- The latest funding brings the company’s total capital raised to approximately $5M (~₹40 crore). Apart from RPSG Capital Ventures this round saw participation from new investor Multiply Ventures, alongside continued support from existing investors like IvyCap Ventures and Rainmatter by Zerodha.
- The fresh capital will enable them to expand network of centres, enhance technological infrastructure, and increase service offerings, thereby reaching more people in need.
30 September 2024, Gurgaon: LISSUN, one of India’s leading mental health platforms, has announced a successful Pre-Series A funding round, raising $2.5 Mn, marking a significant milestone in LISSUN’s continued growth and success. Round led by RPSG Capital Ventures, also saw new investors such as Multiply ventures and Atrium Angels joining in, along with continued support from existing investors such as Ivycap Ventures, Rainmatter and Sucseed Ventures. The latest funding brings the company’s total capital raised to ~$5M.
Since its inception, LISSUN has been at the forefront of transforming mental healthcare with a holistic approach centered on Awareness, Acceptance, Anonymity, Access, Affordability, and Assurance. With its innovative phygital approach, Lissun collaborates with healthcare, corporate, and educational institutions, delivering integrated solutions to address high-stress challenges like chronic illnesses, exam anxiety, and workplace pressure. Through a division called Sunshine by Lissun, the company offers world-class child development services in neurodevelopmental and behavioural disorders, such as Autism Spectrum Disorder, ADHD, Learning Disorders etc.
LISSUN employs psychologists, special educators, speech therapists, occupational therapists, and behavioural therapists and through its unique model, effectively reaches individuals who may be unaware of their mental health and developmental issues, offering contextualized support and comprehensive care at their point of need.
Reflecting on the fund raised, Dr. Krishna Veer Singh, Co-founder & CEO, of LISSUN, 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”.”
On the investment, Sambit Dash, Partner, RPSG Capital Ventures, affirmed, “We have been closely observing the evolution of mental health solutions in India and are impressed by LISSUN’s innovative approach through their phygital model. Their commitment to integrating physical and digital services to address all types of mental health needs aligns with the growing demand for comprehensive mental health support. Our investment reflects our confidence in their vision and the potential to expand their reach, ultimately benefiting millions across the nation.”
Sharing his thoughts on the investment, Vikram Gupta, Founder and Managing Partner from IvyCap Ventures noted, “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.”
Tarun Gupta, Director and co-founder of LISSUN added, “This funding marks a significant milestone in our journey at Lissun. From the beginning, we’ve been dedicated to expanding mental health care by leveraging technology, and now, with the rapid advancements in AI, we are poised to take this further. 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.”
With an extensive network of over 300+ partnerships across healthcare and education sectors, LISSUN demonstrates a solid commitment to broadening its impact and reach. This dedication has driven the platform’s rapid expansion, now serving more than 20+ cities across India and reinforcing its mission to revolutionize mental healthcare nationwide. To date, Lissun has impacted 75000+ live with no. 100000+ of mental health sessions. This rapid expansion is a testament to LISSUN’s commitment to making a significant impact in the field of mental health.
About LISSUN
Launched on August 15, 2021, and headquartered in Gurugram, LISSUN is a pioneering mental health platform dedicated to “Solving Mental Health at Scale.” The platform addresses the growing challenge of mental illness in society by offering comprehensive and contextualized solutions tailored to individuals and families. Founded by industry veterans Krishna Veer Singh and Tarun Gupta, LISSUN focuses on overcoming the 6As: Awareness, Acceptance, Anonymity, Access, Affordability, and Assurance.
LISSUN is committed to addressing mental health issues by delivering quality care enhanced by technology at the point of need. With its unique phygital approach, LISSUN caters to specific needs in Healthcare, Education, Corporate Sectors & Children.
About RPSG Capital Ventures
RPSG Capital Ventures is an early-stage consumer venture capital fund established in 2018. The fund typically invests in Series A rounds with first cheques of up to $5 million in the consumer brands ecosystem across F&B, beauty, health & wellness, entertainment, lifestyle goods and digital enabler categories. With 15+ investments including The Souled Store, mCaffeine, Perfora, Vedix and Plix, it has 3 active funds with a combined corpus of INR 750. RPSG Capital Ventures has a focused portfolio approach ensuring that the team can devote attention to each portfolio company and is strongly invested in their success, leading to a 90% success rate till date. For further details, visit: https://rpsgcapital.vc/
About Multiply Ventures
Multiply Ventures is a thesis driven, early-stage VC fund focused on Fintech and consumer tech opportunities. The fund’s Vision is to invest and support ambitious entrepreneurs who are embarking on launching products and services, that serve the large Indian consumption basket very early in their journey.
