Inflection Point Ventures and Rainmatter Capital led a seed funding round for mental health platform LISSUN, raising $1.3 million. Existing investors, including IvyCap Ventures, WFC, GrowX Ventures, and angel investors, participated. LISSUN, founded in 2021 by Krishna Veer Singh and Tarun Gupta, aims to provide expert guidance, therapies, and comprehensive solutions for emotional and mental well-being.

LISSUN utilizes technology for self-diagnosis and provides holistic treatments to offer a complete spectrum of mental health care. Cofounder Singh, commenting on the funding, expressed, "This investment validates LISSUN’s innovative approach to scalable solutions in the mental health sector."

Singh also emphasized that the fresh capital will expedite LISSUN's progress towards realizing its vision of delivering large-scale mental health solutions accessible to all in need.

The funding will be allocated to boost technological innovation, enhance product offerings, introduce new services, and establish partnerships with healthcare institutions and other organizations.

With this latest investment, LISSUN has secured a total funding of $2.3 million. Currently, the startup operates in over 40 cities across India and has recently introduced a child healthcare program named 'Sunshine by LISSUN.'

The startup's objective is to employ a Business to Healthcare to Consumer (B2H2C) strategy, collaborating with healthcare institutions to efficiently tackle high-stress medical conditions, including infertility, rehabilitation, nephrology, and oncology.

UnivDatos Market Insights recently conducted a study predicting a 15% Compound Annual Growth Rate (CAGR) for the Indian mental healthcare industry from 2022 to 2028. Despite being in its early stages and hindered by societal taboos, more individuals are now seeking assistance.

Just last month, actor and investor Suniel Shetty teamed up with Manun Thakur, the founder and CEO of Veda Rehabilitation & Wellness, to introduce the mental health app "Lets Get Happi," providing round-the-clock access to real-time therapy.

In the previous year, another mental healthcare startup, Wysa, secured $20 million in its Series B funding round, enabling its expansion into the US, UK, and other international markets, as well as the provision of services in vernacular languages.