Total amount raised
$1.6 Million
Latest funding date
1/1/2022
Location
YourDOST has successfully raised funding over three rounds, with the latest being a venture round of an undisclosed series. The platform is backed by 15 investors, including notable names like Aureolis Ventures and Phanindra Sama.
Keep reading to explore the intricacies of YourDOST's fundraising journey and the investors backing this innovative online counseling platform.
What Is YourDOST?
YourDOST is an online counseling platform that connects users with psychologists and counselors for guidance on personal, professional, and academic matters. The company operates within the Health Care and Wellness industries and is based in Bangalore, Karnataka, India.
Founded as a private venture, YourDOST has an employee count ranging from 11 to 50. The platform focuses on providing mental health and emotional wellness coaching through online sessions, helping individuals manage their emotional health effectively.
How Much Funding Has YourDOST Raised?
- Funding Round: Seed
- Amount Raised: USD 400,000
- Date: September 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Establish and grow the initial operations of the platform.
- Funding Round: Seed
- Amount Raised: USD 1,200,000
- Date: June 2016
- Lead Investors: Elevation Capital
- Valuation at Round: USD 5,380,000
- Motivation Behind the Round: Scale operations, hire senior executives, and set up a research division.
- Funding Round: Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support the growth and expansion of YourDOST's online counseling services.
Total Amount Raised: USD 1,600,000
Current Valuation: USD 5,380,000
Key Investors
- SAIF Partners
- Details: SAIF Partners is a leading private equity firm that invests in Asia. They led the pre-Series A funding round for YourDOST with a $1 million investment.
- Investment Focus Areas: Technology, consumer products, healthcare, financial services, manufacturing.
- Notable Investments: MakeMyTrip, JustDial, Paytm, Swiggy.
- Phanindra Sama
- Details: Phanindra Sama is the founder of redBus, a popular online bus ticketing platform in India. He participated as an existing investor in the pre-Series A funding round for YourDOST.
- Investment Focus Areas: Technology startups, travel, and transportation sectors.
- Notable Investments: Not publicly disclosed.
- Aprameya Radhakrishna
- Details: Aprameya Radhakrishna is the founder of TaxiForSure, a cab aggregator service in India. He participated as an existing investor in the pre-Series A funding round for YourDOST.
- Investment Focus Areas: Technology startups, transportation, and logistics sectors.
- Notable Investments: Not publicly disclosed.
- Subba Rao Telidevara
- Details: Subba Rao Telidevara is the former partner of PE firm Actis and founder of LotusPool Capital Pool. He participated in the funding round for YourDOST.
- Investment Focus Areas: Private equity and capital investments.
- Notable Investments: Not publicly disclosed.
- Vibhu Garg
- Details: Vibhu Garg is the co-founder of Unicommerce. He participated in the funding round for YourDOST.
- Investment Focus Areas: E-commerce and technology startups.
- Notable Investments: Not publicly disclosed.
What's Next for YourDOST?
As YourDOST continues to grow, the platform is poised to capitalize on the increasing demand for mental health services in India. With a significant portion of the population experiencing stress and mental health issues, the opportunity to expand their user base and enhance their services is immense. The company plans to scale operations, hire senior executives, and set up a research division to make their services more scientific and personalized.
Future fundraising opportunities are likely as YourDOST aims to support its expansion and scaling efforts. The growing investor interest in online mental healthcare startups suggests that additional funding rounds may be on the horizon. However, the company will need to navigate challenges such as the stigma associated with mental health, competition from other startups, and maintaining the quality and confidentiality of their services.
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