Amaha secures investment of Rs 50+ crore as extended series A round

Mumbai: Amaha announced securing an investment of over Rs 50 crore as an extended series A round. This round of funding was led by Fireside Ventures investing Rs 36.4 crore, as well as additional investment of Rs 15+ crore by other strategic investors.

The start-up’s mental health ecosystem provides treatment and care for a range of mental health conditions like anxiety, depression, bipolar disorder, ADHD, OCD, schizophrenia, and addictions.

Dr Amit Malik, Founder and CEO, Amaha, stated, “The Rs 50+ crore infusion helps consolidate Amaha’s position as the leading mental healthcare provider in India and accelerates the company’s strategic expansion plans as it continues to address the dynamic mental health challenges faced by individuals, families, and organisations across the country. The partnership with Fireside Ventures creates exciting possibilities for cross-sectoral collaborations, propelling Amaha’s efforts to mainstream mental health access to all those in need.”

Ankur Khaitan, Principal, Fireside Ventures, said, “At Fireside, our outlook is to look for companies building for well-being, and in that context, the space of addressing mental health issues is a large unmet need in India. Amaha, with their deep clinical expertise and unique business model across digital and offline clinics, will be able to solve for awareness and access to a wider audience.”

The mental health start-up, with a multi-disciplinary team of 150+ mental health therapists and psychiatrists, provides mental health services in 15+ languages through 10,000+ personal and group interventions per month and across 600+ cities in India. The platform’s mobile app offers 600+ self-care tools and 1000+ content resources to help individuals understand their concerns and build healthy habits.