Healthcare startup Lissun has announced raising about $1 million in pre-Seed funding led by IvyCapt Ventures and backed by We Founder Circle and Supermorpheus.
The funding round, which will help finance the company’s plans to expand its operations in 25 cities in India and 5 new therapeutic areas, was also supported by marquee angel investors, including Gaurav Munjal (Unacademy), Harsh Jain (Groww), Sandeed Aggarwal (Droom and ShopClues), among others.
The full-stack solution for mental and emotional healthcare also said it will use the funds raised to develop its technology and foster healthcare partnerships.
Started by two senior executives, Dr. Krishna Veer Singh and Tarun Gupta, who spent a lot of time building internet businesses in India through their stints in Flipkart, Oyo, Uber, etc., Lissun aims to solve mental health at scale by providing full-stack solutions.
From the very beginning, they are reimagining existing solutions for mental health and developing new ones. They define the Mental Health field with a fresh look defined in 6As: Awareness, Acceptance, Anonymity, Access, Affordability, and Assurance.
The healthcare startup focuses on a unique B2H2C approach to customer acquisition by partnering with healthcare Institutions and establishments for high-stress use cases such as infertility, rehabilitation, nephrology, oncology, etc. In summary, more than an approach, Lissun sees it as a massive opportunity to integrate Mental Health into mainstream healthcare.
“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,” said Lissun’s co-founder Singh.
Lissun currently has a presence in 17 cities and provides contextual solutions for six healthcare categories. Lissun will use the freshly raised investment to strengthen the product’s technology backbone and develop it further to provide a seamless experience. It will also utilize a part of the fund to expand to 25 cities and 5 New categories.