Digital dermatology startup Clinikally from India has raised $500,000 in pre-launch funding from Y Combinator, a US-based tech startup accelerator, and Director Shutterstock executive and founder Jon Oringer.
It also secured funds from other investors, including ReNew Power founder Sumant Sinha, MapMyGenome founder Anu Acharya, Nepean Capital founder Gautam Trivedi and Northwestern Medicine director of head and neck surgery Sandeep Saman .
Launched last year, Clinikally runs a web-based telemedicine platform for people of all ages, including children. With around 125 partner brands offering prescription skin and hair care products, the digital health company is serving around 700 cities in India to date.
The startup is currently building an AI model to deliver automated treatment plans using a database of skin and hair profiles and prescriptions.
Arjun Soin, founder of Clinikally, said they will use the new money to double down on building seamless telemedicine flows; expand the digital pharmacy service to accommodate more conditions; and enhance their technology and in-house R&D for AI-based treatment plans.
The startup recently partnered with US-based skincare brand Soteri Skin to market products to treat chronic skin conditions like eczema, psoriasis and atopic dermatitis in India. Degree. It also just launched a virtual pediatric dermatology service and pharmacy offering on its platform.
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In August, the startup Derma Diri Care from Indonesia has also raised $4.3 million in seed funds that will be used for its expansion activities.
Another AI-driven dermatology company, CureSkin, has scored $5 million in Series A funding in March, will go towards reaching more consumers in India.