GoodLives Secures Rs 1.1 Crore in Pre-Seed Funding to Expand Mental Health Services
GoodLives, an AI-driven mental health and wellness platform, has raised Rs 1.1 crore in pre-seed funding from prominent investors, including IIM Lucknow and Rabindranath Tagore University. Co-founded by Sakshi Shah and Lawrance Bamania, the platform focuses on personalized mental health support, combining AI-driven tools with professional expertise. The funds will fuel GoodLives' plans to enhance its offerings, improve platform functionality, and expand into new markets, making mental health support accessible and impactful.
Funding Details and Strategic Use of Capital
GoodLives successfully raised Rs 1.1 crore in a pre-seed funding round backed by notable investors such as IIM Lucknow, Rabindranath Tagore University, and individual contributors like Anupreet Singh, Deepak Motwani, Abhishek Hota, and Build3.
Strategic Goals for Fund Utilization: The company intends to use the funds to expand its platform’s reach, develop advanced functionality, enhance its product offerings, and enter new domestic and international markets.
Focus on Corporate Well-Being: GoodLives aims to solidify its position as a leader in providing mental health solutions for mid-sized and large corporations.
GoodLives: Revolutionizing Mental Health Support
Founded in 2022, GoodLives is an innovative platform that merges technology with professional mental health interventions.
AI-Driven Personalization: The platform leverages AI to offer do-it-yourself (DIY) exercises tailored to individual needs while integrating expert-led therapy sessions for comprehensive support.
Bridging Therapy and Everyday Wellness: GoodLives aims to demystify and destigmatize therapy by providing accessible and impactful solutions that fit seamlessly into everyday life.
Corporate-Focused Holistic Solutions
GoodLives offers customized well-being programs for organizations, targeting enhanced employee engagement and productivity.
Target Market: The platform primarily serves mid-sized and large corporations, addressing employee mental health through personalized interventions.
Proven Impact: To date, GoodLives has raised mental health awareness among over 5 million individuals, showcasing the effectiveness of its innovative approach.
Social Impact Through Awareness Campaigns
GoodLives has launched an impactful LinkedIn campaign aimed at breaking the stigma surrounding mental health discussions.
Creative Awareness Initiatives: The campaign has received widespread acclaim for its innovative and relatable approach to fostering mental health dialogue.
Driving Social Change: Through these initiatives, GoodLives is not only providing solutions but also creating a more inclusive and understanding society.
Leadership Vision and Commitment
Co-founders Sakshi Shah and Lawrance Bamania are committed to reshaping how mental health is perceived and addressed.
Visionary Leadership: The duo’s vision aligns with making mental health support accessible, meaningful, and integrated into daily life.
Innovation as a Cornerstone: Their focus on combining AI with expert therapy highlights the company’s forward-thinking approach.
Future Outlook for GoodLives
With this fresh infusion of capital, GoodLives is poised for rapid growth.
Expansion Plans: The company is preparing to enter new markets and refine its platform to serve a broader audience effectively.
Broader Market Impact: By focusing on corporate clients and leveraging AI, GoodLives is well-positioned to become a market leader in mental health solutions.