Mental Health Startup Amaha Secures Rs 50 Crore in Extended Series A Funding
Mental health startup Amaha has successfully raised Rs 50 crore in an extended Series A financing round driven by Fireside Ventures. This funding marks the first significant investment from the Bengaluru-based firm in a two-year gap. The board of Amaha has sanctioned a special resolution for the allocation of 31,35,836 shares priced at Rs 159.20 each, which sums up to around Rs 50 crore, according to official filings with the Registrar of Companies.
Fireside Ventures Leads the Funding Round
Fireside Ventures played a pivotal role in this funding round by contributing Rs 18.07 crore. Other notable investors include Shreyas Shibulal, who invested Rs 13.55 crore, and Lightbox, which contributed Rs 9.3 crore. This information is also supported by regulatory filings.
Amaha’s Valuation Surge
As estimated by Startup Superb, Amaha’s valuation has reached approximately Rs 300 crore, which represents nearly a two-fold increase from its previous valuation of Rs 177 crore following a $4.4 million funding round in January 2024. The new resources will be directed towards operations, team growth, capital expenditures, and general working capital needs, as indicated in their filings.
About Amaha and Its Services
Founded in 2016 by Amit Malik, with the addition of Neha Kirpal as co-founder in 2019, Amaha, formerly known as InnerHour, is dedicated to addressing mental health issues such as anxiety, depression, ADHD, and OCD. The startup utilises a unique blend of clinical expertise alongside technology-driven tools. It proudly claims to serve over 6 million users and facilitate 220,000 therapy sessions, while also fostering a community of 50,000 members and forming 120 strategic partnerships.
Financial Performance of Amaha
Recent reports indicate that for the fiscal year ending March 2025, Amaha registered a revenue of Rs 27.57 crore, a notable rise from Rs 21.40 crore in FY24. At the same time, however, the company saw an increase in losses, amounting to Rs 29.80 crore in FY25, up from Rs 27 crore in the preceding fiscal period.