Lissun Mental Health Platform Secures Rs 2.77 Crore Funding

Mental health platform Lissun has successfully raised Rs 2.77 crore in new funding from its current investor Zerodha-backed Rainmatter, India Foundation Fund, and various individual investors. This marks the Gurugram-based firm’s initial capital inflow in nearly two years following its pre-Series A funding round of $2.5 million led by RPSG Ventures in September 2024.

According to filings with the Registrar of Companies (RoC), Lissun allocated convertible notes worth Rs 2 crore to Rainmatter and Rs 50 lakh to the India Foundation. Additionally, it issued 730 equity shares at Rs 3,728 each, generating an extra Rs 27 lakh from a collection of individual investors.

Approval of Stock Option Plan

In a different development, the board endorsed the Management Stock Option Plan 13579 (MSOP). Under this plan, stock options approximately valued at Rs 5.06 crore were granted to promoters, directors, and senior management personnel, with an exercise price set at Rs 3,728 per option.

Valuation Increase and Future Plans

Startup Superb’s estimates indicate that the company’s valuation has surged by 40%, reaching around Rs 101 crore, up from Rs 72 crore during its pre-Series A funding. The company intends to utilise the raised funds for general business activities and to support working capital needs.

Founded in 2021 by Dr. Krishna Veer Singh and Tarun Gupta, Lissun is a technology-driven mental health platform that provides therapy, counselling, and wellness solutions to both individuals and organisations. This Gurugram-based startup asserts it has conducted over 35,000 therapy sessions across more than 40 cities, catering to over 200 clients through collaborations with corporates, healthcare providers, and educational institutions.

Financial Performance Insights

Lissun has not yet submitted its financial statements for FY26. Nonetheless, the operating revenue for FY25 saw a nearly twofold increase, rising to Rs 5.13 crore from Rs 2.66 crore in FY24. However, the company’s losses increased by 8.2%, amounting to Rs 9.85 crore in the fiscal year, compared to Rs 9.10 crore in the prior fiscal year.

Strategic Acquisition

In July of the previous year, Lissun expanded its capabilities by acquiring the US-based mental wellbeing startup Being Cares Inc., which further fortified its initiative to establish an AI-driven, child-first behavioural development ecosystem in India.