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Y Combinator-backed CureSkin raises $20 Mn led by Healthquad

EntrackrEntrackr · 1y ago
Y Combinator-backed CureSkin raises $20 Mn led by Healthquad
Medial

CureSkin, a beauty and personal care brand, has raised $20 million in a Series B funding round led by Healthquad. The round also saw participation from JSW Ventures, Khosla Ventures, and Sharrp Ventures. The company has raised $26 million to date including a $5 million Series A in March 2022. It was a part of Y Combinator Summer Batch in 2017. The new funds will be utilised to enhance AI capabilities further and broaden its range of solution offerings, CureSkin said in a press release. Founded in 2017 by Guna Kakulapati, Ramakrishna Rajanna and Dr Charu Sharma, CureSkin uses tech to analyze users’ skin conditions such as acne, hyperpigmentation, and hair loss with high accuracy and recommends a personalized treatment kit and care plan. The Bengaluru-based company has helped over 1.5 million users and uses more than 10 million skin pixels to determine up to 2,000 facial attributes to understand the concerns of users. Cureskin also said that about 80% of the company’s existing users are in tier II and III cities. Cureskin registered Rs 35.46 crore in revenue from operations in FY23 against Rs 2.57 crore in total revenue in FY22, according to startup data intelligence platform TheKredible. During the period, its losses also jumped to Rs 28 crore from Rs 2.57 crore. As of Series A round, the company’s chief executive Kakulapati had 28% stake in the firm followed by Rajanna who held 12% of the company. Among the investors, JSW Ventures had 10.4% stake whereas Khosla Ventures acquired 8% in the firm during the last round. Check TheKredible for more details. Cureskin competes with a clutch of companies including Clinikally, which was also a part of Y Combinator’s accelerator program and raised $2.6 million in September last year.

Generative AI startup Ayna secures $1.5 Mn in seed round

EntrackrEntrackr · 1y ago
Generative AI startup Ayna secures $1.5 Mn in seed round
Medial

Bengauru-based generative AI startup Ayna has raised $1.5 million in seed funding led by early stage investment platform Inflexor Ventures. The funding will be used to expand Ayna’s AI capabilities, scale its team, and accelerate its mission to make high-quality product photography accessible to businesses of all sizes, the company said in a press release. Co-founded by Aastha Rajpal and Yash Bansal, Ayna empowers brands like Reliance Retail’s Clovia, Wakefit, WomanLikeU, and others to create studio-quality product photoshoots at scale, without the need for physical photoshoots. Unlike traditional methods or basic AI solutions, Ayna’s proprietary compound foundational models (CFMs) give brands granular control over every detail of their product image. According to Ayna, its generative AI eliminates costly overhead, lengthy turnaround times, and creative limitations, allowing brands to optimize product visuals for maximum conversion. In the past six months, Generative AI startups have managed to mope up nearly $100 million. The list includes Sarvam AI, Ema, Neysa, Vodex, and KonProz, among others.

Gushwork secures $9 Mn led by Susquehanna Asia VC

EntrackrEntrackr · 12d ago
Gushwork secures $9 Mn led by Susquehanna Asia VC
Medial

Gushwork secures $9 Mn led by Susquehanna Asia VC AI-driven B2B marketing platform Gushwork has raised $9 million in a funding round led by Susquehanna Asia VC along with participation from Lightspeed, B Capital, Seaborne Capital, Beenext, Sparrow Capital, and 2.2 Capital. The Bengaluru-based startup had previously secured $2.1 million in a pre-seed funding round back in July 2023 led by Lightspeed with participation from B Capital, Sparrow Capital, Seaborne Capital, and Beenext. The proceeds will be used to accelerate product development, improve the accuracy of its AI agents, expand engineering teams, and scale go-to-market operations, Gushwork said in a press release. Co-founded in 2023 by Nayrhit Bhattacharya and Adithya Venkatesh, Gushwork is an AI-driven startup that provides a platform for B2B marketing. It helps small and medium businesses (SMBs) and manufacturers gain customers through AI-assisted SEO. The platform combines Generative AI with human expertise to generate leads from search engines like ChatGPT, Gemini, and Google. The company asserts that over 300 businesses globally use its platform, with another 800 on its waitlist. The startup’s agents ensure business websites get recommended when buyers ask questions on these platforms. On average, by month three or four, a customer starts seeing about 10-15 qualified sales inquiries per month. That usually comes from roughly 100,000-200,000 impressions across the content it creates. Out of those inquiries, typically three to four convert, which translates to approximately $30K–$50K in return on investment (RoI) of $1,500-$2,000 per month. The startup said that 80% of its customers see up to a 500% spike in website impressions and a 50% increase in inbound leads within 60 days of deployment. Currently, Gushwork operates on a subscription model. Pricing ranges from $800 to $2,500 per month, depending on the number of pages created and managed. In the future, it will add a performance-linked variable pricing component alongside subscriptions.

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