KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
The Indian beauty and skincare industry has witnessed a significant surge in recent years, with consumers increasingly seeking innovative and effective solutions to address their skin concerns. Amidst this growth, KorinMi, India’s first Korean skin clinic, has made headlines by raising ₹3 crore in pre-seed funding from prominent investors. In this blog post, we’ll delve into the story of KorinMi’s remarkable journey, its unique blend of Korean technology and Indian skin needs, and its plans for expansion in the D2C space and clinic network.
A Unique Approach to Skin Care
Founded in 2024, KorinMi is a pioneering venture that combines the best of Korean technology with Indian skin needs. The clinic’s founders, with their deep understanding of the Indian market, recognized the demand for a skin care solution that addresses the unique concerns of Indian skin. They partnered with Korean dermatologists and skin care experts to develop a range of treatments and products that cater to Indian skin types and concerns.
KorinMi’s unique approach has resonated with Indian consumers, who are increasingly seeking innovative and effective skin care solutions. The clinic’s services include advanced treatments such as microneedling, chemical peels, and laser therapy, which are designed to address specific skin concerns such as acne, pigmentation, and aging.
Pre-Seed Funding and Expansion Plans
The recent pre-seed funding round, led by Vikas Agarwal, ex-CEO of Kaya UAE, and Vivek Kumar, Venture Garage, among others, has propelled KorinMi’s growth plans. The funding will be utilized to expand the clinic network, enter the direct-to-consumer (D2C) space, and strengthen the brand’s online presence.
KorinMi currently operates two clinics in Delhi and Bengaluru, with plans to open 25 more clinics across India in the next few years. The clinic network will be strategically located in key cities, ensuring that KorinMi’s services are accessible to a wider customer base.
In addition to its clinic network, KorinMi is also entering the D2C space with a range of professional Korean skincare products. The products will be designed to cater to Indian skin types and concerns, offering consumers a convenient and effective solution to address their skin care needs.
Turning Profitable in Record Time
What’s remarkable about KorinMi’s journey is its ability to turn profitable within six months of operations. This achievement is a testament to the clinic’s business model, which focuses on providing high-quality services and products to customers.
KorinMi’s profitability is also attributed to its efficient operations and cost structure. The clinic’s founders have implemented a lean and agile business model, which enables them to minimize costs and maximize revenue. This approach has enabled KorinMi to achieve profitability quickly, setting it apart from other startups in the beauty and skincare industry.
Conclusion
KorinMi’s success story is a testament to the power of innovation and entrepreneurship in the Indian beauty and skincare industry. The clinic’s unique blend of Korean technology and Indian skin needs has resonated with Indian consumers, who are increasingly seeking effective and innovative solutions to address their skin concerns.
With its recent pre-seed funding and expansion plans, KorinMi is poised to become a leading player in the Indian beauty and skincare industry. The clinic’s entry into the D2C space and plans to expand its clinic network will further cement its position as a leader in the industry.
As KorinMi continues to grow and expand, it will be interesting to see how the company leverages its unique approach to skin care to address the evolving needs of Indian consumers. One thing is certain, however – KorinMi’s commitment to providing high-quality services and products has set it apart as a pioneer in the Indian beauty and skincare industry.
Source: https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
