Mental health startup Amaha raises Rs 50 crore in funding round led by Fireside Ventures
Amaha Health has raised Rs 50 crore (about $6 million) in funding led by Fireside Ventures. The venture fund invested Rs 36 crore while the remaining Rs 15 crore came in from a set of angel investors and family offices.
The startup, which offers psychiatry and other mental health services, has previously been backed by Lightbox Ventures, Capricorn Partners and Info Edge CEO Hitesh Oberoi.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM KozhikodeIIMK Senior Management ProgrammeVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitThe 2016-founded startup operates three different physical centres of business across Mumbai, Bengaluru and Delhi NCR. It runs these centres with over 150 therapists and psychiatrists on its rolls, Amaha’s founder and CEO Amit Malik told ET.
Prior to the latest funding, the company had raised $10 million in all, Malik told ET.
Beyond a business-to-consumer business, the company also partners with clients such as Godrej, Cipla and Grant Thornton in its business-to-business (B2B) side of revenues. Currently, B2B accounts for 20% of its revenues, Malik said.
The company aims to achieve Ebitda-level (earnings before interest, taxes, depreciation, and amortisation) profitability over the next 15-20 months, he added.
In 2022, Amaha Health had acquired children and adolescent-focussed mental health organisation, Children First. It has an overall base of over 250 employees currently.
