Mental health startup Lissun raises additional funds from Zerodha-backed Rainmatter
Lissun, a mental health platform, has received an additional Rs 2.77 crore from individual investors as well as Zerodha-backed Rainmatter.
After a $2.5 million pre-Series A funding round led by RPSG Ventures in September 2024, this is the Gurugram-based company’s first financial infusion in nearly two years.
The company gave convertible notes worth Rs 2 crore to Rainmatter and Rs 50 lakh to the India Foundation, according to RoC records. Additionally, it raised an extra Rs 27 lakh from a group of private investors by issuing 730 equity shares at a price of Rs 3,728 apiece.
In a different event, the board authorized the Management Stock Option Plan 13579 (MSOP), which gave promoters, directors, and senior management employees stock options worth about Rs 5.06 crore at an exercise price of Rs 3,728 each.
According to estimates from Entrackr, the company’s valuation rose from Rs 72 crore in its pre-Series A investment to about Rs 101 crore, a 40% rise. The money received will be used by the business to finance working capital needs and basic business expenses.
Lissun, a tech-enabled mental health platform that provides treatment, counseling, and wellness solutions for people and businesses, was founded in 2021 by Dr. Krishna Veer Singh and Tarun Gupta. Through partnerships with corporations, healthcare providers, and educational institutions, the Gurugram-based firm claims to have served over 200 clients and provided over 35,000 therapy sessions in over 40 cities.
The company has not yet submitted its financial accounts for FY26. From Rs 2.66 crore in FY24 to Rs 5.13 crore in FY25, Lissun’s operating revenue almost doubled. However, compared to Rs 9.10 crore in the prior fiscal year, its losses increased by 8.2% to Rs 9.85 crore throughout the year.
The company strengthened its efforts to create an AI-driven, child-first behavioral development ecosystem in India by acquiring the US-based mental health startup Being Cares Inc. in July of last year.
