Mental fitness platform MindPeers has raised a $500,000 seed round of funding led by Venture Catalysts. The round also witnessed participation of Goodwater Capital, Magic Fund, and Ministry of Electronics and IT.
Co-founded by Kanika and Sahil, MindPeers integrates mental fitness and biomarkers and leverages digital tools to promote mental well-being and for improving overall performance. It gives users an end-to-end assortment of human intervention with therapists along with clinical digital tools to introduce them to the benefits of adopting scientifically-backed mental fitness.
MindPeers says its business model is B2B and B2B2C with a market size of over Rs 10,000 crore.
MindPeers offers an innovative, creative and engaging platform to address the issue while providing a holistic platform to promote health and well-being. It also claims to combine mental fitness tests, gaming, and an open community experience for users.
Venture Catalysts is an integrated incubator for startups which combines capital, mentoring, and network for startups and has a presence in 47 cities across India with an international presence in UAE, HK, UK, USA, Canada, and Singapore.