-Series A funding reinforces Lissun’s mission to solve mental health at scale. It equips us with the crucial resources needed 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.”
Quotation Source: BWDISRUPT
Innovative Growth Model
Lissun has transformed over 75,000 people’s lives by providing over 100,000 mental health sessions. Lissun’s “phygital” strategy has been linked to the establishment of a sustainable and accessible platform for mental health care. This approach has eased the task of asking for help and made it easier for minority and excluded customer groups.
The Founder and Managing Partner, of IvyCap Ventures, Vikran Gupta said, “Our continued investment in Lissun reflects our unwavering confidence in their mission and the immense potential they hold to transform mental health care across India. Lissun’s dedication to addressing both awareness and accessibility issues within mental health, especially through the Sunshine division, sets them apart in the industry. 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.”
Quotation Source: BWDISRUPT
Success Story and Market Impact
The mental health sector is also in a process of transformation in India due to rising awareness levels and the integration of technology. Lissun’s success story may characterize the increasing appreciation of mental health and the necessity for the availability and efficacy of treatment services. Technology and a broad concept in executing the vision make Lissun ready for effecting change in the changing environment. The ability to combine physical and digital services, allows the company to meet the vast majority of people’s needs in mental health, from chronic diseases to exams stress and workplace stress. This approach not only adds value to care and heals people but also provides the possibility to avail more and more people.
Conclusion
The latest financial investment of $2.5 million raised pre-Series A funding round vis-a-vis RPSG Capital Ventures can be regarded as a major step forward in Lissun’s mission of changing mental health care in India. By emphasizing the importance of innovation, accessibility, and the provision of comprehensive care, Lissun is set to leave its mark on the mental health space.
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