Qishin Tariq · · 1 min readMeta, McKinsey execs back LGBTQ+ mental health startup’s $376k round
Evolve, a mental health startup focused on the LGBTQ+ community, has raised 30 million rupees (US$376,000) in a pre-seed round backed by senior global executives from Meta and McKinsey & Company.
Co-founders Rohan Arora (left) and Anshul Kamath / Photo credit: Evolve
The round was led by Fund Strategic Holdings executive director Rajesh Ranavat and saw participation from angel investors, including Dineout co-founders Ankit Mehrotra and Nikhil Bakshi.
Evolve’s app uses a proprietary interface that creates a virtual safe space for users. It also uses personalized, evidence-based interventions to improve their mental health.
The team works with queer-affirmative therapists, members of the community, and professors carrying out research in the space to better understand the needs of the LGBTQ+ community.
Co-founded by Anshul Kamath and Rohan Arora in 2020, Evolve has over 250,000 users globally.
Kamath said the fund will go toward expanding the core team at Evolve and developing its product.
See also: Mental health startups reach tipping point in SEA
Currency conversion from Indian rupees. Rate: US$1 = INR79.71
Editing by Miguel Cordon and Jaclyn Tiu
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