Gurugram-based mental wellness platform Lissun is in talks with Colossa Ventures to raise around ₹45 Cr ($4.7 Mn) in its Series A funding round, sources told Inc42.

The Mumbai-based VC firm will lead the round, with participation from Lissun’s existing investors, including Rainmatter, IPV, RPSG, among others, the sources said. 

The discussions are at an advanced stage and the startup would be valued at around ₹140 Cr (about $15 Mn), they added.

Questions sent to Lissun and Colossa Ventures didn’t elicit any response till the time of publication. 

The development comes almost two years after Lissun raised $2.5 Mn in a pre-series Afunding led by RPSG Capital Ventures. The round also saw participation from Multiply Ventures, Atrium Angels, and existing investors, including IvyCap Ventures, Sucseed Ventures, Zerodha’s Rainmatter, among others.

Founded in 2021 by Krishna Veer Singh and Tarun Gupta, Lissun is a tech-enabled mental and emotional health platform that connects individuals with psychologists, psychiatrists, counsellors and other specialists through online and offline services. The startup also offers self-help tools, child development services and enterprise mental wellness programmes. 

Through its network of psychologists, psychiatrists, speech therapists, occupational therapists, counsellors and special educators, Lissun aims to make mental healthcare more accessible while helping individuals identify and address mental health and developmental concerns at an early stage. 

Lissun competes against the likes of Amaha, Sukoon, Trijog, YourDOST, Mitsu, among others. 

The development comes as a growing number of founders launch startups focused on mental health, a segment that is also drawing increasing investor interest. Earlier this year, Mave Health raised $2.1 Mn (₹18 Cr) in a seed funding round led by Blume Ventures, with participation from All In Capital, Inuka Capital and Stanford Angels, among others.

More broadly, India’s healthtech market is projected to reach a size of $37 Bn by 2030, clocking a CAGR of 25%.

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