KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant development in the Indian beauty and wellness space, KorinMi, India’s first Korean skin clinic, has raised ₹3 crore in pre-seed funding from a group of investors led by Vikas Agarwal, former CEO of Kaya UAE, and Vivek Kumar, Venture Garage. This milestone marks a crucial step forward for the company, which has been making waves with its innovative approach to skincare by blending Korean technology with Indian skin needs.
Founded in 2024, KorinMi has been on a rapid growth trajectory, achieving profitability within just six months of its launch. The company currently operates two clinics in Delhi-NCR and is planning to expand its footprint to 25 more clinics across India in the near future. This ambitious expansion plan is a testament to the growing demand for high-quality skincare services in the country.
But KorinMi’s growth strategy doesn’t stop at expanding its clinic network. The company is also entering the Direct-to-Consumer (D2C) space, offering professional Korean skincare products to Indian consumers. This move is designed to provide customers with access to high-quality skincare products that cater to their unique skin needs, while also providing KorinMi with a new revenue stream.
The funding round, which is a significant achievement for a startup, will be used to scale up KorinMi’s operations, expand its product offerings, and build a strong marketing and sales strategy. The investors, who bring a wealth of experience in the beauty and wellness space, will also provide strategic guidance to help KorinMi achieve its growth objectives.
So, what sets KorinMi apart from other skincare clinics and brands in India? The company’s founders, who are passionate about skincare and beauty, have a deep understanding of the Indian skin landscape. They have identified gaps in the market and developed a unique approach to skincare that combines the best of Korean technology with Indian skin needs.
Korean skincare has gained popularity worldwide in recent years, thanks to its focus on prevention, customization, and results-driven products. However, many Korean skincare products are designed for specific skin types and concerns, which may not be relevant to Indian skin. KorinMi’s founders have addressed this issue by developing products and services that are tailored to Indian skin types and concerns.
KorinMi’s treatment approach is centered around a personalized consultation, where customers are assessed and recommended a customized treatment plan that addresses their specific skin concerns. The company uses a range of non-invasive, pain-free treatments, including microneedling, laser therapy, and chemical peels, to address a range of skin concerns, including acne, hyperpigmentation, and fine lines and wrinkles.
The company’s product range includes a variety of Korean skincare products, including cleansers, serums, moisturizers, and sunscreens. These products are designed to work together to provide a comprehensive skincare routine that addresses specific skin concerns.
KorinMi’s entry into the D2C space is a strategic move to provide customers with access to high-quality skincare products that they can use at home. The company’s D2C platform will offer a range of Korean skincare products that are designed to work together to provide a comprehensive skincare routine.
The company’s founders are excited about the potential of the D2C space and believe that it will provide customers with a convenient and cost-effective way to access high-quality skincare products. “We believe that the D2C space has huge potential in India, and we are excited to be one of the first players in this space,” said a spokesperson for KorinMi.
In conclusion, KorinMi’s ₹3 crore funding round is a significant milestone in the company’s journey to become a leading player in the Indian beauty and wellness space. With its unique blend of Korean technology and Indian skin needs, KorinMi is well-positioned to capitalize on the growing demand for high-quality skincare services and products in India.
As the company expands its clinic network and enters the D2C space, it will be interesting to see how KorinMi continues to innovate and disrupt the beauty and wellness space. One thing is certain, however – KorinMi’s commitment to providing high-quality skincare services and products that cater to Indian skin needs will continue to make it a popular choice among beauty-conscious consumers in India.
Source: https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
