Formulo
Skincare is often seen as a luxury or a women's affair. Myths abounded, and men rarely ventured into the world of dermatology. But all of that was about to change, thanks to a revolutionary new brand called Formulo
Through personalized care and local connections, Formulo shattered the myths surrounding men's skincare in Dermaville, proving that healthy skin knows no gender.
Website : https://www.formulo.in/
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Problem Statement
Cultural stereotypes discourage men from engaging in self-care, and the skincare industry largely overlooks male-specific needs. Moreover, the lack of accessible, personalized skincare solutions makes it challenging for men to effectively address their skin concerns.
Formulo aims to change this by connecting individuals with local dermatologists and providing customized skincare plans for everyone, regardless of gender. By debunking the myth that skincare is only for women, Formulo promotes inclusive self-care and empowers men to take control of their skin health through professional guidance and tailored solutions.
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Solution
Formulo connects individuals with local dermatologists to provide personalized skincare plans and custom skincare products for everyone, debunking the myth that skincare is only for women. By promoting inclusive self-care and offering tailored solutions, Formulo empowers men to confidently address their skin health.
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Competitive Analysis
Here are some of the key competitors in India offering dermatology services, particularly in the telemedicine and skincare space:
1.1. SkinKraft
• Website: https://www.skinkraft.com
• Annual Revenue: Estimated $20 million (2023)
• Key Features:
Personalized skincare solutions based on skin type analysis.
AI-powered skin diagnostics tool.
Subscription-based skincare products (customized).
Dermatologist consultation available.
Skincare routine tracking.
• Key Differentiators:
Focus on personalized skincare using AI.
Strong recommendation engine for skincare products.
Focused entirely on skincare, offering a highly personalized experience
1.2. DermaCo
• Website: https://www.thedermaco.com
• Annual Revenue: Estimated $15 million (2023)
• Key Features:
Online skincare consultations with dermatologists.
Skincare product subscription service (customized).
Skin analysis tool.
Offers a wide range of dermatologist-approved skincare products and educational resources on skin care.
• Key Differentiators:
Dermatologist-driven content and product recommendations.
Focus on providing integrated platform for skincare, from consultation to products.
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