BetterSpace, a Raipur-based mental health tech startup, has successfully secured INR 4.5 million in its pre-seed funding round. The funding was led by PedalStart, reflecting a growing recognition of the importance of mental health in today’s fast-paced world.
Founded in 2020 by Shivli Shrivastava and Abhilash Shrivastava, BetterSpace has carved a niche for itself by offering psychologist-led counseling workshops, community engagement programs, and a range of initiatives tailored to address diverse mental health challenges. The startup’s commitment to inclusivity is evident through its delivery of content, therapy, and strategic interventions in multiple vernacular languages, ensuring accessibility for a broad demographic.
BetterSpace’s current offerings include a mobile app and self-paced products and toolkits designed to foster mental well-being and personal growth. With the newly acquired funds, the startup is gearing up for an expansion that includes the development of innovative tech-enabled mental wellness solutions.
The pre-seed funding will be strategically allocated to enhance existing offline and online services, develop a new product range, boost marketing and brand visibility, and optimize technological infrastructure. These key areas of focus align with BetterSpace’s mission to make mental health resources more accessible, effective, and comprehensive.
Among the upcoming initiatives is the Imagi Box, a therapy box designed to support children facing learning and cognitive difficulties. Additionally, BetterSpace is set to introduce Therapy Pods, dedicated rooms in hospitals addressing privacy concerns during therapy sessions, and a groundbreaking mental wellness game designed for families.
The company proudly reports having facilitated over 5,000 offline sessions across a diverse range of settings, including schools, hospitals, community centers, and corporate offices. The success of these sessions underscores BetterSpace’s impact in the mental health space, positioning it as a key player with a multifaceted approach to addressing mental health needs.
A significant portion of the funds will be directed towards improving marketing strategies and brand visibility, reflecting the competitive landscape of the mental health tech sector. BetterSpace aims to stand out and reach a wider audience through targeted marketing efforts, ensuring that its innovative solutions reach those who need them most.
Technological optimization is another crucial aspect of BetterSpace’s plan for the funds. The startup recognizes the importance of staying ahead in technological advancements to refine existing platforms, enhance user experience, and incorporate emerging technologies for more effective mental health solutions.
As BetterSpace gears up for expansion and innovation, it enters a competitive landscape alongside notable companies such as Wysa, Innerhour, Juno Clinic, YourDOST, eSpyClinic, and Trijog. The startup’s successful pre-seed funding round, spearheaded by PedalStart, positions it for significant growth and impact in the mental health technology sector.