Mental health startup Amaha (formerly InnerHour) has raised Rs 50 crore in an extended Series A round led by Fireside Ventures. The fresh capital has come from the Bengaluru-based firm after a gap of two years.
The board of Amaha has approved a special resolution to allot 31,35,836 shares at an issue price of Rs 159.20 per share, aggregating to around Rs 50 crore, as per regulatory filings with the Registrar of Companies.
Fireside Ventures led the round in Amaha with an investment of Rs 18.07 crore, followed by Shreyas Shibulal who infused Rs 13.55 crore, and Lightbox which invested Rs 9.3 crore, as per regulatory filings.
As per Entrackr’s estimates, Amaha has been valued at around Rs 300 crore, almost two-fold jump from its valuation of Rs 177 crore in the previous $4.4 million round raised in January 2024. The proceeds will be used for operations, team expansion, capital expenditure, and working capital needs, according to its filings.
Amaha, formerly InnerHour, was founded in 2016 by Amit Malik, with Neha Kirpal joining as co-founder in 2019. The company provides treatment for conditions such as anxiety, depression, ADHD, and OCD through a combination of clinical expertise and technology-led tools. It claims to have over 6 million users, 220,000 therapy sessions, 50,000 community members, and 120 partnerships.
In January 2024, Entrackrexclusively reported that Amaha had raised $4.4 million in a funding round led by Fireside Ventures.
During the fiscal year ending March 2025, Amaha reported a revenue of Rs 27.57 crore, up from Rs 21.40 crore in FY24. At the same time, its losses increased to Rs 29.80 crore in FY25 from Rs 27 crore in the previous fiscal.
