Clinikally raises $2.6 Mn from Y Combinator, Tribe Capital and others

Digital healthcare platform Clinikally has raised $2.6 million in a new round from Y Combinator, Tribe Capital, Goodwater Capital, Sequoia Scout Fund, and Rebel Fund.

A slew of notable angel investors also participated in the financing, including Arash Ferdowsi, Kunal Shah, Austen Allred, Qasar Younis, Alagu Periyannan, Tanay Tandon, Deepika Bodapati and James Beshara.

It was a part of Y Combinator’s summer 2022 batch.

Founded in late 2021 by Arjun Soin, Clinikally connects consumers with licensed dermatology practitioners and caters to individual clinical needs across a range of conditions such as acne, hair loss, hyperpigmentation, eczema, rosacea, and melasma, among others. The company has also launched a feature to generate automated treatment plans from condition-specific diagnostics and questionnaires.

The Gurugram-based company claims to have served more than 450,000 users spanning 500 cities.

Clinikally products suit competes or overlaps with 1mg, Netmeds & Pharmeasy in terms of products, Practo & MediBuddy in tele consults, and Apollo Online in products as well as tele consults.

Its revenue streams comprise B2C i.e. multi-brand online pharmacy & telehealth and B2B2C which is a private label only available at offline clinics.

Prior to this, Clinikally had raised $500,000 in July 2022 and was backed by the likes of Shutterstock CEO and founder Jon Oringer’s Parento Holdings, ReNew Power founder Sumant Sinha, among others.  As of the last funding round, founder and CEO Soin had more than 90% stake in the company. Check TheKredible for more details.