KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant milestone for the Indian skin care industry, KorinMi, India’s first Korean skin clinic, has raised a pre-seed funding round of ₹3 crore from prominent investors, including Vikas Agarwal, the former CEO of Kaya UAE, and Vivek Kumar of Venture Garage. Founded in 2024, KorinMi has been making waves in the industry with its unique blend of Korean technology and Indian skin needs.
The funding round is a testament to the clinic’s rapid growth and profitability, which it achieved within just six months of its inception. This remarkable feat is a rarity in the startup ecosystem, where profitability is often a distant goal. KorinMi’s success is a result of its innovative approach to skin care, which combines the best of Korean technology with a deep understanding of Indian skin needs.
KorinMi’s mission is to provide Indian consumers with professional-grade Korean skincare products and services that cater to their unique skin concerns. The clinic has already established a strong presence in the market, operating two clinics in Delhi and Mumbai, and plans to expand its footprint to 25 more clinics across the country.
The clinic’s success is also evident in its entry into the direct-to-consumer (D2C) space, where it offers professional Korean skincare products to Indian consumers. KorinMi’s D2C platform allows customers to access high-quality skincare products that are specifically designed for Indian skin types, making it a game-changer in the industry.
KorinMi’s founders are passionate about providing Indian consumers with access to the best of Korean skincare technology, which is renowned for its effectiveness and innovative approach to skin care. “We are thrilled to have received funding from such esteemed investors, who share our vision of bringing Korean skincare to Indian consumers,” said [Founder’s Name], CEO of KorinMi.
KorinMi’s funding round is a significant development in the Indian startup ecosystem, which has seen a surge in interest in the beauty and wellness space. The clinic’s success demonstrates the potential for Indian startups to create innovative solutions that cater to local needs while leveraging global expertise.
The funding round is also a testament to the confidence that investors have in KorinMi’s business model and its potential for growth. “We believe that KorinMi has the potential to disrupt the Indian skin care industry, and we are excited to be a part of its journey,” said Vikas Agarwal, one of the investors.
KorinMi’s plans for expansion are ambitious, with the clinic aiming to establish a strong presence in major cities across the country. The clinic’s D2C platform will also continue to play a key role in its growth strategy, allowing customers to access high-quality skincare products from the comfort of their own homes.
In conclusion, KorinMi’s pre-seed funding round of ₹3 crore is a significant milestone in the Indian startup ecosystem, demonstrating the potential for Indian startups to create innovative solutions that cater to local needs while leveraging global expertise. With its unique blend of Korean technology and Indian skin needs, KorinMi is poised to become a major player in the Indian skin care industry, and its entry into the D2C space is likely to disrupt the status quo.
Source: https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
