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Dabur's Gaurav Burman acquires 7.5% stake in mental health startup Mitsu
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Dabur's Gaurav Burman acquires 7.5% stake in mental health startup Mitsu
Sep 12, 2023 6:15 AM

Gaurav Burman of the Burman family, also Director of Dabur International, has acquired a strategic 7.5 percent stake in mental healthcare startup Mitsu. Gaurav Burman has also joined the board of Mitsu.

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Founded in May 2023, Mitsu offers a self-therapy program that helps anxious or depressed individuals build skills for lifelong emotional well-being.

"Mental Health is an extremely important issue and affects most of us at some stage in our lives. Mitsu has developed a science-based approach to helping those who feel anxious or depressed in a novel, confidential, and affordable manner," Burman said in a statement.

He added that the investment is part his mission to invest in companies that are shaping the future of healthcare through innovative and people-centered solutions.

Mitsu says users can enroll in Mitsu’s 8-week program to learn and practice skills that are scientifically proven to improve mood and build life-long emotional well-being. These skills are drawn from evidence-based approaches such as Cognitive Behavioural Therapy (CBT), Mindfulness, and Acceptance and Commitment Therapy (ACT).

“We are thrilled to welcome Mr. Gaurav Burman as an investor in Mitsu. His support and guidance will help us move ahead with our strategy to create an accessible, convenient, and scalable solution for mental healthcare that can benefit over 40 percent of the adult population,” said Amit Singh, founder, Mitsu.

Other angel investor in the company include entrepreneurs including Shivashish Chatterjee and Yuvraj Singh (founders of DMI Finance) and Harpreet Singh Grover (who founded and exited CoCubes).

Mitsu positions itself as an affordable and accessible app to a much broader section of the population, including students for therapy offering continuous support from Mitsu’s in-house therapists via the in-app chat feature.

Gaurav Burman is on the board of Burman Capital Management and manages his family’s investment program, which , according to the website of Burman Capital Management, has an investment portfolio with a value of more than $1 billion.

As per reports, he has also invested in companies such as Taco Bell (QSR chain run by Yum! brands), insurance provider Aviva India and online networking platform M3.

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