Sexual & Mental Wellness App ThatMate raises $140 K from Rebalance and Other Angels

Mental Health

ThatMate, a sexual and mental wellness app for teens which is based out of Pune has announced to have raised $140,000 in angel funding from Rebalance Angel Community and a group of angels. Even the Ministry of Electronics and Information Technology (MeitY) also has invested in the startup as a part of its TIDE 2.0 scheme.

Angel investors who partook in this round are Premanshu Singh, CEO, Paytm Insurance, Devendra Rane, SVP Technology and Engineering, Paytm, Kanti Prabha, Co-founder and COO, Sirion Labs, Devadatta Sahoo, Co-founder, NetTantra Technology, Vivek Lodha, CEO, JVS Foods, Shruti Lakkaraju, Ashish Tickoo, Yash Gupta, Aditya Singh, and AIC Banasthali and its angels Krishna Mehra, Supriya Kumari, and Mamta Nehra.

Founded in 2020 by Madhavi Jadhav and Nishant Neeraj, ThatMate is helping teens worldwide in the sexual and mental health area. It assists them to make informed choices as they grow up.

ThatMate’s Android app acts as a friend which listens to the teenagers and guides them through puberty, relationships, self-image concerns, peer pressure, and stress, amidst others. ThatMate participated in Rebalance Accelerator’s Inaugural Cohort in 2019, founded by Vikas Kumar and Aishwarya Malhi.

Commenting on the investment, Madhavi Jadhav, Co-founder and CEO of ThatMate, said, “When I was growing up, I went through many personal and social challenges. Life would have been easier if I had someone to talk to without any hesitation or triggering shame. We are trying to create a safe space for teenagers which is designed to educate and support teens through self-discovery according to their location, age, and culture. As of matter, joining Rebalance Accelerator has helped us reimagine the scale and impact of the problem we were solving offline, and that pushed us to launch the application.”

Aishwarya Malhi and Vikas Kumar, Co-founders of Rebalance, said, “There are already a few apps which deals with sexual and mental wellness, but none of them in particular focuses on teens. With more than 1.2 billion teens across the globe, the opportunity to shape young girls and boys beyond academics is humongous. What we liked regarding ThatMate is that they’re choosing to prevent impending issues right from the onset instead of just offer remedies.”

Founded in October 2020, ThatMate has said to have gained significant momentum throughout India. The startup has also started working with the Jharkhand government and UNICEF to support 6 lakh students in the state. Its AI-powered interactive bot Bolo answers all the questions teens cannot ask anyone.

Nishant Neeraj, Co-founder and CTO, ThatMate, said, “The app thoughtfully passes on the knowledge via interactive comic books, gamified user journeys, knowledge quizzes, and age-appropriate unlocks based on the user’s behavioural insights.”

Premanshu Singh, CEO, Paytm Insurance, said, “The pandemic is going to have an immense impact on the mental and sexual health of teens. Young girls and boys are already feeling the impact of not being able to socialise with their friends and schoolmates and expressing it as frustration, depression, and irritability. ThatMate to me is an integration of a fast-growing market, a determined team, and a great product.”

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  • Online Team Asia Tech is a team of Journalists, Entrepreneurs, and Enthusiast Writers who contribute to the platform by bringing everyday stories, updates, opinions and insights from the Asian Startup Ecosystem.

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