Mental and emotional healthcare startup LISSUN announced the closing of their $ 1 million pre-seed fundraising round. The round led by IvyCap Ventures experienced the participation of syndicates like We Founder Circle and Supermorpheous, along with marquee angel investors like Gaurav Munjal (Co-Founder and CEO at Unacademy) among others, the company said in a statement.

"While we always wanted to get into mental health and serve the customers, it was a challenge to devise the most effective way. The model we work on reaches a wider audience and penetrates deeper into the challenge. The very fact that mental and emotional issues can be an underlying problem in many medical cases is what we have identified and are working on proactively," stated Dr. Krishna Veer Singh, the Co-Founder, Lissun.

This model has enabled impressive growth in all aspects of the brand. And with this round, it is established that the concept and model have also gained investors' trust. We are glad that with the right mentorship from the investors, we will be able to accelerate our pace towards achieving our ambition of solving mental health at scale in India and beyond, he added.

Lissun stated that it will use the freshly raised investment to strengthen the product’s technology backbone and develop it further to provide a seamless experience. It will also utilise a part of the fund to expand to 25 cities and 5 new categories.