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Clinikally amasses 1.5 Mn customers within three year of launch

EntrackrEntrackr · 7m ago
Clinikally amasses 1.5 Mn customers within three year of launch
Medial

The dermatology and wellness industry in India is experiencing rapid growth, driven by increasing awareness of skincare, modern lifestyles and the influence of social media. With the vast array of products available in the market, professional guidance and personalized consultations are becoming essential to determine what works best for individual skin and hair needs. To address this problem, Clinikally, a digital healthcare platform, is transforming dermatology in India with its innovative telehealth solution that connects patients with leading dermatologists. Founded in 2022 by Arjun Soin, Clinikally provides skin, hair, and health supplement products, featuring verticalized online pharmacy with over 5,000 SKUs across 250 brands. The company leverages advanced AI systems to deliver personalized product recommendations by analysing user purchases, prescription histories, and demographic details. The company is backed by the likes of Y-Combinator, TribeCapital, Arash Ferdowsi (Dropbox founder), and Kunal Shah. Clinikally claims to have served over 1.5 million customers, reaching more than 500 cities and 18,000+ pin codes pan India. Notably, the split between skin and hair is 60% and 40% respectively. For the growth prospects, Clinially plans to launch its Android and iPhone apps and expand into the nutrition and weight-loss markets, and establish warehouses in major urban hubs across Tier-1 cities. Clinikally is also preparing to pilot omnichannel-user engagement models in select cities to redefine how Indians approach skin and hair care, offering expert dermatological solutions.

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Purplle raises $120 Mn led by ADIA; to buyback ESOPs worth $6 Mn

EntrackrEntrackr · 1y ago
Purplle raises $120 Mn led by ADIA; to buyback ESOPs worth $6 Mn
Medial

Online beauty and grooming products marketplace Purplle has raised Rs 1,000 crore (approximately $120 million) in a round led by a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) with participation from other investors. The latest round includes a combination of primary and secondary shares. While the company did not disclose its current valuation, media reports estimate it at around $1.2-$1.3 billion. In addition to the funding round, Purplle has announced its largest-ever employee stock ownership plan (ESOP) liquidity program worth Rs 50 crore ($6 million). As per the company, it has granted ESOPs to 320 employees to date, and 85 of them have liquidated ESOPs worth Rs 75 crore ($9 million) over three buyback programs. In June 2022, Purplle raised $33 million in its Series E round from South Korea’s Paramark Ventures and turned unicorn with a valuation of $1.1 billion. The Manish Taneja-led company is primarily a marketplace but also sells its own labels such as Good Vibes. The company serves the beauty needs of customers in tier II, III and micro-markets, expanding beyond metro cities. Purplle claims that it is operationally profitable and has grown its GMV by around 4x over the last three years. It expects to grow its online platform faster than the industry while scaling offline stores and improving profitability. For the fiscal year ending March 2023, Purplle reported Rs 475 crore in operating revenue along with a loss of Rs 230 crore, according to startup data intelligence platform TheKredible. In the previous fiscal year (FY22), its revenue and losses stood at Rs 219 crore and Rs 203 crore, respectively. This will be the second secondary transaction for Purplle within a year. In October 2023, JSW Ventures exited the Gurugram-based company through a sale to Manipal Education & Medical Group Family Office (MEMG).

KSKT raises $1.3 Mn in equity and debt round

EntrackrEntrackr · 1m ago
KSKT raises $1.3 Mn in equity and debt round
Medial

Kisaan Se Kitchen Tak (KSKT), an agri-commerce startup, has raised $1.3 million in a funding round led by Keiretsu Forum and Favcy’s 1stCheque Angel Network. The round includes a mix of equity and debt. The new capital will support expansion into over 20 cities, increase farmer onboarding to more than 50,000, and implement AI-based demand forecasting tools. Founded by Santosh Srivastava and Ishaan Hukku, KSKT runs a supply chain platform that connects over 5,000 farmers with over 32,000 customers, offering farm-fresh produce and essentials through B2B and B2C channels. The firm claims to have reported Rs 14.5 crore in revenue for FY25 and a 4X year-on-year growth. KSKT is aiming for Rs 100 crore in annual recurring revenue within three years. The startup is part of Favcy’s 1to10 Accelerator, a program focused on supporting revenue-generating startups from tier II and tier III cities. KSKT was selected for its early revenue and operational performance. KSKT reports a 68% repeat usage rate and 3% wastage, and plans to use the funding to strengthen its tech stack and expand reach.

Hero MotoCorp invests over $60 Mn in EV startup Euler Motors

EntrackrEntrackr · 3m ago
Hero MotoCorp invests over $60 Mn in EV startup Euler Motors
Medial

Hero MotoCorp, a leading motorcycle and scooter manufacturer, has announced a strategic investment of up to Rs 525 crore (approximately $60 million) in Euler Motors, a company focused on electric three wheelers. The move marks Hero MotoCorp’s entry into the electric three-wheeler market. This is its second major EV investment, following a 40% stake in Ather Energy. Entrackr was first to report about the deal last month. The Board of Directors of Hero MotoCorp approved the investment in its meeting held on March 20, 2025. The investment, which will be made in one or more tranches, will provide the company with a 32.5% stake in Euler Motors on a fully diluted basis. The new round has come within a year of $24 million extended Series C round. Hero MotoCorp’s Executive Chairman, Pawan Munjal, described the investment as a bold step toward achieving the company’s vision to "Be the Future of Mobility." He emphasized that the investment highlights the power of collaboration and adaptability in an evolving market while reinforcing Hero MotoCorp’s commitment to accelerated growth through both organic and inorganic expansion. Launched in 2018 by Saurav Kumar, Euler Motors’ flagship model, the HiLoad EV, is claimed to be the most powerful electric cargo three-wheeler, offering a range of 170 kilometers. The Delhi-based firm recently expanded its product lineup with the launch of its first electric commercial four-wheeler. Currently operating in over 30 cities in India, Euler Motors has shown significant growth, reporting a turnover of Rs 172 crore in the financial year 2023-24, a sharp increase from Rs 49 crore in the previous year. Hero MotoCorp’s investment in Euler Motors is expected to provide the company with a strong foothold in the electric three-wheeler market, where EVs are projected to account for a significant portion of total sales in the coming years. In the electric three-wheeler segment, Euler Motors competes with Altigreen, as well as established players like Mahindra Electric, Piaggio, Kinetic Green, Tata, and others.

Google Gemini 1.5 Pro shows that the company has even bigger plans for the future of AI — but you won't be able to enjoy it just yet

TechradarTechradar · 1y ago
Google Gemini 1.5 Pro shows that the company has even bigger plans for the future of AI — but you won't be able to enjoy it just yet
Medial

Google has announced upgrades for its Gemini AI models, revealing its plans for the future of AI in enterprises. The new Gemini 1.5 Pro offers improved performance and "a breakthrough in long-context understanding," allowing for longer prompts. Additionally, Google Cloud has expanded access to Gemini models for Vertex AI customers, enabling more businesses to leverage the platform for increased productivity and efficiency. The upgrade is currently available as a preview for developers and enterprise customers. Gemini 1.0 Pro and Gemini 1.0 Ultra are also being offered to customers within Google Cloud's Vertex AI offering.

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