KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant development in the Indian skincare industry, KorinMi, the country’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, a seasoned entrepreneur and investor. Founded in 2024, KorinMi has made a remarkable journey, blending Korean technology with Indian skincare needs to deliver unparalleled results to its customers.
The funding round, which comes just six months after the clinic’s inception, is a testament to KorinMi’s impressive growth and profitability. The company’s success can be attributed to its unique approach, which combines the best of Korean skincare technology with the nuances of Indian skin types and concerns. KorinMi’s team of expert dermatologists and skincare professionals work together to deliver personalized treatments and products that cater to the specific needs of Indian customers.
The funding will be used to expand KorinMi’s footprint in the Indian market, with plans to open 25 more clinics across the country. The company is also entering the direct-to-consumer (D2C) space, offering professional Korean skincare products to Indian consumers through its online platform. This move is expected to further accelerate KorinMi’s growth, as it leverages the increasing popularity of Korean skincare products in India.
Founded by a team of passionate entrepreneurs who are committed to revolutionizing the Indian skincare industry, KorinMi has already made a significant impact in a short span of time. The company’s clinics in Delhi and Mumbai have been well-received by customers, who have been impressed by the personalized attention and results-driven treatments offered by KorinMi’s expert team.
KorinMi’s success is also a reflection of the growing interest in Korean skincare in India. Korean beauty products have gained immense popularity in recent years, thanks to their innovative formulations, gentle ingredients, and affordability. Indian consumers are increasingly seeking out high-quality skincare products that address their specific skin concerns, such as acne, hyperpigmentation, and aging.
By blending Korean technology with Indian skincare needs, KorinMi has carved out a unique niche for itself in the Indian market. The company’s products and treatments are designed to address the specific skin concerns of Indian customers, including skin hyperpigmentation, acne, and aging. KorinMi’s team of experts works closely with customers to understand their skin concerns and develop personalized treatment plans that deliver measurable results.
The funding round is a significant milestone for KorinMi, which has achieved profitability in just six months of operation. This feat is all the more impressive given the company’s early-stage growth and the competitive nature of the Indian skincare industry.
“We are thrilled to have received funding from such a distinguished group of investors,” said [Founder’s Name], CEO of KorinMi. “This funding will enable us to expand our reach and offerings, and to bring our unique Korean skincare solutions to more customers across India.”
The funding round was led by Vikas Agarwal, the former CEO of Kaya UAE, who brings extensive experience in the skincare industry to the table. Agarwal has been a vocal advocate for the potential of the Indian skincare market, and his investment in KorinMi is a testament to his confidence in the company’s vision and execution.
“KorinMi has the potential to become a leading player in the Indian skincare industry,” said Agarwal. “The company’s unique approach, combined with its commitment to quality and customer satisfaction, makes it an attractive investment opportunity.”
Vivek Kumar, a seasoned entrepreneur and investor, also participated in the funding round. Kumar has a strong track record of investing in early-stage companies that have the potential to disrupt traditional industries.
“KorinMi’s blend of Korean technology and Indian skincare expertise is a game-changer in the market,” said Kumar. “The company’s focus on personalized treatments and products sets it apart from its competitors, and we believe that it has the potential to achieve significant scale in the coming years.”
In conclusion, KorinMi’s ₹3 crore funding round is a significant development in the Indian skincare industry. The company’s unique approach, combined with its commitment to quality and customer satisfaction, has enabled it to achieve profitability in just six months of operation. With plans to expand its clinic network and enter the D2C space, KorinMi is poised to make a significant impact in the Indian market.
Source: https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
