Fireside Ventures leads funding round of INR 50 crore in India’s leading mental health organisation, Amaha

Mumbai, eleventh January 2024: Amaha, India’s leading mental health group (previously referred to as InnerHour), introduced securing a considerable funding of over INR 50 crore as an prolonged sequence A round. This round of funding was led by Fireside Ventures investing INR 36.4 crore in addition to further funding of INR 15+ crore by different strategic buyers. Over time, Amaha has efficiently raised one of the most important investments in mental health in India.

The Amaha mental health ecosystem gives therapy and look after a spread of mental health circumstances like nervousness, despair, bipolar dysfunction, ADHD, OCD, schizophrenia, and addictions. The organisation was based by psychiatrist and healthcare entrepreneur Dr Amit Malik and joined by social entrepreneur Neha Kirpal as co-founder, to handle the mental health therapy hole prevalent in India with a dedication to creating high quality mental health care and assist accessible to a wider inhabitants throughout geographies.

Dr. Amit Malik, Founder and CEO of Amaha, expressing his eagerness in regards to the current funding, said, “The INR 50+ Crore infusion helps consolidate Amaha’s place because the leading mental healthcare supplier in India and accelerates the corporate’s strategic enlargement plans, because it continues to handle the dynamic mental health challenges confronted by people, households and organisations throughout the nation. The partnership with Fireside Ventures creates thrilling potentialities for cross-sectoral collaborations, propelling Amaha’s efforts to mainstream mental health entry to all these in want.”

Ankur Khaitan, Principal, Fireside Ventures mentioned, “At Fireside, our outlook is to search for corporations constructing for well-being and in that context, the house of addressing mental health points is a big unmet want in India. Amaha with their deep scientific experience and distinctive enterprise mannequin throughout digital and offline clinics will be capable of remedy for consciousness and entry to a wider viewers.”

Over the years, Amaha’s multi-disciplinary group of 150+ mental health therapists and psychiatrists has successfully offered mental health providers in 15+ languages by way of 10,000+ private and group interventions per 30 days and throughout 600+ cities in India. Amaha’s cell app, which has received a number of accolades, together with an award for the “Best App for Good” by Google Play, affords 600+ self-care instruments and 1000+ content material assets to assist people perceive their issues and construct wholesome habits.

Amaha has in the present day positively impacted over 5 Million lives globally by way of its cell app. With a couple of to offer steady collaborative care to individuals throughout their lifespan, Amaha acquired & partnered with India’s foremost Child and Adolescent mental health organisation Children First two years in the past. With a group of over 60 devoted specialists, Children First has served over 12,000 kids, youth and households for a spread of circumstances together with Autism, ADHD, developmental challenges, self-harm, childhood trauma and others.