Mumbai: In a historic first, InnerHour has raised $5.2 Million from Lightbox and others, making this the largest fundraising in the Indian mental health ecosystem to date.
Lightbox led the funding with an investment of $4.5 million, with other angels including Capricorn Ventures & Micasa Investments (Singapore), Pankaj Sahni, CEO Medanta – The Medicity Hospitals, Hitesh Oberoi, CEO & MD, Info Edge India Pvt. Ltd amongst others.
InnerHour will use this funding to scale their technology-led mental health platform, as it’s set to serve a section of the 200 million Indians currently suffering from mental health conditions.
For the past 3 years, InnerHour founder Dr Amit Malik has been using tech to break these initial barriers and to create ease of access (remote, anonymous 24/7), standardize quality offerings and solve for early intervention.
The InnerHour app has 900,000+ downloads and has consistently ranked #1-2 on Play Store for self-help/self-care globally; it was recently recognized as the best app for good in 2020 in India by Google Play and has previously been part of both Google’s & Facebook’s India Accelerator Cohorts.
In this next phase of development, Amit is joined by co-founder Neha Kirpal as they build a full stack offering, focused on the varying needs of individual users across the entire care continuum.
“We believe a tech-led ecosystem that offers seamless continuity of care & support, is very much the need of the hour for the millions suffering & seeking quality mental healthcare today. This round of funding gives us the opportunity to further build our omni-channel products & services, catering to a range of mental health conditions,” said Dr. Amit Malik – Founder & CEO.