Sunday, February 23, 2025

E-clinics chain CureBay bags another $7.5M and more digital health fundings in India

Mental health has always been a topic that is often overlooked and underfunded. However, with the ongoing pandemic and the increasing stress and anxiety in our daily lives, it has become more important than ever to prioritize our mental well-being. In light of this, it is heartening to hear that mental health platform Amaha, formerly known as InnerHour, has recently received $6 million in additional Series A funding for its expansion.

Amaha is a digital platform that offers personalized mental health support and therapy to individuals. It was founded in 2016 by Richa Singh and Amit Malik, both with a background in psychology and a vision to make mental health services accessible and affordable to all. The platform offers a range of services including self-help tools, online therapy sessions, and support groups. It also has a team of trained and licensed therapists who provide support and guidance to users.

With the additional funding, Amaha aims to expand its reach and impact by enhancing its technology, services, and team. This is a significant milestone for the company, which has already had a positive impact on thousands of users worldwide. The funding was led by Lightbox, along with previous investors including Mpower, InnerHour’s philanthropic arm, and Hamraj Kumar, founder of Cure.fit.

Amaha’s latest funding round comes at a crucial time when the need for mental health support is at an all-time high. The ongoing pandemic has caused a global mental health crisis, with millions of people struggling with stress, anxiety, and other mental health concerns. The World Health Organization (WHO) has also highlighted the need for greater investment in mental health services, especially during these challenging times.

The team at Amaha is dedicated to making a positive impact on people’s lives by providing them with the necessary tools and support to manage their mental health. With the additional funding, they plan to develop new features and services to cater to a wider audience. This includes expanding their services to more countries, making it accessible to a diverse range of communities.

One of the key features of Amaha is its focus on personalization. The platform uses artificial intelligence (AI) and machine learning algorithms to tailor its services to the individual needs of each user. This allows for a more effective and personalized approach to mental health support, which is crucial for overcoming the stigma surrounding mental health.

The team at Amaha is also working towards reducing the cost of mental health services, making it more affordable and accessible to all. The platform offers various subscription plans and affordable online therapy sessions, making it a viable option for those who may not have access to traditional therapy.

The pandemic has also highlighted the importance of mental health in the workplace. Amaha has recognized this and is working towards creating a healthier work environment by partnering with companies to provide mental health support to employees. This not only shows the commitment of the platform towards promoting mental wellness but also highlights the growing trend of companies prioritizing employee well-being.

The success and growth of Amaha have not gone unnoticed, with the platform being recognized as a leader in the digital mental health space. It has received numerous accolades and awards, including being featured in Forbes 30 Under 30 Asia 2019 list. This latest funding round is a testament to the platform’s potential and the positive impact it has made on individuals’ lives.

In conclusion, the additional $6 million in Series A funding for Amaha is a significant achievement and a step towards creating a more accessible and affordable mental health support system. With its focus on personalization, affordability, and innovation, Amaha is set to make a positive impact on the global mental health landscape. We can only hope that with the continued support and growth of platforms like Amaha, mental health will finally be given the importance and attention it deserves.

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