Skip to main content

Mave Health

Category: AI in Healthcare

A neurotechnology startup developing 'Arc,' a non-invasive brain stimulation wearable designed to treat depression and enhance cognitive performance through transcranial Direct Current Stimulation (tDCS). Mave Health was founded in 2023. The company is led by Dhawal Jain. Based in Bengaluru, India & San Francisco, USA. Team size: 11-50. Total funding raised: $2.85M. Latest round: Seed round (Apr 2024). Key investors include Blume Ventures, Antler, All In Capital, iSeed Fund, Stanford Angels, Inuka Capital, Aureolis Ventures.

Founded
2023
Headquarters
Bengaluru, India & San Francisco, USA
Team size
11-50
Total funding
$2.85M

Value proposition

Provides a drug-free, non-invasive, and home-based alternative to traditional depression treatments with minimal side effects, integrated into a holistic expert-led care ecosystem.

Products and solutions

Arc: A tDCS-based wearable headset targeting the prefrontal cortex., Mave Health App: A companion digital platform for session tracking, mood monitoring, and real-time guidance., Mave Care: A comprehensive 12-week guided program featuring unlimited sessions with psychologists, doctors, nutritionists, and fitness coaches.

Unique value

Mave Health is the first Indian startup to launch a tDCS wearable for depression, uniquely combining medical-grade hardware with a human-centric, multi-disciplinary care program rather than offering a standalone device.

Target customer

Individuals suffering from clinical depression and anxiety, high-performance professionals seeking cognitive enhancement, and mental health practitioners (psychologists/clinics).

Industries served

Healthtech, Neurotechnology, Mental Health & Wellness, Consumer Electronics

Technology advantage

Utilizes proprietary hardware IP and custom sensor arrays to deliver targeted neuromodulation; the business model leverages a 'hardware-as-a-service' approach through guided programs to ensure clinical efficacy and user adherence.

How they differentiate

Mave Health differentiates by offering a 'Hardware-as-a-Service' model called Mave Care. Unlike global competitors that often sell standalone devices, Mave integrates their 'Arc' headset into a 12-week comprehensive program featuring unlimited access to psychologists, doctors, and nutritionists, specifically tailored for the Indian market's affordability and cultural context.

Main competitors

Flow Neuroscience, Fisher Wallace, Sooma Medical

Key partnerships

Clinical Partners: Strategic collaborations with private clinics, hospitals, and independent psychologists across India for distribution and patient care., Investment Partners: Backed by Blume Ventures, Antler, All In Capital, iSeed Fund, Stanford Angels, Inuka Capital, and Aureolis Ventures.

Notable customers

Private psychiatric clinics in Bengaluru, Independent mental health practitioners, Direct-to-consumer subscribers of Mave Care

Major milestones

Secured $750K Pre-seed funding led by Antler in November 2023, Raised $2.1M Seed funding led by Blume Ventures in March 2026, Launched 'Arc', the first tDCS-based wearable for depression treatment in India, Established partnerships with clinical psychologists for guided neurostimulation programs, Completed 500-person beta program in 2024-2025 with positive user-reported outcomes, Opened pre-orders for US and India markets with shipments starting April 2026

Growth metrics

Team size expanded to 11-50 employees; completed 500-person beta program; opened pre-orders in US and India with shipments starting April 2026; 80% of beta users reported 60%+ productivity gains.

Market positioning

First-mover in the Indian consumer neurotechnology space, positioning itself as a premium, drug-free alternative for clinical depression and cognitive enhancement.

Geographic focus

India (Primary), with long-term plans for expansion into other emerging markets.

Patents and IP

Proprietary hardware IP and embedded firmware; specific patent registrations are not publicly disclosed but are cited as a core competitive barrier.

About Dhawal Jain

Dhawal Jain is a serial entrepreneur and BITS Pilani alumnus. Before founding Mave Health, he co-founded DYBO, a technology startup specializing in 3D and Augmented Reality (AR) solutions for e-commerce, which he led from a college project to a commercial platform. His transition into neurotechnology was driven by personal experiences with the mental health crisis and a desire to build evidence-based, non-invasive treatment solutions.

Official website: