India, Aug. 18 -- Update| August 18, 12:50 IST

Child development-focused healthtech startup LISSUN has raised Rs.48 Cr (about $5 Mn) in a Series A funding round led by Colossa Ventures.

The round also saw participation from Physis Capital and existing investors RPSG Capital Ventures, IvyCap Ventures, Rainmatter, Multiply Ventures, and SucSEED Ventures. New Age India Fund and Beyond Capital Ventures joined the company's cap table as new investors.

The Gurugram-based startup plans to deploy the fresh capital to expand the network of its child development and therapy brand, Sunshine by LISSUN, across key cities. It will also use the funds to build AI-led solutions using its proprietary technology and data and strengthen clinical processes...