BeYouPlus, a health and wellness platform, has achieved an investment of $3.2 million (approx INR 22 crore) from IvyCap Ventures, Madison Capital, Angel Network and a slew of investors, reported Inc42.
The Delhi-based startup BeYouPlus, will utilise the freshly-pumped capital to expand its presence in more than 15-20 cities in next 18 months. It also looks to expand its product portfolio to other medical areas like gastroenterology or gynaecology in the coming years.
Vikram Gupta, founder and managing director at IvyCap Ventures, said that now dermatology clinics are comfortable with giving their premises on rent to someone else for managing their treatments.
“Rather than having to incur high cost for devices, this becomes a revenue stream for them,” he added.
BeYouPlus, previously was MyDermacy, was founded in 2013 by Ankit Khurana. The startup BeYouPlus offers dermatological solutions, by working closely with nearby dermatology clinics. It also provides various skin treatments at a fixed price which can be availed by customers by visiting the partnered skin clinic.
Gupta further said that to some extent, standardisation has to take place at the hospital level, where players like Narayana Hrudayalaya and HCG have teamed up with other hospitals to run their heart care and cancer care wards.
Besides, BeYouPlus, other healthcare-based startups in the run include CureSkin, Remedico, Practo, 1MG, and many more.