Clinikally Raises $2.6 Mn From Y Combinator, Tribe Capital For Its Dermatology Platform

Healthtech startup Clinikally has secured $2.6 Mn in a funding round from Y Combinator, Tribe Capital, Goodwater Capital, Sequoia Scout Fund and Rebel Fund.

The round saw the participation of Dropbox cofounder Arash Ferdowsi, CRED founder Kunal Shah, BloomTech founder Austen Allred, former Y Combinator COO & Applied Intuition cofounder Qasar Younis, Bluejeans Network cofounder Alagu Periyannan, Athelas founders Tanay Tandon & Deepika Bodapati and Tilt founder James Beshara.

Launched in 2021 by Arjun Soin, Clinikally is a derma tech startup that facilitates connections between individuals and dermatologists, providing personalised treatments for various issues such as acne, hair loss, Androgenetic Alopecia, hyperpigmentation, eczema, rosacea, melasma, and more. 

The startup partners with pharmacies and consumer brands to offer prescription-grade skincare, haircare, and wellness products, including those related to immunity and nutrition. Clinikally’s epharmacy also features AI-powered recommendations for select over-the-counter (OTC) products, enabling the creation of automated treatment plans based on condition-specific diagnoses.

Commenting on the startup’s objectives, Soin said, “By giving a direct channel to qualified physicians and online pharmacies offering established rigorously-tested products, Clinikally’s telehealth platform democratises access to expert dermatological and wellness care like never before.”

The Gurugram-based startup claims to have served more than 450K users spanning 500 cities.

Earlier, Clinikally raised $500K in funding from investors, including Parento Holdings, ReNew Power founder Sumant Sinha, MapMyGenome founder Anu Acharya and Neapean Capital founder Gautam Trivedi, among others.

According to a Statista study, revenue in the Indian healthtech market is expected to reach $31 Bn by 2028, with the average revenue per user being $32.65 Bn. Recently, mental health-focused healthtech startup LISSUN secured $1.3 Mn to accelerate its journey toward fulfilling its vision of large-scale mental health solutions, ensuring accessibility for all in need. 

Further, healthcare professional-focused SaaS startup Doceree secured $35 Mn to accelerate product development, augment technologies, scale global expansion and increase employee headcount.