mitsu raises initial round of funding
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News: Mitsu Raises Initial Round of Funding

We are excited to announce a successful round of funding led by Mr. Gaurav Burman, a member of the Burman family and Director of Dabur International, who has acquired a strategic 7.5% stake in Mitsu.

 

“I am delighted to be a part of this healthcare revolution called Mitsu. Mental health is an extremely important issue and affects most of us at some stage in our lives. Mitsu has developed a science-based approach to helping those who feel anxious or depressed in a novel, confidential, and affordable manner. I have been a firm believer in Mitsu from the very beginning, as early as its concept stage. This investment is part of my mission to invest in companies that are shaping the future of healthcare through innovative and people-centered solutions. I am confident that Mitsu will continue to take this fast-growing business to even greater heights,” said Mr. Gaurav Burman, who has now joined our board.

 

The round also saw participation from successful entrepreneurs including Shivashish Chatterjee and Yuvraj Singh (founders of DMI Finance) and Harpreet Singh Grover (who founded and exited CoCubes).

 

The round will support our resolve to continue perfecting Mitsu.care, our guided self-therapy app for anyone feeling anxious or depressed. Mitsu.care was launched in May 2023 on both iOS and Android platforms. Users who enrol in our 8-week program can learn and practice skills that are scientifically proven to improve mood and build life-long emotional well-being. These skills are drawn from evidence-based approaches such as Cognitive Behavioural Therapy (CBT), Mindfulness, and Acceptance and Commitment Therapy (ACT).

 

“We are thrilled to welcome Mr. Gaurav Burman as an investor in Mitsu. His support and guidance will help us move ahead with our strategy to create an accessible, convenient, and scalable solution for mental healthcare that can benefit over 40% of the adult population,” said our founder Mr. Amit Singh.

 

Our users spend between 25-30 minutes every week on the Mitsu.care app, by logging in 2-3 times in a week. A typical day’s work involves self-reflection, learning concepts from videos guided by our chief clinical psychologist, and practicing therapeutic skills in related activities. Our users can work on the app any time in a day at their convenience, which makes it easy to fit it into busy schedules.

 

Unlike conventional in-person therapy, our users get continuous support from in-house therapists via the in-app chat feature. This means help is quick and timely, and there is no need to schedule and wait for the next appointment. Our program is available at one-third the cost of in-person therapy, thus making it affordable and accessible to a much broader section of the population, including students.

 

Mitsu is the brand name of the company registered as Metacog Health Private Limited.

 

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