Mental healthcare startup Lissun raises $1M in pre-seed funding from IvyCap Ventures

• ByStartupStory     |    September 30, 2022

Lissun, a full-stack solution for mental and emotional wellness, has announced the conclusion of its $1 Mn Pre-SEED funding round. The round was led by IvyCap Ventures, a full-stack solution for mental and emotional wellness, has announced the conclusion of its $1 Mn Pre-SEED funding round. The round was led by IvyCap Ventures and included participation from syndicates such as We Founder Circle and Supermorpheous, as well as prominent angel investors such as Gaurav Munjal (Co-Founder and CEO of Unacademy), Harsh Jain (COO of Groww), Sandeep Aggarwal (Founder of Droom and 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) among others. 

Two senior executives, Dr. Krishna Veer Singh and Tarun Gupta, who spent a great deal of time creating online companies in India throughout their tenures at Flipkart, Oyo, Uber, etc., founded Lissun.

The founders said the company would use the newly raised funds to strengthen the technical backbone of the product and further develop it to provide a seamless experience. The plan will expand operations in 25 cities and 5 new therapeutic areas.

The team at Lissun is committed to delivering comprehensive services for improving mental health on a large scale. They are starting from scratch to rethink and create new mental health solutions. With a new perspective, they outline the 6As of the Mental Health field: awareness, acceptance, anonymity, access, affordability, and assurance. With an emphasis on high-stress use cases including infertility, rehabilitation, nephrology, cancer, etc., Lissun takes a novel business-to-business-to-consumer (B2H2C) method to acquire new customers. Positive mental health treatments may significantly improve the results of care. It can be said that for Lissun, this is much more than just another strategy; it’s a golden chance to bring Mental Health into the fold of conventional medical practice.

Vikram Gupta, founder and managing partner of IvyCap Ventures, said: “Lissun is actively serving the mental health field by working with healthcare partners and medical practitioners from across the field and reaching out to the uninitiated.”

On the Fund Raise, Dr. Krishna Veer Singh, Co-Founder, Lissun affirmed, “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. This model has enabled impressive growth in all aspects of the brand. And with this round, it is established that the concept and model have also gained investors’ trust. We are glad that with the right mentorship from the investors, we will be able to accelerate our pace towards achieving our ambition of solving mental health at scale in India and beyond.”

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