Mental Healthtech Startup Wysa Raises $20 Mn
Mental disorders including depression often affect the lives of hundreds and thousands of people. According to a report, in India, depression and allied mental disorders can be found between 1.2% to 21% in clinic-based studies. Of this, 3%-68% mental disorders are found among students whilst between 0.1% and 6.94% cases are found in communities.
This Series B funding round was led by HealthQuad, along with British International Investment.
Ramakant Vempati, cofounder of Wysa, said that nearly 95% of Wysa’s business-to-consumer (B2C) users use its freemium model across 65 countries
In essence, Wysa is a conversational agent, which delivers therapeutic advice and support to people on the chat platform