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Our objective is to solve mental health at scale in India and beyond .
Tarun Gupta , Co-Founder , Lissun
market . Our mentors and thought partners helped us zero down on the approaches most likely to succeed and also not very costly to experiment and helped us get on the path we are on today ."
The company ' s objective is to solve mental health problems at scale in India and beyond . Tarun is confident that when the company achieves it by then a lot more people will be aware of mental health issues and many more people will seek and get help . " As a society we will realize that mental health is equally important as physical health and getting help will be easy and affordable for a large part of the
population . We will also see that mental health would be much more tightly integrated in physical healthcare as people will realize that the two do not work in isolation and that physical health impacts mental health and vice versa . Hopefully seeking help for mental health would not be stigmatized as it is today ," he says .
Midas touch to mental health According to an ICMR report from 2019 India has more than 200 million people who suffer from mental health issues . Post covid various estimates say this number has more than doubled . Founders are confident that with their approach they can target a US $ 100 million annual revenue in the next 5-7 years .
Tarun believes that as the spend on health increases due to government interventions , increased insurance coverage as well as ageing of the Indian population , life science startups will be at the heart of solutions that will be needed to provide high quality services to millions of users . As per him , the startups across the sector but especially working in chronic illnesses and lifestyle diseases will see major growth .
Tarun elaborates , " I think over the next decade we will see high growth across numerous new areas like mental health , genetics , digital therapeutics etc . One more trend will be building from India for the world with focus on clinical outcomes . My expectations from the stakeholders is to create an enabling environment for solutions that have potential to reach the masses through the use of technology like telemedicine , digital solutions in conjunction with medication to help manage compliance and also wider coverage of new age diseases under insurance . Government spending on healthcare will also have to increase to create more infrastructure to provide access to more people as the populations start aging ."
An upcoming unicorn “ We have raised money from institutional investors as well as marquee angels . More than funds we are always looking for the right partners in the ecosystem who believe in space and want to come together to build a large-scale solution for a large problem ,” informs Tarun .
Lissun aims to become one of the largest brands in mental health space over the next 5 years and become the employer of choice for psychology practitioners across the country .
“ We believe that as awareness for mental health increases and mental health care becomes more affordable we will be in a prime position to serve these customers . In the meantime we will continue to double down on our partnerships with players in the healthcare sector to provide mental health services to their clients to help them with recovery , better patient experience and in general a better quality of life especially in case of chronic diseases ,” Tarun signs off .
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BioVoiceNews | December 2022