In a significant stride towards revolutionizing mental health solutions, Mave Health, a pioneering mental health tech startup, has successfully raised Rs 6 crore in a pre-seed funding round. The funding was spearheaded by All-In Capital and iSeed Fund, led by Utsav Somani, alongside notable participation from Bharat Founders Fund and renowned personalities from the tech and healthcare sectors, such as Deepinder Goyal (Zomato) and Kunal Shah (CRED).
The funding round also witnessed enthusiastic support from a cadre of distinguished angel investors, including Gaurav Agarwal (TATA 1mg), Nandan Reddy (Swiggy), and Rohan Verma (BreatheWellBeing), among others, along with contributions from various family offices and digital creators.
The capital infusion will empower Mave Health to launch its groundbreaking innovation, Arc, a noninvasive brain stimulation wearable designed to alleviate depression. This innovative device marks a significant step forward in the field of mental health technology, offering a promising alternative for individuals battling depression.
Established in 2023 by Dhawal Jain, Jai Sharma, and Aman Kumar, Mave Health is driven by a mission to develop human-centric, evidence-based programs for mental well-being. The flagship product, Arc, is engineered to enhance brain health and effectively address symptoms of depression.
Mave Health’s commitment to excellence is underscored by its collaboration with a team of esteemed experts, including neuroscientists, psychiatrists, and psychologists from prestigious institutions such as Harvard Medical School and Maastricht University. This interdisciplinary approach ensures that Arc delivers tangible results backed by rigorous scientific research.
During the beta phase, Arc has already garnered acclaim, with over 1,000 individuals reporting significant improvements in their depression symptoms after utilizing the device. This positive feedback underscores Arc’s potential to transform the landscape of mental health treatment.
Currently, Arc is accessible through Mave Health’s comprehensive 12-week program, which provides participants unlimited sessions with experts spanning various domains, including medical professionals, psychologists, nutritionists, and fitness coaches. Moreover, Mave Health has forged strategic partnerships with psychologists, hospitals, and private clinics across India, enhancing the accessibility of Arc to individuals in need.
With its innovative approach and unwavering dedication to improving mental health outcomes, Mave Health is poised to make a meaningful impact on the lives of countless individuals, ushering in a new era of mental well-being solutions.
