KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant milestone for the Indian skincare industry, 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, founder of Venture Garage. This funding round is a testament to the growing popularity of Korean skincare in India and KorinMi’s innovative approach to blending Korean technology with Indian skin needs.
Founded in 2024 by a team of dermatologists and skincare enthusiasts, KorinMi aims to revolutionize the way Indians approach skincare. With its unique blend of Korean technology and Indian skin needs, the clinic has quickly gained popularity among Indian consumers. The funding received will be used to expand KorinMi’s operations, including the opening of new clinics and the launch of a direct-to-consumer (D2C) platform.
A Profitable Venture
What’s remarkable about KorinMi is that it has achieved profitability within just six months of its inception. This feat is a testament to the clinic’s effective business model and the demand for its services. KorinMi currently operates two clinics in Delhi and Mumbai, but the company plans to expand to 25 more clinics in the next few years.
“We are thrilled to have received the support of our investors, who believe in our vision to bring Korean skincare expertise to India,” said Dr. [Name], founder and CEO of KorinMi. “We are committed to providing high-quality, effective skincare solutions to Indian consumers, and we are confident that our D2C platform will help us reach a wider audience.”
D2C Platform
KorinMi’s D2C platform will offer professional Korean skincare products to Indian consumers, allowing them to experience the same high-quality skincare treatments at the clinic in the comfort of their own homes. The platform will feature a range of products, including facial creams, serums, and masks, all of which are designed to address specific skin concerns such as acne, hyperpigmentation, and aging.
The D2C platform will also offer a range of subscription-based services, including monthly product deliveries, personalized skincare consultations, and access to KorinMi’s network of dermatologists. The platform is expected to launch in the coming months and will be available on KorinMi’s website and social media channels.
Expansion Plans
KorinMi plans to expand its operations to 25 clinics across India in the next few years, with a focus on major cities such as Delhi, Mumbai, Bangalore, and Chennai. The company will also establish partnerships with dermatologists and skincare professionals across the country, allowing them to offer KorinMi’s products and services to their clients.
In addition to its D2C platform and clinic expansion plans, KorinMi is also exploring opportunities in the e-commerce space. The company plans to partner with e-commerce platforms to sell its products online, making it easier for Indian consumers to access Korean skincare products.
Conclusion
KorinMi’s pre-seed funding round is a significant milestone in the company’s journey to revolutionize the Indian skincare industry. With its unique blend of Korean technology and Indian skin needs, KorinMi is poised to become a major player in the Indian skincare market. The company’s commitment to providing high-quality, effective skincare solutions to Indian consumers, combined with its plans to expand its operations and launch a D2C platform, make it an exciting and innovative player in the industry.
Source:
https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
