KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant development in the Indian beauty and wellness sector, KorinMi, India’s first Korean skin clinic, has raised a pre-seed funding round of ₹3 crore from prominent investors, including Vikas Agarwal, the former CEO of Kaya UAE, and Vivek Kumar, founder of Venture Garage, among others. Founded in 2024, KorinMi has made a remarkable turnaround by becoming profitable within just six months of its operations. The startup’s success has also led to the expansion of its clinic network and entry into the direct-to-consumer (D2C) space.
KorinMi’s innovative approach to skin care blends the cutting-edge technology and expertise of Korea with the specific skin needs and concerns of Indian consumers. The startup’s clinics, which are already operational in two locations, plan to expand to 25 more clinics across India in the coming months. This rapid expansion is a testament to KorinMi’s popularity among Indian consumers, who are increasingly seeking high-quality, effective, and affordable skin care solutions.
The pre-seed funding round, which is a significant milestone for KorinMi, will be utilized to fuel the startup’s expansion plans, enhance its technology and product offerings, and build a strong online presence. The funding will also enable KorinMi to further strengthen its team and infrastructure, ensuring that it can maintain its high standards of quality and service as it scales up operations.
KorinMi’s entry into the D2C space is another significant development for the startup. KorinMi will offer professional Korean skincare products to Indian consumers through its online platform, providing them with access to a wide range of high-quality products that cater to their specific skin concerns. This move is expected to further increase KorinMi’s visibility and reach, as well as provide Indian consumers with a more convenient and affordable way to access Korean skincare products.
KorinMi’s success is a result of its innovative approach to skin care, which combines the best of Korean technology and expertise with a deep understanding of Indian skin needs and concerns. The startup’s founders, who have extensive experience in the beauty and wellness industry, have worked closely with dermatologists and skincare experts to develop a range of products and services that cater to the specific needs of Indian consumers.
The Indian beauty and wellness market is rapidly growing, driven by increasing consumer awareness of the importance of skin care and wellness. The market is also becoming increasingly competitive, with a growing number of domestic and international players vying for market share. KorinMi’s success is a testament to its ability to innovate and adapt to changing market trends, and its focus on providing high-quality, effective, and affordable skin care solutions to Indian consumers.
In conclusion, KorinMi’s pre-seed funding round is a significant milestone for the startup, which has already made a remarkable turnaround by becoming profitable within six months of its operations. The startup’s expansion plans, including the opening of 25 new clinics and entry into the D2C space, are expected to further increase its visibility and reach, and provide Indian consumers with more convenient and affordable access to high-quality skin care products and services.
News Source:
https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
