Amaha to Raise ₹100 Crore to Expand Specialist Mental Healthcare Network

[Featured image placeholder: Upload the attached photograph of Amaha founder and CEO Dr Amit Malik. Suggested alt text: Dr Amit Malik, founder and CEO of Amaha]

Amaha is set to close a ₹100 crore funding round to expand its specialist mental healthcare network across India. The round brings together existing investors Lightbox Ventures and Fireside Ventures with Rainmatter, Sandbox International Holdings and several family offices.

The financing includes ₹10 crore in debt from Alteria Capital. Amaha plans to use the capital for new hospitals and clinics, larger clinical teams, stronger treatment systems and technology that can support care delivery.

The round also includes participation from the family offices of Shreyas Shibulal, Ashish Bharat Ram and Adarsh Jalan. Amaha said the mix of equity and debt will support its next phase of growth while it increases access to care for people living with moderate to severe mental health conditions.

Expansion across major Indian cities

Amaha currently operates nine centres across Bengaluru, Delhi NCR and Mumbai. Its services are available in more than 15 languages. The company has delivered over 450,000 therapy and psychiatry sessions to more than 100,000 clients, mostly in India.

A major part of the expansion is a second mental health hospital in South Bengaluru. The 55-bed facility is expected to begin services by the end of December 2026. Amaha opened its first 27-bed super-specialty mental health hospital in Bengaluru in 2025.

The company’s model connects digital self-care, online consultations, outpatient treatment, hospital-based care and peer support. This gives patients and families a more continuous path from early assessment to specialist and intensive treatment when needed.

Dr Amit Malik, psychiatrist, founder and chief executive of Amaha, said timely access and family support are important for people living with mental illness. He said the organisation has built an integrated model led by an in-house team of psychiatrists and psychologists.

According to Malik, the next phase will deepen Amaha’s clinical expertise while building infrastructure and systems that can make evidence-based specialist care available to more families without lowering treatment quality.

Investment in clinicians and technology

Amaha plans to increase spending on clinical training and supervision as its network grows. It will also expand the range of evidence-based treatments and use common protocols to maintain consistent standards across digital, outpatient and hospital services.

Technology will be another area of investment. The company plans to develop AI-enabled tools for triage and clinician support. It will also use data analytics to help care teams coordinate treatment, track outcomes and improve the way services are delivered.

Amaha said these tools are meant to support trained professionals, not replace them. Mental healthcare often requires detailed assessment, continued monitoring and changes in treatment based on a person’s response. Better information can help clinical teams make decisions while keeping professional judgement at the centre of care.

The scale of India’s mental healthcare gap

Amaha’s Mental Health Report 2026 was based on responses from 13,825 people. It found that 53% had lived with mental health concerns for more than a year before seeking professional help. It also found that 94.9% reported two or more concerns at the same time.

These findings point to a gap between experiencing distress and receiving qualified support. Cost, stigma, limited awareness and a shortage of specialist services can all delay treatment. When several concerns appear together, people may need coordinated care instead of a single short consultation.

Amaha says its expanded network will focus on conditions including anxiety, depression, bipolar disorder, attention deficit hyperactivity disorder, obsessive-compulsive disorder, addiction, schizophrenia and personality disorders.

The organisation has more than 270 mental health professionals and peer-support communities with over 65,000 members. It also works with more than 150 organisations on workplace and institutional mental health programmes.

Building a full care network

Amaha was founded in 2016 by Malik. In 2022 it partnered with Children First to strengthen care for children, adolescents and families. The hospital expansion adds intensive psychiatric treatment to a platform that began with digital and outpatient services.

India’s mental health sector has attracted growing investor attention, but operating specialist facilities is more complex than scaling a standard digital platform. Hospitals require trained staff, clinical governance, safety systems and long-term patient support. Amaha’s funding plan reflects that wider infrastructure need.

The new round will give the company resources to enter more cities and build a broader care network. The key test will be whether it can expand while maintaining clinical standards, clear outcome measurement and affordable access for patients and families.

About Amaha

Amaha is an integrated mental healthcare organisation providing digital self-care, outpatient and inpatient treatment and community support. It serves clients across Bengaluru, Delhi NCR and Mumbai and operates services in more than 15 languages. The funding will also support stronger clinical training, treatment supervision and coordinated care as Amaha expands. These investments will be important for maintaining consistent quality across new locations and services.

What the announced funding establishes

The round is described as being set to close, which is different from confirmation that every component has already been received. The ₹100 crore figure includes the disclosed debt component and should not be presented as an entirely equity-funded transaction. The announcement does not provide a valuation, the ownership stakes of participating investors or a breakdown of the planned expenditure across facilities, staffing and technology.

The planned 55-bed hospital is also a future capacity addition. Its stated December 2026 timetable does not mean those beds are already available. The nine-centre footprint and the separate hospital plans describe different aspects of the operating network, and subsequent updates will be needed to confirm openings and the services offered at each location.

Similarly, the survey figures describe responses from the people included in Amaha’s report. They should not be interpreted automatically as prevalence estimates for India’s entire population. The release does not provide enough methodological detail here to establish representativeness across regions or demographic groups. The findings support a discussion of the company’s research without establishing a national estimate.

From a business perspective, the announcement combines financing with a proposed expansion of physical infrastructure and internal capabilities. Future reporting can assess the completion of the round, commissioning of new facilities and deployment of the planned systems. The company’s activity figures show reported reach, while a separate assessment would be needed to establish clinical outcomes or compare performance with other providers.