Dabur Chairman Buys Wellness Startup Stake
Packaged consumer goods maker Dabur India chairman Amit Burman has picked up stake in emotional and mental wellness platform No Worry No Tension Healthcare (NWNT) in his personal capacity in a deal that is part of pre-series A funding. Confirming the development, Burman said, “This can potentially cause disruption in a society that's craving for uplift. Stress levels are up over multiple factors and there’s escalation amidst the Covid-19 pandemic with people are going through emotional, health and financial stress.” Burman’s existing investments and ventures outside of Dabur include Lite Bite Foods which runs restaurants brands Punjab Grill, Street Foods and Zambar, liquor importing firm Nature’s Bounty Wines and Allied Products, Poker Sports League and Ultimate Kho Kho League.
NWNT, a bootstrapped startup set up by psychiatrist Sandeep Vohra in 2011, uses augmented human intelligence-based technology to screen, evaluate, prevent and treat emotional and mental health disorders, information on its website said.
Burman said the intent of the platform is to bridge the wide gap between demand and supply in the space of emotional health in a scalable manner. The health ministry has uploaded a series of measures for “handling emotional problems” during the pandemic. A report by the Indian Council of Medical Research shows that one out of every seven individuals in India is already suffering from a mental health concern.
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