- Wundrsight is revolutionizing remedy by digitizing therapeutic protocols for particular psychological well being circumstances utilizing Digital Actuality.
- Funds can be utilized to deepen partnerships with hospitals, clinics, and rehab facilities throughout India, whereas enhancing platform growth, acquiring regulatory approvals, and scaling operations in main cities.
- To date, Inflection Level Ventures has invested over INR 720 Cr throughout 200+ startups
Wundrsight, a Digital Therapeutics startup has secured $400K in seed spherical led by Inflection Level Ventures. Social Alpha has additionally joined the spherical together with different angel buyers. This funding will allow Wundrsight to develop its community of hospital and clinic partnerships throughout India and speed up the event of its progressive VR-based psychological well being options.
Wundrsight is first in India to construct Digital Actuality and AI primarily based remedy platform for psychological healthcare administration Established in 2022, the corporate focuses on digitising and standardising psychological well being remedy utilizing the immersive nature of Digital Actuality (VR). Their mission is to ship accessible, efficient, and customized take care of numerous psychological, behavioral and neurocognitive well being circumstances, together with Substance Use Problems, OCD, Anxiousness, Phobia, Autism, Dementia and extra. They’ve additionally been backed by Meta (Fb guardian), DLabs at Indian College of Enterprise, IIT Mandi Catalyst, NASSCOM and others.
Raunak Swarnkar, Co-founder & CEO, an IIT GN-Alumni, brings over 5 years of expertise main product growth throughout AI/ML, B2B SaaS, and R&D in Neuroscience and medical gadgets, with earlier roles at TCS R&D, IBM, and RedSeer Consulting. Nishtha Budhiraja, Co-founder & Chief Medical Officer, a psychologist with 10+ years of expertise, has labored with over 5000 sufferers and holds a level from the College of Essex, with prior medical management roles at Loop Well being, Cult.Match. Collectively, they’re on a mission to construct know-how to resolve for the present inefficiencies in delivering high quality psychological healthcare therapy to sufferers.
Vikram Ramasubramanian, Accomplice, Inflection Level Ventures says, “The psychological well being disaster is extra alarming than ever; fixing it with simply conventional strategies is usually restricted to accessibility, customized therapy, and engagement. Many individuals begin remedy however often drop off as a consequence of ineffective retention and engagement methods. Wundrsight is on the forefront of addressing these points by bringing in digital therapeutic and combined actuality know-how like Digital Actuality to create customized, immersive, and efficient psychological well being care experiences. VR augments present options, serving to to retain and interact customers extra successfully, making certain they obtain their outcomes. At IPV, we consider in Wundrsight’s imaginative and prescient to make psychological wellness accessible to all by technological innovation.”
Wundrsight stands out with its passionate workforce, boasting many years of expertise in psychological healthcare and cutting-edge product growth. Wundrsight’s VR options have already confirmed profitable in lowering remedy session occasions by as much as 30%, saving money and time whereas delivering superior affected person outcomes. With a concentrate on evidence-based practices, they’re pioneering VR remedy in India, backed by CDSCO Registration, ISO certifications and CTRI-registered medical trials.
Presently working in 3 metro cities, they’ve already secured contracts with over 5 hospitals, with extra partnerships with main non-public and authorities hospitals underway. Providing greater than 6 VR remedy merchandise, the startup has efficiently handled over 1000 sufferers throughout numerous psychological well being circumstances, together with Substance Use Problems, OCD, Anxiousness, Phobia, and Autism, with clinician-administered therapies.
“We’re at a pivotal second in psychological well being care, particularly now as progressive software-based medical gadgets are getting regulatory approvals for prescriptions,” stated Raunak Swarnkar, Co-Founder & CEO of Wundrsight. “Hospitals and clinics globally face immense stress to offer high-quality, scalable psychological well being companies regardless of a scarcity of clinicians. Our VR-based options not solely cut back the necessity for treatment but in addition improve clinician effectivity, permitting for protected, standardized and efficient therapies. This funding will assist us develop our attain and influence in India and APAC. We look ahead to coming into the US market subsequent the place VR remedy has obtained CPT codes for reimbursement from insurance coverage suppliers.”
India Psychological Well being Market Valuation is projected to succeed in roughly USD 62.86 billion by 2032, up from USD 6.89 billion in 2023, with a compound annual development price (CAGR) of 28.16%.
Wundrsight is a psychological well being startup constructing VR-based Digital Therapeutics options for bettering affected person therapy outcomes and augmenting clinician workflow. Based in 2022 by Raunak Swarnkar and Nishtha Budhiraja, the startup goals to revolutionise how remedy is delivered by digitising therapeutic protocols for particular psychological well being circumstances utilizing Digital Actuality.
Inflection Level Ventures (IPV) is an angel investing platform with over 14,000+ CXOs, HNIs, and Professionals to collectively spend money on startups. The agency helps new-age entrepreneurs by offering them with financial & experiential capital and connecting them with a various group of buyers.
With the launch of Physis Capital, a $50 million fund, IPV is dedicated to backing growth-stage startups from pre-Sequence A to Sequence B.