KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
The Indian beauty and skincare market has witnessed significant growth in recent years, driven by increasing awareness about skincare and the desire for effective, affordable, and easily accessible treatments. Amidst this growth, KorinMi, India’s first Korean skin clinic, has made a remarkable entry into the market, raising ₹3 crore in pre-seed funding from a group of esteemed investors. Founded in 2024, KorinMi has successfully blended Korean technology with Indian skin needs, achieving profitability within six months of its operations.
Raising ₹3 Crore in Pre-Seed Funding
KorinMi’s pre-seed funding round was led by Vikas Agarwal, ex-CEO of Kaya UAE, and Vivek Kumar, Venture Garage, along with other investors. This significant investment will enable the company to further expand its operations, scale its business, and enter new markets. With this funding, KorinMi plans to open 25 new clinics across India, in addition to its existing two locations, and strengthen its online presence through a direct-to-consumer (D2C) e-commerce platform.
Profitable Operations within Six Months
KorinMi’s remarkable growth and profitability within six months of its operations are a testament to the company’s effective business model and strong market demand. The clinic’s focus on providing high-quality, affordable, and personalized skincare treatments has resonated well with Indian consumers, who are increasingly seeking innovative and evidence-based solutions for their skin concerns.
Blending Korean Technology with Indian Skin Needs
KorinMi’s unique selling proposition lies in its ability to combine Korean technology with Indian skin needs. The clinic’s treatment protocols are designed to address specific skin concerns prevalent in India, such as hyper-pigmentation, acne, and premature aging. KorinMi’s team of expert dermatologists and skincare professionals work closely with clients to develop customized treatment plans that combine traditional Korean skincare techniques with cutting-edge technology.
D2C Expansion
In addition to its clinic-based operations, KorinMi is now entering the D2C space with a range of professional Korean skincare products. The company has launched a comprehensive online platform that allows customers to purchase high-quality, clinically-tested skincare products and enjoy personalized consultations with KorinMi’s expert skincare professionals. This expansion will enable KorinMi to reach a wider audience, provide greater convenience to customers, and increase its revenue streams.
Future Plans
With its pre-seed funding and profitable operations, KorinMi is poised for significant growth and expansion in the coming years. The company plans to open 25 new clinics across India, strengthening its presence in key markets such as Mumbai, Delhi, and Bangalore. KorinMi will also focus on building its D2C e-commerce platform, offering a range of Korean skincare products and treatments to customers across India.
Conclusion
KorinMi’s remarkable growth and profitability within six months of its operations are a testament to the company’s innovative business model and strong market demand. With its pre-seed funding, KorinMi is well-positioned to expand its operations, enter new markets, and strengthen its online presence. As the Indian beauty and skincare market continues to grow, KorinMi is poised to emerge as a leading player, offering high-quality, affordable, and personalized skincare solutions to Indian consumers.
Source: https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
