Thursday, September 29, 2022
HomeInsightFunding Alert Evolve Raises Rs 3 Cr in Pre-Seed Funding Round

[Funding alert] Evolve Raises Rs 3 Cr in Pre-Seed Funding Round

Rajesh Ranavat (executive director, Fung Strategic Holdings) led a pre-Seed investment round that secured INR 3 crore for the LGBTQ+ community-focused firm Evolve. Along with the international professionals from Meta and McKinsey, the round also included angel investors like Ankit Mehrotra and Nikhil Bakshi (founders, Dineout).

Rajesh Ranavat (executive director, Fung Strategic Holdings) led a pre-Seed investment round that secured INR 3 crore for the LGBTQ+ community-focused firm Evolve. Along with the international professionals from Meta and McKinsey, the round also included angel investors like Ankit Mehrotra and Nikhil Bakshi (founders, Dineout).

The money raised will be used to grow Evolve’s core team and make investments in creating a top-notch product that continues to offer users all over the world both private and public safe zones.

Evolve, a healthtech firm founded in 2020 by Anshul Kamath and Rohan Arora, was just named one of Google’s Top 10 User Apps in India!

Read also – [Funding alert] Anveshan raises $2 mn in pre-series A round

“Members of the LGBTQIA+ community are 3 to 4 times as likely to experience serious mental illness. We are proud to be one of the first companies globally solving for the needs of the community and our user growth and love are testaments to the quality of our offerings so far. Our plans are to use the funds we have now secured to expand the core team at Evolve and invest in building a world-class product that continues to provide individual and collective safe spaces for users around the world,” said Anshul Kamath, founder, Evolve.

“In a short period of time, Evolve has built a very compelling mental health app which operates totally on an interactive AI platform enabling it to scale up at a global level. The early success in terms of adoption by more than 200,000 users globally and recognition by Google Play as one of the top personal growth apps puts it in good stead for its next stage of growth,” said Rajesh Ranavat, lead investor.

Read also – [Funding alert] UserStudy Raises Rs 8 Cr in Pre-Seed Funding

About Evolve

Evolve is changing the way people approach their everyday mental health and wellbeing.

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