KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant development for the Indian beauty and wellness sector, KorinMi, India’s first Korean skin clinic, has raised ₹3 crore in pre-seed funding from a group of investors led by Vikas Agarwal, the former CEO of Kaya UAE, and Vivek Kumar of Venture Garage. This milestone marks a significant achievement for the startup, which has already turned profitable within six months of its inception.
Founded in 2024, KorinMi is a unique blend of Korean technology and Indian skin needs. The clinic offers a range of treatments and products that cater to the specific skin concerns of Indian consumers. With this funding, KorinMi plans to expand its operations by opening 25 more clinics across the country, in addition to its existing two clinics in Mumbai and Bengaluru.
The funding round also marks KorinMi’s entry into the Direct-to-Consumer (D2C) space, where the startup will offer professional Korean skincare products to Indian consumers. This move is aimed at providing Indian consumers with access to high-quality, Korean skincare products that are tailored to their specific skin needs.
KorinMi’s unique approach to skincare has resonated with Indian consumers, who are increasingly looking for effective and affordable solutions to tackle skin concerns such as acne, hyperpigmentation, and aging. The startup’s founders, who have extensive experience in the beauty and wellness industry, have developed a range of treatments and products that are designed to address these specific concerns.
The funding round was led by Vikas Agarwal, who has a wealth of experience in the beauty and wellness industry. As the former CEO of Kaya UAE, Agarwal has a deep understanding of the Indian beauty market and its potential for growth. He has invested in several startups in the beauty and wellness space and has a strong track record of identifying and supporting innovative businesses.
“KorinMi is a unique and innovative business that has the potential to disrupt the Indian beauty and wellness market,” said Agarwal. “Their focus on Korean technology and Indian skin needs is a winning formula, and I am excited to be a part of their journey.”
Vivek Kumar, a seasoned investor and entrepreneur, also participated in the funding round. Kumar has a strong background in the beauty and wellness industry and has invested in several startups in the space. He has a keen eye for identifying innovative businesses with high growth potential and has a track record of supporting entrepreneurs who are passionate about building successful companies.
“KorinMi has a unique value proposition that sets it apart from other players in the market,” said Kumar. “Their focus on Korean technology and Indian skin needs is a game-changer, and I am excited to be a part of their journey.”
KorinMi’s founders are thrilled with the funding round and the support they have received from their investors. “We are grateful for the support we have received from our investors, who believe in our vision and our mission to provide Indian consumers with access to high-quality, professional skincare products and treatments,” said the founders.
With this funding, KorinMi plans to expand its operations and reach more consumers across the country. The startup is committed to providing Indian consumers with access to the best-in-class skincare products and treatments, and this funding will enable them to achieve their goals.
In conclusion, KorinMi’s pre-seed funding round is a significant milestone for the startup, which has already turned profitable within six months of its inception. The funding will enable KorinMi to expand its operations, enter the D2C space, and provide Indian consumers with access to high-quality, professional skincare products and treatments.
News Source: https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
