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Funding · Healthcare & Life Sciences

Lissun raises Rs 2.77 crore from existing investors

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Date
Company
Lissun
What it does
Tech-enabled mental health platform
Kind
Funding
Amount
Rs 2.77 crore
Stage
Series A
Founded
2021
Sector
Healthcare & Life Sciences

What they do

The company raised Rs 2.77 crore via convertible notes and equity shares from Rainmatter, India Foundation Fund, and individual investors

What happened

Proceeds will be used for general business purposes and working capital requirements

Why it matters

This is Lissun's first capital infusion in almost two years following its pre-Series A round in September 2024

The details

  • Lissun raised Rs 2.77 crore in fresh funding from existing investors.
  • The investment came from Rainmatter, India Foundation Fund, and individual investors.
  • Funds were raised via convertible notes and equity shares issued at specific prices.
  • The post-money valuation stands at approximately Rs 101 crore.
  • Proceeds will be used for general business purposes and working capital requirements.
  • This marks the first capital infusion since September 2024.
  • The board also approved stock options worth Rs 5.06 crore for senior management.
  • The company has not yet filed its FY26 financial statements.

The bigger picture

  • This is Lissun's first funding round in almost two years.
  • The previous round was a $2.5M pre-Series A led by RPSG Ventures.
  • The new valuation represents a 40% increase from the previous Series A stage.
  • Existing investors are continuing their support for the company's growth.

About the business

  • Lissun offers therapy, counseling, and wellness solutions for individuals and enterprises.
  • Services include 1-on-1 video/chat sessions with counselors and psychologists.
  • The platform provides group support communities and self-help tools like mood trackers.
  • It serves over 75,000 clients across more than 40 cities.
  • The company has onboarded 350+ B2B partners for enterprise solutions.
  • FY25 operating revenue doubled to Rs 5.13 crore from the previous year.
  • Lissun conducted over 1,05,000 sessions during its operational history.
  • Operating losses increased to Rs 9.85 crore in FY25.
  • The company acquired US-based Being Cares Inc last July.

What happens next

  • Use funds for general business purposes and working capital.
  • Continue expanding therapy and wellness services to more cities.
  • Grow B2B partnerships with enterprises.

The deal

Type
Convertible Notes and Equity

Investors

  • Rainmatter (lead) — Investment arm of ICICI Bank focusing on fintech startups.
  • India Foundation Fund (co-lead) — Fund focused on supporting Indian social impact and health initiatives.

Founders

  • Dr. Krishna Veer Singh, Co-founder
  • Tarun Gupta, Co-founder

About Lissun

Product
Child development centers and AI-led platforms offering therapy, behavioral support, and developmental interventions
Customers
Parents and families with children requiring special needs support and developmental therapy
How it makes money
B2C platform operating child development centers and providing digital health tools
What sets it apart
Acquired US-based Being Cares to expand AI-led family support ecosystem; conducting 10,000+ therapy sessions monthly

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