Mental health startup Juno Clinic raises Rs 8cr

Juno Clinic an online and offline start-up focused on mental health counselling and treatment, has raised Rs 8 crores as a part of a Pre-Series A fundraising round.

The startup will use the fund to expand into both domestic and international markets online.

The investment was lead by serial entrepreneur Atul Nishar, Founder of Hexaware Technologies & Aptech Computers, the family office of Sunita and Neeraj Bhargava, Founder of Zodius Capital, Vikas Khemani, President & CEO, Edelweiss Securities Limited and other individual investors.

Juno Clinic, which started as a brainchild of Davesh Manocha, Anuraag Srivastava, Arun Kumar and a renowned psychiatrist Dr Vishal Sawant in Jan 2016, operates on a unique model that provides online (video/telephonic/chat) counselling as well as in-person counselling out of their clinics in Mumbai.

According to a study by The Lancet Study, in India, only 1 in 10 people with mental health disorders receives evidence-based treatment. The biggest challenge that stops people from seeking professional help for issues such as depression, anxiety or relationship conflicts is the social stigma attached to seeking help from professionals. Juno Clinic aims to feel this need gap by providing counselling sessions through an online video connection, phone or chat, keeping the anonymity and comfort of not being seen by anyone

Juno Clinic is not an aggregator for service providers but hires senior psychologists and psychiatrists full time, all of whom adhere strictly to American psychiatry protocols. The company currently has a medical team of 35.

Co-founder Davesh Manocha said, “We are privileged to have such seasoned investors believe in Juno Clinic. The company will use the funding proceeds to expand into both domestic and international markets online, increase the physical footprint within India and launch new B2B based products offerings that will ensure comprehensive solutions to all mental health problems.”

“We believe that only through the full-stack model, where we employ our medical team can ensure quality clinical services promise to our customers. We have a top class medical team, which gets further training on important aspects of online counselling,” Anuraag Srivastava co-founder of the Company added.

The company is targeting a $5 million Series A in 2018 to fuel India, Middle-East and other International Business Expansion