Mental healthcare provider Amaha is set to close a Rs 100 crore fundraise, including Rs 10 crore in debt financing from Alteria Capital, to expand its hospital and clinic network, strengthen clinical teams and invest in technology. The round includes existing backers Lightbox Ventures and Fireside Ventures, alongside Rainmatter, Sandbox International Holdings Limited and family offices of prominent Indian business leaders.
Founded by psychiatrist Dr Amit Malik, Amaha operates an integrated mental healthcare model that combines online consultations, outpatient services and hospital-based treatment. The planned fundraise comes as the company looks to expand specialist care across India and build the clinical and technology infrastructure needed to support that growth.
Amaha Funding: Investors and Expansion Plans
The Rs 100 crore round includes participation from:
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Lightbox Ventures and Fireside Ventures, existing investors.
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Sandbox International Holdings Limited (SIHL).
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Rainmatter, the investment initiative associated with Nithin Kamath.
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The family offices of Shreyas Shibulal, Ashish Bharat Ram and Adarsh Jalan.
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Alteria Capital, which is providing Rs 10 crore in debt financing.
The capital is expected to support expansion into key Indian cities, investment in clinical infrastructure and the development of specialist mental healthcare services. The company also plans to strengthen clinical training and supervision, broaden its evidence-based treatment options and establish consistent care protocols across its network.
Founder Amit Malik’s Focus on Integrated Mental Healthcare
Dr Amit Malik founded Amaha in 2016, initially under the name InnerHour. The organisation later expanded its services and joined hands with Delhi NCR based Children First in 2022, strengthening its focus on child and adolescent mental healthcare. Co-founder Neha Kirpal joined the venture in 2019.
Amaha’s model brings together digital access, clinics and hospital-based treatment. Its current services include adult psychiatry, therapy, child and youth mental healthcare, and specialist treatments for complex conditions. The company’s official website lists centres in Bengaluru, Mumbai, Delhi and Gurugram.
The expansion strategy places clinical capacity alongside technology investment. Amaha plans to use AI-enabled tools for patient triage and clinician support, as well as data analytics to improve coordination and track treatment outcomes. These investments could help standardise workflows as the network grows, although their impact will depend on clinical oversight, implementation and measured patient outcomes.
Amaha Mental Health Report Highlights Delays in Seeking Care
Amaha’s Mental Health Report 2026: Understanding the Journey to Care in India offers context for the company’s expansion plans. The report draws on responses from 13,825 people who answered questions before starting care with Amaha between October 2025 and September 2026.
Key findings include:
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53% had lived with mental health concerns for more than a year before seeking professional care.
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94.9% reported two or more mental health concerns simultaneously.
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Only 11.3% reached care within a month of experiencing their concerns.
These findings point to the challenges people can face before entering professional care. However, the report reflects people who eventually sought help from Amaha; it should not be treated as a nationally representative survey of India's entire population.
What the Fundraise Means for India’s Mental Healthcare Sector
For Amaha, expanding the network will require more than opening new facilities. Clinical hiring, training, treatment quality and coordination between digital and in-person services will be central to delivering consistent care across locations.
The planned investment in AI also raises an important operational question: how can technology help clinicians manage workflows without replacing professional judgement? In mental healthcare, technology can support administrative and clinical processes, but safe implementation requires appropriate oversight and protection of sensitive patient information.
The fundraise signals continued investor interest in specialist healthcare services that combine physical infrastructure with digital tools. Amaha’s next challenge will be to translate the additional capital into greater access to qualified professionals and consistent standards of care.
