KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
The Indian skincare industry has been witnessing a surge in popularity in recent years, driven by the growing demand for professional skincare treatments and products. Amidst this trend, KorinMi, India’s first Korean skin clinic, has made headlines by securing a pre-seed funding round of ₹3 crore from esteemed investors. This remarkable achievement has not only propelled the company’s growth but also marked a significant milestone in its journey to revolutionize the Indian skincare landscape.
Founded in 2024, KorinMi is a pioneering venture that combines Korean technology with Indian skin needs. The company’s mission is to provide Indian consumers with access to high-quality, professional skincare treatments and products that cater to their unique skin concerns. KorinMi’s founders have leveraged their expertise in the Korean skincare industry, known for its emphasis on scientific research and cutting-edge technology, to develop a range of innovative products and services tailored to the Indian market.
The recent pre-seed funding round, led by Vikas Agarwal, the former CEO of Kaya UAE, and Vivek Kumar of Venture Garage, among others, is a testament to KorinMi’s potential for growth and scalability. With this investment, the company plans to expand its operations, open new clinics, and strengthen its online presence.
A Profitable Venture
What’s impressive about KorinMi’s journey is its ability to turn profitable within just six months of its launch. This achievement is a testament to the company’s business acumen and its commitment to delivering high-quality services and products that resonate with Indian consumers. KorinMi’s profitable status has not only allowed the company to reinvest its earnings but also provided it with the financial flexibility to pursue its expansion plans.
Expansion Plans
KorinMi’s expansion plans are ambitious, with the company aiming to open 25 new clinics across India in the coming years. The company has already established a strong presence in two clinics, with plans to expand its footprint to major cities such as Mumbai, Delhi, and Bengaluru. KorinMi’s clinics offer a range of services, including advanced skincare treatments, facials, and consultations with expert dermatologists.
In addition to its clinic network, KorinMi is also entering the Direct-to-Consumer (D2C) space with a range of professional Korean skincare products. The company’s D2C platform will offer Indian consumers access to high-quality, Korean skincare products that are designed to address specific skin concerns such as acne, hyperpigmentation, and aging. KorinMi’s D2C platform will provide customers with a seamless online shopping experience, complete with personalized product recommendations and expert advice from dermatologists.
The Future of KorinMi
KorinMi’s success is a reflection of the growing demand for professional skincare services and products in India. The company’s unique blend of Korean technology and Indian skin needs has resonated with Indian consumers, who are increasingly seeking high-quality, effective skincare solutions. With its pre-seed funding round, KorinMi is well-positioned to continue its rapid growth and expansion.
As the company looks to the future, it is clear that KorinMi is poised to play a significant role in shaping the Indian skincare industry. With its commitment to innovation, quality, and customer satisfaction, KorinMi is likely to continue to drive growth and success in the years to come.
Conclusion
KorinMi’s ₹3 crore pre-seed funding round is a significant milestone in the company’s journey to revolutionize the Indian skincare industry. With its profitable status, expansion plans, and entry into the D2C space, KorinMi is well-positioned to continue its rapid growth and success. As the company looks to the future, it is clear that KorinMi is a force to be reckoned with in the Indian skincare industry.
News Source:
https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
