KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant development, KorinMi, India’s first Korean skin clinic, has announced that it 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 achievement marks a significant step forward for the company, which has been making waves in the Indian skincare industry with its unique blend of Korean technology and Indian skin needs.
Founded in 2024, KorinMi has quickly gained popularity for its innovative approach to skincare, which combines the latest Korean treatments with a deep understanding of Indian skin types and concerns. The company’s mission is to provide Indian consumers with access to high-quality, professional skincare solutions that are tailored to their specific needs and skin types.
The funding round, which was completed in record time, is a testament to the company’s potential for growth and scalability. KorinMi plans to use the funds to expand its operations, including opening 25 new clinics across India, in addition to its existing two locations. The company is also entering the direct-to-consumer (D2C) space, offering professional Korean skincare products to Indian consumers through its online platform.
“We are thrilled to have received such strong support from our investors,” said [Name], Founder and CEO of KorinMi. “We believe that the Indian skincare market has immense potential, and we are committed to providing high-quality, innovative solutions that meet the needs of Indian consumers. With this funding, we will be able to accelerate our growth plans and expand our reach across the country.”
KorinMi’s success story is all the more impressive given that the company has achieved profitability within just six months of its inception. This is a rare feat in the startup ecosystem, and a testament to the company’s strong business model and execution.
So, what sets KorinMi apart from other skincare clinics and companies in India? For starters, the company’s unique blend of Korean technology and Indian skin needs is a major differentiator. KorinMi’s team of experts has conducted extensive research on Indian skin types and concerns, and has developed customized treatments that are tailored to these specific needs.
The company’s clinics are designed to provide a personalized experience for each patient, with expert consultations and customized treatment plans. KorinMi’s team of dermatologists and skincare specialists use the latest Korean technology and products to deliver high-quality treatments that are tailored to each patient’s specific skin type and concerns.
In addition to its clinics, KorinMi is also entering the D2C space with a range of professional Korean skincare products. These products are designed to be effective, yet gentle, and are formulated with Indian skin types and concerns in mind. KorinMi’s D2C platform allows consumers to purchase these products online, and receive personalized advice and guidance from the company’s team of skincare experts.
The Indian skincare market is growing rapidly, driven by increasing awareness of the importance of skincare and the availability of a wide range of products and treatments. KorinMi is well-positioned to capitalize on this growth, with its unique blend of Korean technology and Indian skin needs.
“The Indian skincare market has immense potential, and we believe that KorinMi is well-placed to capitalize on this growth,” said Vikas Agarwal, one of the investors in KorinMi’s pre-seed funding round. “The company’s unique approach to skincare, combined with its strong team and business model, make it an attractive investment opportunity.”
In conclusion, KorinMi’s announcement of a ₹3 crore pre-seed funding round is a significant development in the Indian skincare industry. The company’s unique blend of Korean technology and Indian skin needs, combined with its strong business model and execution, make it an attractive investment opportunity. With plans to expand its operations and enter the D2C space, KorinMi is poised for rapid growth and success in the years to come.
News Source: https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
