Predict your next investment

Venture Capital

See what CB Insights has to offer

Investments

3

Funds

1

About Cyber Carrier

Cyber Carrier is a fund with an initial target corpus of $45 million (about Rs 300 crore). It focuses on fintech, B2B and e-commerce startups.

Cyber Carrier Headquarter Location

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Cyber Carrier News

Online Health and Wellness Venture, MyDermacy Raises Funding from Chinese VC Cyber Carrier, Others

Mar 15, 2017

Google Pinterest Stumbleupon Buffer Reddit Mail Print Delicious A market leader and rapidly-growing platform for skin, hair and aesthetic wellness, MyDermacy , has raised a fresh round of undisclosed funding from Cyber Carrier, an India-focused Chinese venture capital fund as well as existing investors. The current round has been reportedly raised against fresh equity amounting to 15%-18%. This is a second round of funding having previously raised $150,000 from prominent angels including Promoters of Spectranet and Mr. Daljit Singh (President – Fortis Healthcare), besides others. The 2-year-old health and wellness startup, MyDermacy commenced its journey as an online Q&A platform allowing people to consult online with qualified dermatologists for skin, hair and other wellness-centric concerns. The venture has expanded it’s scope from valuable online consultations to adding personalized aesthetic packages such as Laser Hair Reduction, Tattoo Removal, Hair Transplants, etc. with dermatologists and plastic surgeons, along with providing informative content to educate and spread awareness amongst rapidly growing, aesthetically conscious population. MyDermacy performs quality assessment of clinics through its “trusted clinics” certification that ensures the highest quality care for its customers, and global best practices for aesthetic clinics. Advertisement The business has been growing consistently since inception with a healthy 70%-100% growth Q-o-Q, with positive unit metrics. MyDermacy has a unique business model with a host of value added services on the B2B side contributing further to the profitability, whilst bringing more doctors into main stream aesthetic medicine. Founder & Chief Executive Officer at MyDermacy, Ankit Khurana said, “This funding will primarily be utilized towards the expansion of the product offering and leadership hiring. The health and wellness industry is undergoing a revolution in terms of technology and services. MyDermacy is focused on being at the forefront of this change in the digital world. While many consumers endure various problems in discovering and buying the ideal solutions for their skin and hair, through MyDermacy, we strive to bring transparency and credibility to people searching for aesthetic results. We are also working on our next level of a diversified product offering on both consumer and B2B side. The investment from Cyber Carrier for our venture has allowed us to aggressively execute our strategically-planned expansion in the tremendous and competitive wellness market in the country.” India currently ranks number 4 globally in the number of aesthetic procedures done including surgical and non-surgical. The beauty and wellness industry in India has a huge market and currently stands at around INR 615 billion with CAGR of 14% as per Technopak. According to Jessica Wong, Founder and Managing Partner at Cyber Carrier: “MyDermacy is targeting a large market, with immense understanding of both the consumer and the business. The team has been deeply immersed in the industry for many decades now, and has demonstrated strong strategic and execution capabilities. We look forward to supporting the team in realizing their vision to be the largest aesthetic brand in the country.” 42

Cyber Carrier Investments

3 Investments

Cyber Carrier has made 3 investments. Their latest investment was in BeYouPlus as part of their Seed VC on March 3, 2017.

CBI Logo

Cyber Carrier Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/13/2017

Seed VC

BeYouPlus

Yes

2

12/20/2016

Series B - III

Subscribe to see more

$99M

Subscribe to see more

10

11/30/2016

Series A

Subscribe to see more

$99M

Subscribe to see more

10

Date

3/13/2017

12/20/2016

11/30/2016

Round

Seed VC

Series B - III

Series A

Company

BeYouPlus

Subscribe to see more

Subscribe to see more

Amount

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

10

10

Cyber Carrier Fund History

1 Fund History

Cyber Carrier has 1 fund, including Cyber Carrier VC Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Cyber Carrier VC Fund

Early-Stage Venture Capital

1

Closing Date

Fund

Cyber Carrier VC Fund

Fund Type

Early-Stage Venture Capital

Status

Amount

Sources

1

Cyber Carrier Team

1 Team Member

Cyber Carrier has 1 team member, including current Founder, Peter Zou.

Name

Work History

Title

Status

Peter Zou

Founder

Current

Name

Peter Zou

Work History

Title

Founder

Status

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.