Lissun, an India-based full-stack solution for mental and emotional healthcare, has announced close of its $1 million Pre-Seed fundraise round.

The round led by IvyCap Ventures witnessed participation from syndicates like We Founder Circle and Supermorpheous, Lissun said in a statement on Friday.

Angel investors like Unacdemy Co-Founder and Chief Executive Officer Gaurav Munjal, Groww Chief Operating Officer Harsh Jain, Droom and ShopClues Founder Sandeep Aggarwal, IBM Daksh Founder and IBM India ex-Chief Executive Officer Pavan Vaish, Amazon and Intel (USA) Senior Technocrat Sasi Kuppannagri, Uber Vice President Pradeep Parameswaran, McKinsey & Company Senior Partner Vikas Bhadoria, PinCap Managing Director Praveen Sinha and others also joined the round.

According to the statement, Lissun will use the freshly raised investment to strengthen the produc’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 five new categories.

It is noted that Lissun has already partnered with 70+ healthcare partners with impressive engagement from the end customers. It currently has a presence in 17 cities and provides contextual solutions for six healthcare categories.

Started by two senior executives 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.

Lissun 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.

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,” said Krishna Veer Singh, Co-Founder of Lissun.

“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. This model has enabled impressive growth in all aspects of the brand,

“And with this round, it is established that the concept and model have also gained investors and 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.

IvyCap Ventures Founder and Managing Partner Vikram Gupta said many startups entered the mental health space in the last couple of years, but Lissun has been able to distinguish its strategy and business model.

“The B2H2C approach that it has taken allows the brand to reach its customers efficiently. Lissun serves the mental health space proactively by associating with healthcare partners and medical practitioners from across the field and reaching the unaware,” he added.

We Founder Circle Co-Founder and Chief Executive Officer Neeraj Tyagi said it is imperative that mental and emotional wellness receives attention, especially now when technology and information are so accessible.

“Unfortunately, over the years, it, instead of gaining significance, became a taboo. However, Lissun, with its unique approach to the
problem, brings the attention of a larger set of customers to how it is linked with mainstream healthcare,

“Therefore, it is not just an investment, but belief that Lissun must receive the required encouragement to extend the right help to people out there,” he added.

India-founded healthtech firm Wysa secures $20M led by HealthQuad and BII