Free sleep app Neend raises $700k in Seed round led by Better Capital, others
Summary
Commenting on the investment, Surbhi Jain, Founder of Neend, said, “In the last 5 years due to change in our lifestyles - lack of physical exercise, increased screen time consumption, and stress, sleeplessness or insomnia has become a very common problem. Neend combines immersive content and sleep expertise in a simple single app that is designed for millions of Indian users who are suffering with little help. Owing to the current fast paced life, a majority of Indians are dealing with stress and anxiety which often lead to sleep deprivation, which the brand is aiming to address. The Neend app currently has over 50K downloads (most of these coming organically), with individuals suffering with severe insomnia issues recovering significantly and getting rid of their medication, according to an official statement. The company is also working with experts to build sleep therapy content that helps cure stress, and chronic insomnia, it added.
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