Thursday, December 1, 2022
HomeInsightFunding Alert Healthtech startup Butterfly Learnings raises $1.5 mn in seed funding

[Funding alert] Healthtech startup Butterfly Learnings raises $1.5 mn in seed funding

Butterfly Learnings, a health tech firm, has raised $1.5 million from investors including Insitor Partners, 9Unicorns, Venture Catalysts, Fondation Botnar, and UTIL Stiftung, and CIIE.CO is in its seed round.

Butterfly Learnings, a health tech firm, has raised $1.5 million from investors including Insitor Partners, 9Unicorns, Venture Catalysts, Fondation Botnar, and UTIL Stiftung, and CIIE.CO is in its seed round.

According to a press statement, the company will use the funding to develop and scale the digital product as well as increase its physical presence across India.

Butterfly Learnings is a technology-enabled behavioural health solution for kids and their families that was founded in 2021 by Sonam Kothari and Abhishek Sen. Through cutting-edge technology, online behavioural health treatments, and a collaborative care team that supports children at all stages of development as well as their families, Butterfly Learnings provides integrated care.

Read also – DeHaat in Talks to raise $100 mn, may become India’s First Agritech Unicorn

“There is a huge unmet need in India for behavioural health for children in the 2-8-year age bracket. We at Butterfly Learnings are using an evidence-based approach to deliver better outcomes to children and their families,” said Dr Sonam Kothari, co-founder and CEO of Butterfly Learnings.

Butterfly Learning competes with Daffodil Health, Mom’s Belief, and Kinderpass in the paediatric behavioural healthcare market.

“Paediatric behavioural healthcare in India is far less accessible than adult healthcare, with an estimated three million children suffering from an autistic spectrum disorder in the country. The vast majority of these children are never diagnosed and consequently never treated. Butterfly Learnings was founded to address this huge unmet need and formalise access to comprehensive quality care in a sector that remains fragmented and underpenetrated,” said Megha Jain, Insitor Partners, an impact investment firm.

Currently, Butterfly Learnings operates four physical centres in Thane and Mumbai. More than 2,000 children and families will receive enhanced clinical results from the company in 2022 as it expands its services across the nation.

Read also – [Funding alert] D2C Brand Ustraa raises INR 16.8 Cr from Info Edge, Others

“Paediatric behavioural healthcare is on the rise not only in India but globally as well. According to global reports, one in seven kids aged below 15 feels depressed. Besides, post Covid, there has been a spike in such incidents but there are many pediatric therapists in the country who still believe mental health is taboo. We are extremely happy to find Butterfly Learnings that is using technology in not only diagnosing such problems amongst kids but also using data science to treat these kids that are the future of any economy,” said Dr Apoorva Ranjan Sharma, co-founder of Venture Catalysts and 9Unicorns.

About Butterfly Learnings

Butterfly Learnings is the first full-family behavioral health solution built specifically to care for kids and parents across a range of common family challenges. Launched at a time when 1 in 5 children has a behavioral health condition and up to 80% don’t get the care they need, with increasing need exacerbated by the Covid-19 pandemic, Butterfly Learning is here to help families across the country thrive.

RELATED ARTICLES
- Advertisment -

Most Popular

- Advertisment -

Also Read

- Advertisment -
Newsletter

Subscribe to our weekly newsletter and don't forget to check out the latest updates.