India's Amaha raises $10.5M Series B to build out mental health hospital network
What's the deal? Mental healthcare provider Amaha is raising US$13.6M in a Series B round to expand its hospital and clinic network across India. The round includes US$1.36M in debt financing from Alteria CapitalDealroom has a profile for this one. Try Dealroom →.
Who's backing it? Existing investors Lightbox VenturesDealroom has a profile for this one. Try Dealroom → and Fireside VenturesDealroom has a profile for this one. Try Dealroom → returned, joined by new backers Rainmatter, London-based Sandbox International Holdings, and the family offices of Shreyas ShibulalDealroom has a profile for this one. Try Dealroom →, Ashish Bharat Ram, and Adarsh Jalan.
What's the endgame? Founded in 2016, Amaha offers digital self-care, outpatient and inpatient treatment, and peer support in more than 15 languages. It will use the capital to open hospitals and clinics in key cities, strengthen clinical teams, and invest in AI-enabled tools for patient triage and clinician support.
By the numbers: Amaha runs nine centres across Bengaluru, Delhi-NCR, and Mumbai, with more than 270 mental health professionals. It has delivered over 450,000 therapy and psychiatry sessions to more than 100,000 clients.
The company opened a 27-bed hospital in Bengaluru in 2025, with a 55-bed facility due to begin operations by the end of December 2026. Reports put its post-money valuation at US$46.2M–US$47.5M, though Amaha has not confirmed that figure.
Why now? "Our focus now is on deepening our clinical expertise and further building the infrastructure and systems needed to make evidence-based specialist mental healthcare accessible to more individuals and families across India," said founder and chief executive officer Dr Amit Malik.
The signal: The round ranks among the largest Series B deals in Indian healthcare, a sector where mental health startups have faced a funding decline. It marks a shift from app-focused wellness toward the harder, capital-intensive work of inpatient specialist care.
Read more: fortuneindia.com, economictimes.indiatimes.com
Image credit: Amaha
