CureSkin, an Indian AI-enabled beauty app, secured $5 million in a Series A funding round led by JSW Ventures.
WHO: Founded in 2017 by Guna Kakulapati, Ramakrishna Rajanna, and Dr. Charu Sharma, CureSkin is a dermatology app that uses AI to provide expert and personalized treatment plans for skin, hair, body, and other personal care concerns. Users get their photos analyzed for conditions like acne, hyperpigmentation, and wrinkles. The technology was developed using a database of millions of images, and claims to be able to detect skin conditions across different skin types with high accuracy. CureSkin is staffed by over 10 dermatologists and around 25 skin advisors who have served about 200,000 users.
WHY: The business plans to increase its user base and further invest in technology.
IN THEIR OWN WORDS: In India, there is one registered dermatologist for every 100,000 people, according to the Indian Association of Dermatologists, Venereologists, and Leprologists. "There is a large market need for outcome-oriented, specialist care for skin and hair conditions. We believe that our data and technology-based approach to developing superior products and providing personalized advice will solve this problem and cater to every Indian's skin, hair and personal care needs," said Guna Kakulapati, co-founder and CEO of CureSkin.
"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.
DETAILS:
