Mave Health Secures Rs 6 Crore in Pre-Seed Funding Round to Launch Revolutionary Brain Stimulation Wearable

• ByStartupStory     |    April 5, 2024

Mave Health has successfully raised Rs 6 crore in a pre-seed funding round, spearheaded by All-In Capital and iSeed Fund, led by Utsav Somani. This significant investment also saw participation from esteemed entities such as Bharat Founders Fund and notable personalities including Deepinder Goyal of Zomato and Kunal Shah of CRED.

The funding round, which garnered support from a diverse array of investors including angel investors like Gaurav Agarwal of TATA 1mg and Nandan Reddy of Swiggy, is a testament to the growing interest and recognition of innovative solutions addressing mental well-being.

At the helm of this groundbreaking endeavor is Mave Health, a mental health-tech startup founded in 2023 by Dhawal Jain, Jai Sharma, and Aman Kumar. Their mission? To pioneer human-centric, evidence-based programs aimed at enhancing mental well-being. Their flagship product, Arc, stands as a testament to this commitment, offering a non-invasive brain stimulation wearable designed to treat depression.

Arc, developed in collaboration with a consortium of top-tier experts including neuroscientists, psychiatrists, and psychologists from prestigious institutions such as Harvard Medical School and Maastricht University, represents a paradigm shift in depression treatment.

During its beta phase, Arc has already demonstrated remarkable efficacy, with over 1,000 individuals experiencing substantial improvements in their depression symptoms. This success underscores the immense potential of Arc to revolutionize mental health care.

Moreover, Mave Health’s innovative approach extends beyond the product itself. The company offers a comprehensive 12-week program, providing users with unlimited access to sessions with experts spanning various disciplines including doctors, psychologists, nutritionists, and fitness coaches.

Recognizing the importance of accessibility, Mave Health has forged strategic partnerships with psychologists, hospitals, and private clinics across India. This collaborative effort aims to ensure that Arc reaches those in need, transcending barriers to mental health care.

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