[Funding alert] Clinikally raises $500K in funding from Y Combinator

Clinikally, an e-commerce and digital health care startup has raised $500K in funding round from tech startup accelerator Y Combinator, and will participate in its summer 2022 batch.

Clinikally was founded in 2021 by Arjun Soin, It runs an online pharmacy and gives consumers access to teledermatology service.

The company is backed by Shutterstock founder Jon Oringer’s Pareto Holdings as an early investor, along with SumantSinha (founder of ReNew Power) ;AnuAcharya (founder of MapMyGenome) ;Gautam Trivedi (founder of Nepean Capital)and Sandeep Samant (Northwestern Medicine chief of head and neck surgery).

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The company said it is serving treatment plans and products in more than 700 cities.

According to public policy think tank NITI Aayog, healthcare is the fastest growing industry in the Indian economy, driven by rising wages, easy access to insurance and reasonably priced services. The Indian healthcare market is estimated to reach US$ 372 billion by the end of 2022.

In this year’s budget, the Ministry of Health and Family Welfare (MoHFW) received US$11.28 billion to help the industry grow and develop more quickly.

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About Clinikally

India’s first digital health platform for skin & hair care. Connect with an expert doctor in under 30 minutes, and receive personalized treatment plans with cosmeceuticals & RX-grade products at doorstep.