[Funding alert] Personal healthcare startup CureSkin raises $5mn in funding

An Artificial intelligence-driven beauty and personal care brand CureSkin has raised $5 million in a Series A round from JSW Ventures with participation from Sharrp Ventures, SenseAI, and other existing investors.

AI-driven healthcare startup will use this funding to grow its overall customer base, expand into adjacent categories, and make further investments in technology.

Founded in 2017 by two ex-Google employees Guna Kakulapati, Rama Rajanna & dermatologist Charu Sharma, CureSkin is a AI healthcare company which provide solutions ff dermatological issues. Its technology is created using a database of millions of images that diagnose skin conditions with a high degree of accuracy across different skin types and treat a range of skin diseases.

“There is a huge market need for specialist care for good condition of skin and hair. We believe that our data and technology-led approach to developing superior products and offering personalized advice will solve this problem and meet the skin, hair and personal care needs of every Indian.”said,Guna Kakulapati, Co-founder and CEO of CureSkin.

After the analysis is complete, it creates a personalized treatment which will be purchased via in-app transactions. For users, the app suggests a dermatologist-designed plan to maintain healthy skin and hair.

“CureSkin is a category creator in the technology led beauty and personal care industry. The capital will help the company to continue scaling its operations, innovate on new products and build a stronger technology solution that will allow the brand to become a category leader.” said Sachin Tagra, Partner at JSW Ventures.

According to the Indian Association of Dermatologists, Venereologists and Leprologists (IADVL) report, the largest representative society of Indian dermatologists, India has a registered dermatologist for over 1,00,000 people. An absence qualified of opinions and prescription-based medicine, chemists act as a proxy resulting in greater challenges related to damaged skin while creating an environment of mistrust.