Indian dermatology startup Clinikally has raised $500,000 in pre-seed funding from Y Combinator, a US-based tech startup accelerator, and Shutterstock CEO and founder Jon Oringer.

He additionally secured the quantity from different buyers together with ReNew Energy Founder Sumant Sinha, MapMyGenome Founder Anu Acharya, Nepean Capital Founder Gautam Trivedi and Head and Neck Surgical procedure Head of Northwestern Drugs. Sandeep Samant.

Launched final yr, Clinikally runs an internet teledermatology platform for folks of all ages, together with kids. With round 125 model companions offering high quality prescription hair and pores and skin merchandise, the digital well being firm at present serves round 700 cities in India.

The startup is at present constructing an AI mannequin to ship automated remedy plans utilizing a database of pores and skin and hair profiles and prescriptions.

WHAT’S THE POINT

Arjun Soin, founding father of Clinikally, mentioned they might use the brand new funds to double down on organising seamless telemedicine streams; increase its digital pharmacy service to satisfy a wider vary of circumstances; and strengthen their in-house R&D and expertise for AI-based remedy plans.

Just lately, the startup partnered with American skincare model Soteri Pores and skin to carry its merchandise for the remedy of power pores and skin circumstances corresponding to eczema, psoriasis and atopic dermatitis to market in India. It has additionally simply launched a digital pediatric dermatology service and a pharmacy supply on its platform.

MARKET OVERVIEW

In August, one other derma startup Diri Care of Indonesia additionally raised seed funding value $4.3 million which will likely be used for its enlargement actions.

One other AI-focused dermatology firm, CureSkin, tagged $5 million in a Collection A funding in March, which will likely be used to achieve extra customers in India.