Evolve Evolve, an LGBTQ+ mental health tech company that is focused on community announced a pre-seed investment of Rs 3 million, which was led by Rajesh Ranavat, executive director of Fund Strategic Holdings. Angel investors were Dineout co-founders, Ankit Mehrotra as well as Nikhil Bakshi and also international executive from Meta and McKinsey according to the company.
According to founder Anshul Kamath the funds will be used to increase the core team and develop the product. “LGBTQIA+ people are three to four times more likely to suffer from major mental illness.”
“We are delighted to be one of the first firms in the world to address community needs, and our user growth and affection are testaments to the quality of our products thus far,” said the CEO.
Evolve is a program that was developed in the year 2020 , created by Anshul Kamath, and Rohan Arora, is used by more than 250,000 users across the world. The software and its exclusive UI offer users a virtual secure space and individualized treatments based on research that help improve their mental well-being.
Google Play named the app the best App that allows for personal Growth in 2021. “Our goals are to use the funding we have now received to expand the core team at Evolve and invest in building a world-class product that continues to create individual and collective safe spaces for users worldwide,” Kamath explained.