Lissun, a tech-driven mental wellness platform founded in 2021, is nearing closure of a ₹45 crore ($4.7 million) Series A funding round led by Colossa Ventures. The funding will support the expansion of Lissun’s digital and offline mental health offerings as it competes in India’s rapidly growing healthtech sector.
- Lissun plans to raise ₹45 Cr led by Colossa Ventures
- Currently valued at approximately ₹140 Cr (~$15 Mn)
- Operates in India’s expanding mental health and healthtech market
What happened
Lissun, a Gurugram-based mental wellness platform, is in advanced discussions to raise approximately ₹45 crore in its Series A funding round. The round is set to be led by Colossa Ventures, a Mumbai-based venture capital firm, with participation from Lissun’s existing investors such as Rainmatter, IPV, and RPSG Capital Ventures. The startup is expected to be valued at around ₹140 crore upon completion of the deal.
The move follows Lissun’s previous pre-Series A round raised two years ago, which brought in $2.5 million from investors including RPSG Capital Ventures, Multiply Ventures, and Rainmatter. Founded in 2021 by Krishna Veer Singh and Tarun Gupta, Lissun provides both online and offline access to psychologists, psychiatrists, counselors and other mental health specialists, along with self-help and enterprise programs.
Why it matters
This funding round underscores the growing investor confidence in mental health startups in India, a sector increasingly recognized for its social importance and commercial potential. Lissun’s business model integrates technology with mental health care, aiming to make services more accessible and promote early identification of mental and developmental health concerns.
India’s healthtech market is projected to grow to $37 billion by 2030 with a compound annual growth rate of 25%, driven in part by digital health solutions like Lissun. As mental health awareness rises, startups in this space are attracting more capital, helping bridge the gap in mental health care availability and quality across the country.
What to watch next
Market observers will be keenly watching the finalization of Lissun’s funding round and how the company deploys the capital to expand its services, both for individual consumers and through enterprise partnerships. The continued participation of well-known investors indicates ongoing confidence in Lissun’s growth strategy and execution capability.
Additionally, competition among India’s growing mental wellness startups including Amaha, Sukoon, and YourDOST will intensify as players look to differentiate through technology innovation, service breadth, and depth of care delivery. Broader funding trends in the mental health and healthtech sectors will provide insight into the sustainability and evolution of this emerging ecosystem.