Mental Health Startup Sees Valuation Rise to ₹101 Crore Amid Growth Expansion
Mental health platform Lissun has secured ₹2.77 crore in fresh funding from existing investors, including Zerodha-backed Rainmatter, India Foundation Fund, and a group of individual investors. The investment marks the Gurugram-based startup’s first fundraising activity in nearly two years following its $2.5 million pre-Series A round led by RPSG Ventures in September 2024.
The funding comes as awareness around mental health services continues to grow across India, with increasing demand from both individuals and enterprises seeking accessible therapy, counseling, and wellness solutions.
According to regulatory filings, the company will utilize the proceeds for general business operations and working capital requirements as it continues to scale its technology-enabled mental health ecosystem.
Rainmatter Leads Fresh Capital Infusion
As per RoC filings, Lissun allotted convertible notes worth ₹2 crore to Rainmatter and ₹50 lakh to India Foundation Fund. The company also issued 730 equity shares at ₹3,728 per share, raising an additional ₹27 lakh from individual investors.
Alongside the fundraising, Lissun’s board approved the Management Stock Option Plan 13579 (MSOP), granting stock options worth approximately ₹5.06 crore to promoters, directors, and senior management personnel at an exercise price of ₹3,728 per option.
The move is aimed at strengthening leadership retention and aligning long-term incentives with the company’s growth objectives.
Valuation Climbs 40% Following Funding Round
According to estimates, the latest funding round has increased Lissun’s valuation by approximately 40%, taking it to around ₹101 crore, compared to ₹72 crore during its previous funding round.
Founded in 2021 by Dr. Krishna Veer Singh and Tarun Gupta, Lissun operates a technology-driven mental healthcare platform offering therapy sessions, counseling services, and wellness programs for both individuals and organizations.
The startup claims to have delivered more than 35,000 therapy sessions across over 40 cities and currently serves more than 200 clients through partnerships with corporates, educational institutions, and healthcare providers.
The valuation jump reflects growing investor confidence in India’s expanding mental healthcare market.
Growth Continues Despite Rising Losses
Financially, Lissun reported strong revenue growth in FY25. The company’s operating revenue nearly doubled to ₹5.13 crore, compared to ₹2.66 crore in FY24.
However, losses also increased by 8.2%, reaching ₹9.85 crore during the year, compared to ₹9.10 crore in the previous fiscal.
In July last year, Lissun strengthened its international presence through the acquisition of US-based mental wellness startup Being Cares Inc. The acquisition aligned with the company’s broader vision of building an AI-driven, child-first behavioral development ecosystem.
As mental health awareness and digital healthcare adoption continue to rise, Lissun is positioning itself to become a significant player in India’s growing mental wellness and behavioral healthcare sector.