fbpx

Mental health platform Evolve raises Rs 3 crore in pre-seed round

Evolve, an LGBTQ+ community-focused mental health tech firm, announced a pre-seed financing of Rs 3 crore headed by Rajesh Ranavat, executive director of Fung Strategic Holdings. Angel investors included Dineout founders Ankit Mehrotra and Nikhil Bakshi, as well as worldwide executives from Meta and McKinsey, according to the startup.

According to entrepreneur Anshul Kamath, the funds will be used to expand the core staff and build the product. “LGBTQIA+ people are three to four times more likely to suffer from major mental illness.”

“We are delighted to be one of the first firms in the world to address community needs, and our user growth and affection are testaments to the quality of our products thus far,” he continued.

Evolve

Evolve, launched in 2020 by Anshul Kamath and Rohan Arora, has over 250,000 users worldwide. The software and its proprietary UI provide users a virtual safe place as well as personalized, evidence-based therapies to help them improve their mental health.

Google Play named the app the Best App for Personal Growth in 2021. “Our goals are to use the funding we have now received to expand the core team at Evolve and invest in building a world-class product that continues to create individual and collective safe spaces for users worldwide,” Kamath explained.

Evolve seems to be an intriguing startup with inspiring development on technology, information and internet platform. Sending my best wishes for your business. I hope this startup gets you and your team a lot of success and fortune.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

For Editorial/Rectification please email aditi@startuplanes.com

Tags

top