Mental Health Startup Juno Clinic Raises USD 1.2 Million in Pre-series A round

Mental Health Startup Juno Clinic Raises USD 1.2 Million in Pre-series A round_insights_success

Mumbai-based Juno Clinic has raised USD 1.2 million (INR 8 Cr) from Atul Nishar (founder of Hexaware Technologies & Aptech Computers) and other individual investors in a Pre-Series A round of funding.

Founded in January 2016, by Davesh Manocha, Arun Kumar, Anuraag Srivastava and Dr. Vishal Sawant, Juno Clinic is an offline and online startup which focusses on mental health counselling and treatment.

The round saw participation from Vikas Khemani (President & CEO, Edelweiss Securities Ltd), the family office of Sunita and Neeraj Bhargava (founder of Zodius Capital) and other individual investors.

According Lancet Study’s report, In India only 1 out of 10 people with the mental health disorder receives proper medical attention and evidence-based treatment. The psychologist and psychiatrists in the country operate from the higher Institutes.

Understanding this need, Juno Clinic aims to clear the gap by providing both online and offline services which take place through phone conversation, video conference and chat.

With the first two clinics set up in Khar and Powai, the startup has started offline counselling clinics in Mumbai.

The firm will use the funding to expand into both domestic as well as international markets online.

It aims to escalate its physical footprint within India and launch new B2B-based product offerings which will ensure comprehensive solutions to all the mental health problems.