A pre-seed funding round led by All-In Capital and Utsav Somani’s iSeed Fund, with participation from Bharat Founders Fund, Deepinder Goyal (Zomato), Kunal Shah (CRED), Mohit Kumar, and Vatsal Singhal (Ultrahuman), has seen Mave Health, a mental health technology startup, raise Rs 6 crore.
Along with several family offices and digital creators, other angel investors in the round included Gaurav Agarwal (TATA 1mg), Nandan Reddy (Swiggy), Rohan Verma (BreatheWellBeing), Nikhil Kant (Even), Harsh Shah (Fynd), Neel Mehta (Studio Carbon), Nitin Mehrotra (Dressfolk), and Himanshu Aggarwal (SHL).
According to a press release from the company, the funding will help Mave Health launch Arc, a wearable that uses non-invasive brain stimulation to treat depression.
Dhawal Jain, Jai Sharma, and Aman Kumar founded Mave Health in 2023 with the goal of creating evidence-based, human-centered programs for mental health. Arc, the company’s flagship product, treats depression and enhances brain function.
As per the company’s statement, a group of distinguished specialists, comprising neuroscientists, psychiatrists, and psychologists from prestigious research institutions like Harvard Medical School and Maastricht University, collaborated to develop the device.
More than 1,000 people have used Arc during the beta phase over the past few months, and they have reported significant improvements in their depressive symptoms.
Enrolling in Mave Health’s 12-week program, which also includes unlimited sessions with their experts—which include doctors, psychologists, nutritionists, and fitness coaches—will grant you access to the company’s flagship wearable, Arc.
In order to increase Arc’s accessibility, Mave Health has also partnered with private clinics, hospitals, and psychologists all over India.
