Tuesday, June 25, 2024
Outlook India
Outlook Business

Lissun raises around $1 million in pre-seed round

IvyCap Ventures led the funding round for the mental healthcare start-up, which saw the participation of companies like We Founder Circle and Supermorpheous

Lissun raises around $1 million in pre-seed round
The Lissun team

Outlook Start-Up Desk

POSTED ON September 28, 2022 7:34 PM

Lissun has closed an approximately $1 million pre-seed fundraising round. The company stated that IvyCap Ventures led this round, which saw the participation of other companies like We Founder Circle and Supermorpheous. 

Marquee angel investors like Unacademy’s co-founder and chief executive officer Gaurav Munjal, Groww’s chief operating officer Harsh Jain, Droom’s founder Sandeep Aggarwal, IBM Daksh’s founder Pavan Vaish and PinCap’s managing director Praveen Sinha. Technocrats like Sasi Kuppannagri, Uber India’s vice president Pradeep Parameswaran and Vikas Bhadoria, senior partner at McKinsey & Company, were also part of it.

The company plans to have a phygital presence in over 25 cities in-country by the end of this year. It has its mental and emotional health centers in Delhi, Gurgaon, Ghaziabad, Noida, Muzaffarnagar, Lucknow and Pune currently.

Lissun currently has a presence in 17 cities and provides contextual solutions for six healthcare categories. The start-up will also utilise a portion of the newly-raised funds to expand to 25 cities and five new categories. It will also use this capital to strengthen the product’s technology backbone and develop it further to provide a seamless experience. 

In a statement, Dr Krishna Veer Singh, Co-Founder, Lissun, said that the company model reaches a broader audience and penetrates deeper into the challenge, enabling growth in all aspects of the brand. “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,” he added.  

  • Related Articles

    Qualified entrepreneurs will receive up to 20 accessible GitHub Enterprise seats and guidance from the code repository service’s technical experts for a year

    GitHub to be available in India to accelerate the start-up ecosystem

    With a growing pet population and rising disposable income of pet owners, the pet industry in the country is proving that it is not all bark and no bite

    India's pet care industry goes to the dogs, and everyone's clapping

    The Sport Authority of Gujarat has mapped over 150 hotels across six host cities for the accommodation of players and officials

    OYO to manage accommodation of 12,000 participants in National Games 2022