Digital dermatology startup Clinikally from India has raised $500,000 in pre-seed funding from Y Combinator, a US-based tech startup accelerator, and Shutterstock CEO and founder Jon Oringer.
It additionally secured the quantity from different traders, together with ReNew Energy founder Sumant Sinha, MapMyGenome founder Anu Acharya, Nepean Capital founder Gautam Trivedi, and Northwestern Drugs chief of head and neck surgical procedure Sandeep Samant.
Launched final 12 months, Clinikally runs a web-based teledermatology platform for folks of all ages, together with kids. With about 125 companion manufacturers offering prescription-grade hair and pores and skin merchandise, the digital well being firm is serving round 700 cities in India so far.
The startup is presently constructing an AI mannequin for offering automated therapy plans utilizing a database of pores and skin and hair profiles and prescriptions.
WHAT IT’S FOR
Arjun Soin, founding father of Clinikally, stated they’ll use the recent funds to double down on constructing seamless telemedicine flows; broaden its digital pharmacy service to cater to a wider vary of circumstances; and strengthen their in-house R&D and know-how for AI-based therapy plans.
Not too long ago, the startup partnered with US-based skincare model Soteri Pores and skin to market its merchandise for the therapy of persistent pores and skin circumstances like eczema, psoriasis, and atopic dermatitis in India. It additionally simply launched a digital paediatric dermatology service and pharmacy providing on its platform.
MARKET SNAPSHOT
In August, fellow derma startup Diri Care from Indonesia additionally raised seed funding price $4.3 million which will likely be used for its enlargement actions.
One other AI-driven dermatology firm, CureSkin, scored $5 million in Collection A funding in March, which is able to go in the direction of reaching out to extra shoppers in India.
