To increase its presence in children’s psychological needs, AI-focused mental health startup LISSUN acquired US-based digital mental health provider Being Cares Inc. The business did not, however, provide the deal’s financial details.
According to LISSUN, the acquisition will enable it to broaden its offerings to address child-centric issues such as learning disabilities, autism, ADHD, and speech difficulties, among others. Through this acquisition, the healthtech business based in Gurugram has acquired the intellectual property rights to Being Care’s complete workforce and its technologies.
AI-Driven Care: What LISSUN Plans with Being Cares’ Technology?
Varun Gandhi and Abhishek Sharma, the founders of Being Care, have both joined LISSUN as chief technology officer and chief product officer, respectively. According to LISSUN’s founder Tarun Gupta, the company is developing a system that uses Bing’s AI and LISSUN’s clinical knowledge to address families’ worries from the first indications, provide digital assistance, and smoothly switch to in-person care when necessary.
Sunshine Division Set for Major Expansion
Sunshine is a special division of LISSUN that deals with children’s mental health issues. In the next two to four years, the business also hopes to increase the number of Sunshine centres from the existing 20 to 200. LISSUN was established in 2021 by Gupta and Krishna Veer Singh with the goal of addressing current mental health concerns by providing professional advice, treatments, and all-inclusive solutions for mental and emotional wellness.
The business established an internal clinical team and hired therapists as full-time staff members. It states that it has worked with over 350 B2B partners and over 75,000 clients. According to LISSUN, it has collaborated with businesses like Uber, Zerodha, and Unacademy to improve mental health in the workplace.
Being Cares, a mental health mapping business, on the other hand, assists users in mapping their physiological issues and offers remedies such as journaling sessions powered by AI, Mindfulness-Based Cognitive Therapy (MBCT), and fast analysis services.
Growing Tech Nexus in India’s Mental Health Sector
People have begun to prioritise their mental health in addition to their physical health as they navigate a fast-paced society. Once restricted to prescription drugs and physical therapy sessions, the market is increasingly expanding into tech-based alternatives. In India, a number of up-and-coming firms are offering tech-based solutions for mental health.
For example, Siddhant Bhargava, Shalmali Kadu, and Mitansh Khurana launched the firm InnerGize, which makes the claim that it uses technology to treat mental health conditions. The company uses a state-of-the-art technique called Neuroacoustic Vagal Modulation, which stimulates the vagus nerve—the body’s natural relaxation switch—gently.
It promises to provide a wearable gadget that helps lower stress, anxiety, and other health problems by sending soothing signals to the brain’s relaxation regions. The business just raised INR 4.5 Cr in investment. In a similar vein, the wearable device Arc, developed by Bengaluru-based startup Mave Health, provides non-invasive brain stimulation (NIBS) as a treatment for depression.
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