KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a major milestone for the Indian skin care industry, KorinMi, India’s first Korean skin clinic, has raised a pre-seed funding round of ₹3 crore from notable investors, including Vikas Agarwal, ex-CEO of Kaya UAE, and Vivek Kumar, Venture Garage. This significant investment marks a turning point for the company, which has achieved profitability within just six months of its inception. With this funding, KorinMi plans to expand its clinic network, enter the direct-to-consumer (D2C) space, and make professional Korean skincare accessible to Indian consumers.
Founded in 2024, KorinMi is a unique blend of Korean technology and Indian skin needs. The clinic’s founders, who have extensive experience in the beauty and wellness industry, recognized the growing demand for advanced skincare solutions in India. They saw an opportunity to introduce Korean skincare products and treatments to the Indian market, which are renowned for their innovative ingredients, cutting-edge technology, and efficacy.
The pre-seed funding round, which was led by Vikas Agarwal and Vivek Kumar, also saw participation from other prominent investors. This investment will enable KorinMi to accelerate its growth plans, expand its clinic network, and launch its D2C platform. The company plans to open 25 more clinics across India, in addition to its existing two locations in Bengaluru and Hyderabad.
A Profitable Venture
KorinMi’s remarkable achievement of profitability within six months of its launch is a testament to the company’s strong business model and market demand. The clinic’s focus on providing high-quality, result-driven skincare treatments and products has resonated with Indian consumers, who are increasingly seeking effective solutions for their skin concerns.
The clinic’s profitability is also attributed to its unique blend of Korean technology and Indian skin needs. KorinMi’s founders worked closely with Korean dermatologists and skincare experts to develop treatment protocols and products that cater specifically to Indian skin types and concerns. This approach has enabled the clinic to deliver exceptional results, which has driven word-of-mouth referrals and repeat business.
Entering the D2C Space
In addition to expanding its clinic network, KorinMi is also entering the D2C space with professional Korean skincare products for Indian consumers. The company’s D2C platform will offer a range of products, including serums, moisturizers, and sunscreens, that are designed to address specific skin concerns such as acne, hyperpigmentation, and aging.
KorinMi’s D2C platform will leverage the company’s expertise in Korean skincare and its understanding of Indian skin needs to offer a unique range of products that are not available in the Indian market. The company’s products will be manufactured in Korea, ensuring that they meet the highest standards of quality and efficacy.
The D2C space is increasingly popular in India, with many consumers seeking convenient and affordable options for purchasing skincare products. KorinMi’s entry into this space is expected to disrupt the traditional skincare market, offering consumers a new and exciting way to access professional-grade skincare products from the comfort of their own homes.
Conclusion
KorinMi’s pre-seed funding round of ₹3 crore is a significant milestone for the company, marking its entry into the Indian skin care industry. With its unique blend of Korean technology and Indian skin needs, KorinMi is poised to revolutionize the skincare industry in India. The company’s plans to expand its clinic network and enter the D2C space will make professional Korean skincare products more accessible to Indian consumers, who are increasingly seeking effective solutions for their skin concerns.
As KorinMi continues to grow and expand, it is likely to shape the future of the Indian skin care industry. With its commitment to quality, efficacy, and customer satisfaction, KorinMi is well-positioned to become a leading player in the Indian skincare market.
News Source:
https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
