expressed opinion entrepreneur Contributors are their own.
You are reading Entrepreneur India, the international franchise of Entrepreneur Media.
Evolve, a mental health tech startup focused on the LGBTQ+ community, has raised INR 3 million in pre-seed funding led by Rajesh Ranavat (Executive Director of Fung Strategic Holdings). The round also saw angel investors such as Ankit Mehrotra and Nikhil Bakshi (founder, Dineout) as well as global executives from Meta and McKinsey. Funds raised will be used to expand Evolve’s core team and invest in building a world-class product that continues to provide individual and collective safe spaces for users around the world.
“Members of the LGBTQIA+ community are 3 to 4 times more likely to suffer from serious mental illness. We are proud to be one of the first companies in the world to address community needs, and our user growth and love is a testament to the quality of our program that Use the funding we have now to expand Evolve’s core team and invest in building a world-class product that continues to provide individual and collective safe spaces for users around the world,” said Anshul Kamath, Founder, Evolve.
Founded in 2020 by Anshul Kamath and Rohan Arora, Evolve’s proprietary interface provides users with virtual safe spaces and personalized, evidence-based interventions to improve their mental health. The startup claims to have over 2,50,000 users worldwide.
“In a very short period of time, Evolve has built a very compelling mental health app that runs entirely on an interactive AI platform that enables it to scale globally. Over 200,000 users worldwide Early success in adoption and recognition, Google Play has been named one of the top personal growth apps, well positioned for its next phase of growth,” said lead investor Rajesh Ranavat.