Mental healthtech startup InnerGize has raised INR 4.5 Cr in a pre-seed funding round led by Antler, with participation from investors like Arjun Vaidya, Sharan Hegde, Ritesh Agarwal, and Aman Gupta.
This brings its total pre-seed funding to INR 6.5 Cr, including INR 2 Cr from government-backed schemes such as SISFS, MeitY Startup Scheme, NGIS, and BIRAC.
The funds will support manufacturing, clinical trials, and R&D, with a product launch set for April 2025.
Founded by Dr. Siddhant Bhargava, Shalmali Kadu, and Mitansh Khurana, InnerGize is developing a wearable device that uses Neuroacoustic Vagal Modulation technology to help manage stress, anxiety, sleep, and focus.
The discreet and portabledevice offers10-minute personalized sessions for stress relief, better sleep, mood stabilization, focus enhancement, pain management, and ADHD support.
Also Read : Karnataka High Court Bans Bike Taxis Until New Rules Are Implemented
After pitching on Shark Tank India, the startup secured 1,300 pre-orders. The device, priced at INR 12,400, is available for pre-order at INR 5,000 – 6,000.
InnerGize aims to reach $10 Mn ARR in 18 months and expand into Gulf countries and Southeast Asia by year-end. It also plans to apply for FDA approval in Q2 2024.
India’s mental healthtech market, currently valued at $20.2 Bn, is projected to reach $27.4 Bn by 2033, with increasing investor interest in startups like Mave Health, Wysa, and LISSUN.
