India’s startup ecosystem continues to witness growing investor confidence in health, wellness, and technology-driven consumer platforms. In one of the latest D2C startup news developments, Gurugram-based mental health platform Lissun has secured ₹2.77 crore in fresh funding from existing investor Rainmatter, the investment arm backed by Zerodha, along with India Foundation Fund and a group of individual investors. The latest investment reinforces confidence in Lissun’s long-term vision as it continues to build a scalable, technology-enabled mental wellness platform for individuals, families, educational institutions, and enterprises across India.
The funding marks the company’s first capital infusion since its $2.5 million pre-Series A round in 2024 and comes at a time when awareness around mental health and wellness is increasing rapidly across the country. For those tracking D2C news India, D2C daily news, Indian D2C updates, and D2C industry news, the investment highlights the growing importance of digital health and wellness platforms within the broader startup landscape.
According to regulatory filings, Lissun raised ₹2 crore through convertible notes from Rainmatter and ₹50 lakh from India Foundation Fund. The company also raised an additional ₹27 lakh through equity issuance to individual investors. Alongside the funding, the company approved its Management Stock Option Plan (MSOP), granting stock options worth approximately ₹5.06 crore to promoters, directors, and senior leadership, reinforcing its commitment to attracting and retaining top talent as it scales operations.
Founded in 2021 by Dr. Krishna Veer Singh and Tarun Gupta, Lissun operates a tech-enabled mental health and wellness platform that offers therapy, counselling, behavioural support, and wellness solutions. Since inception, the company claims to have delivered more than 35,000 therapy sessions across 40+ cities while serving over 200 clients through partnerships with corporates, healthcare providers, and educational institutions. The company’s growth reflects changing D2C consumer behavior India, where consumers are increasingly prioritising preventive healthcare, emotional well-being, and accessible digital services.
The fresh capital will primarily support working capital requirements and general business expansion initiatives. The funding also comes as Lissun continues to strengthen its AI-led mental wellness ecosystem. In 2024, the company expanded its capabilities through the acquisition of US-based mental wellbeing startup Being Cares Inc, strengthening its mission of building a child-first behavioural development platform powered by technology and data-driven interventions.
From a financial perspective, the company continues to demonstrate strong growth momentum. In FY25, Lissun nearly doubled its operating revenue to ₹5.13 crore compared to ₹2.66 crore in FY24. While investments in growth and expansion led to losses increasing to ₹9.85 crore from ₹9.10 crore, the sharp rise in revenue reflects increasing adoption of mental health services across India. The company’s valuation has also reportedly increased by approximately 40%, reaching around ₹101 crore compared to ₹72 crore during its previous funding round.
The broader wellness and healthcare sector remains one of the most promising segments within the D2C ecosystem India. As consumers increasingly seek accessible, affordable, and technology-enabled healthcare solutions, startups like Lissun are well positioned to benefit from long-term demand. Investors continue to back VC-backed D2C brands and digital wellness platforms that combine technology, strong consumer engagement, and scalable business models.
As India’s mental health awareness continues to rise, Lissun’s latest funding round represents another important milestone in its growth journey. With fresh capital, expanding partnerships, growing adoption, and a strong focus on AI-driven mental wellness solutions, the company appears well positioned to strengthen its presence and emerge as one of the most impactful wellness startups in the country.
Source: Based on reporting by Entrackr, with additional editorial adaptation and analysis.