Artificial intelligence (AI)-driven mental health and wellness startup GoodLives has secured Rs 1.1 crore in a pre-seed funding round from IIM Lucknow and Rabindranath Tagore University (RNTU).
The funding round also included other investors such as Anupreet Singh, Deepak Motwani, Abhishek Hota, and Build3.
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The company will use the fresh capital to expand its reach and boost offerings, improve the platform’s features and functionality, broaden its activities, and enter new markets, reports Entrackr.
The startup stated that the platform offers individualised and effective holistic health solutions through AI-powered do-it-yourself workouts and expert therapy.
The company was co-founded in 2022 by Sakshi Shah and Lawrance Bamania.
The startup aims to make mental health support accessible, impactful, and personalised.
The platform connects professional therapy with everyday well-being by offering a unique combination of AI-powered do-it-yourself exercises and expert-led interventions.
It is designed for large and mid-sized corporations, aiming to improve employee engagement and well-being through customised programmes.
The mental health and wellness startup said that it has already raised awareness of mental health issues among over 5 million people.
In October, Healthify, an AI-powered health and fitness app, raised $20 million in fresh capital as part of a $45 million equity round.
The funding round was led by Khosla Ventures and LeapFrog Investments.
The round also saw participation from new investor Claypond Capital, the family office of Dr. Ranjan Pai.
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The company mentioned that the funding will be used for global expansion, with a focus on foraying into the US market and advancing its AI capabilities.
Healthify was founded by Vashisht in 2012 that offers a health and fitness app that utilises artificial intelligence (AI), along with recommendations from human coaches, to provide personalised food and workout solutions.