Partnership · Healthcare & Life Sciences

Mental health startup Amaha raises ₹50 crore in Series A round at 2X valuation premium

By Startup Enthusiast · 31 March 2026

What they do

Amaha provides treatment for conditions like anxiety, depression, ADHD, and OCD through clinical and technology-led tools

The company raised ₹50 crore in a Series A round led by Fireside Ventures, with a valuation of ₹300 crore, double its previous valuation

Amaha has over 6 million users, 220,000 therapy sessions, and 120 partnerships, and reported revenue of ₹27.57 crore in FY25

Mental health startup Amaha raised ₹50 crore in an extended Series A round led by Fireside Ventures.
The funding came after a two-year gap and was approved by the company’s board through a special resolution.
The round included investments from Shreyas Shibulal and Lightbox, with the valuation jumping to ₹300 crore, double its previous valuation of ₹177 crore.
The proceeds will be used for operations, team expansion, capital expenditure, and working capital needs.
Amaha, formerly known as InnerHour, was founded in 2016 by Amit Malik, with Neha Kirpal joining as co-founder in 2019.

Amaha’s valuation has increased significantly, indicating growing confidence in its business model and market potential.
The company reported revenue of ₹27.57 crore in FY25, up from ₹21.40 crore in FY24, showing steady growth.
Despite rising losses to ₹29.80 crore in FY25, the company continues to scale its operations and user base.

Amaha provides mental health treatment for conditions such as anxiety, depression, ADHD, and OCD.
The company combines clinical expertise with technology-led tools to deliver its services.
It claims to have over 6 million users, 220,000 therapy sessions, and 50,000 community members.
The company’s services are accessible through its platform, which includes therapy sessions and community support.

Amaha plans to use the fresh capital for operations, team expansion, capital expenditure, and working capital needs.
The company aims to scale its services and expand its reach in the mental health sector.
It will continue to focus on improving its technology-led tools and clinical expertise.

Fireside Ventures (lead) — A venture capital firm focused on early-stage startups in India.
Shreyas Shibulal (investor) — An entrepreneur and investor with a background in technology and startups.
Lightbox (investor) — A venture capital firm investing in early-stage technology startups.

Product: Digital platform offering psychiatry, therapy sessions, and mental health support via app and physical centers
Customers: Individuals seeking mental health support and organizations providing employee wellness programs
How it makes money: Omnichannel mental health platform combining digital access with physical centers and professional services
What sets it apart: Addresses treatment gap in mental health care with scalable tech-enabled delivery model