[[{“value”:”
Healthtech startup Mave Health has raised $2.1 Mn (₹18 Cr) in a seed funding round led by Blume Ventures, with participation from All In Capital, Inuka Capital, Stanford Angels, among others.
The startup intends to use the fresh capital to launch its wearable headset in the US and India as well as expanding its manufacturing capabilities.
Currently operating in beta, Mave Health claims to have onboarded over 500 users after its public release last month. The device is currently available for pre-order in both markets, with shipping set to begin next month.
Founded in 2023 by Dhawal Jain, Jain Sharma, and Aman Kumar, Mave Health develops non-invasive wearable headsets designed to improve focus, mood, and stress regulation by delivering low-intensity electrical signals to the brain using transcranial direct current stimulation (tDCS).
The technology behind the headset is based on non-invasive brain stimulation (NIBS). The headset delivers mild electrical currents to specific areas of the brain from outside the head, helping regulate neural activity. These currents can either increase or decrease brain cell activity based on the need of the user. For instance, in conditions like depression, the current can activate underactive parts of the brain to improve mental health.
Mave Health’s flagship headset is designed to deliver this low-intensity stimulation to strengthen the prefrontal cortex — the region responsible for attention, emotional regulation, and stress response. The lightweight device is meant to be worn for just 20 minutes a day and can last up to a month on a single charge with regular use, the startup said.
According to the startup, 80% users report an over 60% increase in productivity and 75% users experience reduced stress within four weeks of use. Users also reported an average mood improvement of 77%, Mave Health claims.
With the latest round, the startup’s total funding has reached nearly $3 Mn, including a $750K pre-seed round raised back in 2023
The development comes at a time when India’s healthtech wearables market is witnessing a shift from basic fitness tracking to advanced health monitoring and longevity-focused solutions. This trend is expected to form a significant part of the broader healthtech market in the near future.
This shift particularly caught mass attention after ex-Eternal CEO Deepinder Goyal forayed into the wearable market with his new venture, Temple. Although Temple’s offerings are still in the wraps as of now, the products are likely to measure “Brain Flow” – the blood flow to the brain. The device will be built on Goyal’s biological research initiative Continue Research’s first hypothesis – Gravity Ageing.
Meanwhile, other startups that are also in the health-focused wearable market are also gaining traction. Startups like Sychedelic, Marbles Health, InnerGize, among others are also seeing increased adoption in the Indian market.
Overall, India’s healthtech market is projected to reach $21.3 Bn by 2025, growing at a CAGR of 27%. With over 5,200 startups, the sector is rapidly moving towards preventive care and SaaS-based models, as per Inc42’s India’s eHealth Market Opportunity Report.
The post Mave Health Nets $2.1 Mn To Launch Its Mental Health-Focused Wearables appeared first on Inc42 Media.
“}]]
Read More Latest Startup News From The Indian Startup Ecosystem – Inc42 Media