Mental healthcare provider Amaha is closing a Rs 100 crore fundraising round that combines equity and debt to expand its network of hospitals and clinics, strengthen clinical teams and build technology for care delivery. The company said the financing includes Rs 10 crore of debt from Alteria Capital, leaving roughly Rs 90 crore as equity in the round.
The equity portion of the round counts existing backers Lightbox Ventures and Fireside Ventures among its participants. New investors named in the announcement include London-based life skills platform Sandbox International Holdings Limited, Rainmatter (the personal investment vehicle of Zerodha founder Nithin Kamath), and the family offices of Shreyas Shibulal, Ashish Bharat Ram and Adarsh Jalan. Amaha did not disclose a valuation or the precise allocation of stakes among investors.
“Over the years, working with lakhs of individuals and families, we have seen how important it is for people living with mental illness to get the right care at the right time, with their families supported along the way,” said Amit Malik, psychiatrist, founder and CEO of Amaha.
The company said the funds will be deployed across three main areas: opening new inpatient and outpatient facilities, building clinical capabilities, and investing in technology. Amaha specifically highlighted plans to explore AI-enabled tools for patient triage and clinician support, and to use data analytics to coordinate treatment, track outcomes and improve delivery.
Expansion plan and clinical capacity
Amaha opened its first hospital, a 27-bed super-specialty mental health facility in Thanisandra, Bengaluru, on 4 August 2025. The company said a second hospital, a 55-bed facility in south Bengaluru, is scheduled to begin operations by the end of December 2026. Once the second hospital opens, Amaha will operate a combined 82 beds across the two hospitals.
- First hospital: 27 beds, Thanisandra, Bengaluru — opened 4 August 2025
- Second hospital: 55 beds, south Bengaluru — scheduled to open by end of 31 December 2026
- Planned uses of funds: clinical training and supervision, evidence-based treatment protocols, AI-enabled triage and clinician support, data analytics and physical expansion
What Amaha says it will build
The announcement emphasised clinical depth and quality as priorities. Amaha said it will allocate capital to clinical training, supervision and standardised, evidence-based treatment protocols as it scales its inpatient and outpatient footprint. Technology investments will focus on operational and clinical support systems rather than only consumer-facing digital self-care.
| Area | Planned use |
|---|---|
| Physical expansion | New hospitals and clinics in Indian cities |
| Clinical capability | Training, supervision and evidence-based treatment protocols |
| Technology | AI-enabled triage, clinician support, data analytics for outcomes and coordination |
Amaha began life as InnerHour before rebranding, and currently operates a mix of digital self-care offerings and specialist clinical services. The company positions the fresh capital as a way to increase access to evidence-based specialist mental healthcare while maintaining high standards of treatment and family support.
The fundraising brings together strategic financial and sector investors, including a mix of venture firms, family offices and a noted retail-technology founder, signalling investor interest in scaling specialist mental health infrastructure and in integrating technology into clinical pathways in India.
