India mental health digital platform Wysa inks $20m

HealthQuad led the round.

  • Other investors in the round included British International Investment, W Health Ventures, Kae Capital, Google Assistant Investments and pi Ventures
  • HealthQuad has assets under management of $200 million across two funds
  • Wysa’s customers include Accenture Global, Aetna International, NHS, Cincinnati Children’s Hospital Medical Center, and the Ministry of Health in Singapore

Wysa, an India-based AI digital platform for mental health, has secured $20 million in financing. HealthQuad led the round. Other investors in the round included British International Investment, W Health Ventures, Kae Capital, Google Assistant Investments, and pi Ventures

On the transaction, Srini Nagarajan, managing director and head of Asia at British International Investment, said in a statement: “Good mental health is a crucial pillar for sound physical health which in turn promotes social and economic development. Through our investment in Wysa, BII is taking a holistic approach to supporting long-term productive economic prosperity by backing an innovative tech-enabled company that is increasing access to mental health services for low-income and rural individuals.”

HealthQuad has assets under management of $200 million across two funds. Its focus is to nurture innovative models which radically improve healthcare access and affordability by leveraging technology.

HealthQuad is a joint venture between KOIS S.A. and Quadria Capital, with an exclusive focus on the Indian health-tech market.

British International Investment is the new name for the UK’s development finance institution and was formerly known as CDC Group. It invests between £1.5 and £2 billion every year to support the UK Government’s clean green Initiative and to create productive, sustainable and inclusive economies in our markets. The company has investments in over 1,300 businesses in emerging economies and total assets of £7.7 billion.

Wysa’s customers include Accenture Global, Aetna International, NHS, Cincinnati Children’s Hospital Medical Center, and the Ministry of Health in Singapore.