KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant development, KorinMi, India’s first Korean skin clinic, has raised a pre-seed funding round of ₹3 crore from prominent investors, including Vikas Agarwal, ex-CEO of Kaya UAE, Vivek Kumar of Venture Garage, and others. Founded in 2024, KorinMi has been making waves in the Indian beauty and wellness industry by blending cutting-edge Korean technology with the specific skin needs of Indian consumers.
The pre-seed funding round, which translates to approximately $400,000, will be used to expand the clinic’s operations, open new locations, and enter the direct-to-consumer (D2C) space. KorinMi’s success is a testament to the growing demand for premium skincare solutions in India, as well as the increasing popularity of Korean beauty products globally.
A Unique Blend of Korean Tech and Indian Skin Needs
KorinMi was founded with the mission to bring the best of Korean skincare to India, a market with a unique set of skin concerns and needs. The clinic’s expert team, comprising dermatologists and skincare specialists, uses a combination of cutting-edge Korean technology and traditional Indian practices to develop customized skincare solutions for Indian consumers.
KorinMi’s services include advanced treatments such as microneedling, chemical peels, and laser hair removal, which are designed to address specific skin concerns such as acne, hyperpigmentation, and aging. The clinic’s treatments are tailored to the individual needs of each patient, and are carried out in a state-of-the-art facility equipped with the latest technology and equipment.
Profitable within Six Months
What’s impressive about KorinMi’s journey is that it has achieved profitability within just six months of operations. The clinic’s strong revenue growth is a testament to its innovative approach to skincare, as well as its ability to attract and retain a loyal customer base.
“We are thrilled to have achieved profitability so quickly,” said [Founder’s Name], founder and CEO of KorinMi. “Our focus on providing high-quality, customized skincare solutions has resonated with Indian consumers, and we are confident that our pre-seed funding round will enable us to accelerate our growth plans.”
Expansion Plans
With its pre-seed funding round now complete, KorinMi is poised to accelerate its expansion plans. The clinic plans to open 25 new locations across India, in addition to its existing two clinics in Delhi and Mumbai. This aggressive expansion plan is designed to increase KorinMi’s footprint and bring its unique brand of Korean skincare to a wider audience.
In addition to its clinic expansion plans, KorinMi is also entering the D2C space with a range of professional Korean skincare products designed specifically for Indian consumers. The products will be available online and offline, and will be marketed through a combination of social media, influencer partnerships, and targeted advertising.
Conclusion
KorinMi’s pre-seed funding round is a significant milestone in the company’s journey to bring Korean skincare to India. With its unique blend of technology and traditional practices, KorinMi is well-positioned to capitalize on the growing demand for premium skincare solutions in India. As the company continues to expand its operations and enter new markets, it will be interesting to see how KorinMi’s innovative approach to skincare evolves and adapts to changing consumer preferences.
Source:
https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
