[Update] Exclusive: LISSUN Raises ₹48 Cr To Expand Child Development Centre Network

Mental wellness platform Lissun is in talks to raise around ₹45 Cr ($4.7 Mn) funding in its Series A funding, led by Colossa Ventures

Lissun is a tech-enabled mental and emotional health platform that connects individuals with psychologists, psychiatrists, counsellors and other specialists through online and offline services

The funding round will also see participation from Lissun’s existing investors, including Rainmatter, IPV, RPSG, among others, and value the startup at ₹140 Cr

 Update| August 18, 12:50 IST

Child development-focused healthtech startup LISSUN has raised ₹48 Cr (about $5 Mn) in a Series A funding round led by Colossa Ventures. 

The round also saw participation from Physis Capital and existing investors RPSG Capital Ventures, IvyCap Ventures, Rainmatter, Multiply Ventures, and SucSEED Ventures. New Age India Fund and Beyond Capital Ventures joined the company’s cap table as new investors. 

The Gurugram-based startup plans to deploy the fresh capital to expand the network of its child development and therapy brand, Sunshine by LISSUN, across key cities. It will also use the funds to build AI-led solutions using its proprietary technology and data and strengthen clinical processes across the network.

Sunshine currently operates 25 centres and conducts more than 10,000 therapy sessions a month. LISSUN plans to double the network to 50 centres by next year.

Original | July 17, 18:19 IST

Gurugram-based mental wellness platform Lissun is in talks with Colossa Ventures to raise around ₹45 Cr ($4.7 Mn) in its Series A funding round, sources told Inc42.

The Mumbai-based VC firm will lead the round, with participation from Lissun’s existing investors, including Rainmatter, IPV, RPSG, among others, the sources said. 

The discussions are at an advanced stage and the startup would be valued at around ₹140 Cr (about $15 Mn), they added.

Questions sent to Lissun and Colossa Ventures didn’t elicit any response till the time of publication. 

The development comes almost two years after Lissun raised $2.5 Mn in a pre-series A funding led by RPSG Capital Ventures. The round also saw participation from Multiply Ventures, Atrium Angels, and existing investors, including IvyCap Ventures, Sucseed Ventures, Zerodha’s Rainmatter, among others.

Founded in 2021 by Krishna Veer Singh and Tarun Gupta, Lissun is a tech-enabled mental and emotional health platform that connects individuals with psychologists, psychiatrists, counsellors and other specialists through online and offline services. The startup also offers self-help tools, child development services and enterprise mental wellness programmes. 

Through its network of psychologists, psychiatrists, speech therapists, occupational therapists, counsellors and special educators, Lissun aims to make mental healthcare more accessible while helping individuals identify and address mental health and developmental concerns at an early stage. 

Lissun competes against the likes of Amaha, Sukoon, Trijog, YourDOST, Mitsu, among others. 

The development comes as a growing number of founders launch startups focused on mental health, a segment that is also drawing increasing investor interest. Earlier this year, Mave Health raised $2.1 Mn (₹18 Cr) in a seed funding round led by Blume Ventures, with participation from All In Capital, Inuka Capital and Stanford Angels, among others.

More broadly, India’s healthtech market is projected to reach a size of $37 Bn by 2030, clocking a CAGR of 25%.

Source: Inc42 - Startups