CureSkin, artificial intelligence-driven beauty, and personal care brand has raised $5 million in a funding round led by SW Ventures, the company said in a release.
The skincare startup will use the funds to grow its overall customer base, expand into adjacent categories and make further investments in technology, it said.
The round also saw participation from Sharp Ventures, SenseAl, and other existing investors.
Founded in 2017 by Guna Kakulapati, Ramakrishna Rajanna, and Dr Charu Sharma, CureSkin is an artificial intelligence-driven platform for the detection and care of skin conditions. The company uses its Al technology to analyze users' skin conditions with high accuracy and recommends a personalized treatment kit and care plan.
Guna Kakulapati, Co-Founder and CEO of CureSkin said, "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."
CureSkin is addressing these concerns by offering expert-designed personalized regimens through its technology platform. The CureSkin app enables users to take photos and instantly get Al analysis for acne, dark spots, pigmentation, wrinkles, and others for free. Its technology is built using a database of millions of images that detect skin conditions with a high level of accuracy across different skin types Once the analysis is complete, CureSkin prepares a personalized safe, and effective treatment that can be purchased through in-app transactions.
Sachin Tagra, Partner at JSW Ventures said, "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."
The beauty and personal care segment has been one of the bigger beneficiaries of the funding boom in the last few months Companies such as Sugar Cosmetics, Purple, Good Glamm Group among others have raised larger funding rounds to capitalize on the growing market opportunity in the country.
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