KorinMi raises ₹3 crore, turns profitable, expands D2C & clinics
KorinMi, India’s first Korean skin clinic, has made significant strides in its growth journey, raising a pre-seed funding round of ₹3 crore from a group of investors led by Vikas Agarwal, the former CEO of Kaya UAE, and Vivek Kumar from Venture Garage. Founded in 2024, KorinMi has successfully blended Korean technology with Indian skin needs, resulting in impressive financial performance.
Profitable within six months of its launch, KorinMi has established itself as a leading player in the Indian dermatology space. The clinic has expanded its footprint, operating two clinics in India, with plans to open 25 more locations in the near future. Furthermore, KorinMi has also entered the Direct-to-Consumer (D2C) space, offering professional Korean skincare products to Indian consumers.
KorinMi’s innovative approach to dermatology has resonated with Indian consumers, who are increasingly seeking effective and affordable skincare solutions. The clinic’s founders, who have extensive experience in the dermatology industry, have leveraged their knowledge to develop a comprehensive range of services that cater to the unique skin needs of Indian consumers.
The pre-seed funding round, which was announced in a recent news article on StartUpTalky, will enable KorinMi to further expand its operations, invest in technology, and enhance its product offerings. The funding will also support the clinic’s marketing efforts, allowing it to reach a wider audience and increase brand visibility.
KorinMi’s entry into the D2C space is a significant development in the Indian skincare market. The clinic has launched a range of professional Korean skincare products that are designed to address specific skin concerns, such as acne, hyperpigmentation, and fine lines. These products are manufactured in Korea, using advanced technology and natural ingredients, and are now available to Indian consumers through KorinMi’s online platform.
The D2C space has become increasingly popular in recent years, as consumers seek more control over their purchasing decisions and prefer the convenience of online shopping. KorinMi’s entry into this space is expected to help the clinic expand its customer base and increase revenue.
In addition to its D2C platform, KorinMi also operates two clinics in India, offering a range of dermatological services, including skin consultations, treatments, and surgeries. The clinic’s team of experienced dermatologists and skin care professionals use advanced technology and evidence-based treatments to provide personalized care to each patient.
KorinMi’s success is a testament to the growing demand for high-quality dermatological services in India. The clinic’s innovative approach to dermatology, which combines Korean technology with Indian skin needs, has resonated with Indian consumers, who are increasingly seeking effective and affordable skincare solutions.
In conclusion, KorinMi’s pre-seed funding round of ₹3 crore is a significant milestone in the clinic’s growth journey. The funding will enable KorinMi to further expand its operations, invest in technology, and enhance its product offerings. The clinic’s entry into the D2C space is also a significant development in the Indian skincare market, offering Indian consumers access to professional Korean skincare products.
As KorinMi continues to grow and expand, it is likely to play an increasingly important role in the Indian dermatology space. The clinic’s commitment to providing high-quality, personalized care to each patient, combined with its innovative approach to dermatology, makes it an attractive option for Indian consumers seeking effective and affordable skincare solutions.
News Source:
https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
