KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant development in the Indian beauty and wellness space, KorinMi, India’s first Korean skin clinic, has raised a pre-seed funding round of ₹3 crore from esteemed investors, including Vikas Agarwal, former CEO of Kaya UAE, Vivek Kumar from Venture Garage, and others. This milestone achievement is a testament to the clinic’s innovative approach to skincare, which combines the best of Korean technology with a deep understanding of Indian skin needs.
Founded in 2024, KorinMi has been making waves in the Indian beauty industry with its unique blend of traditional Korean skincare practices and cutting-edge technology. The clinic’s founders, who have a deep understanding of the Indian skin landscape, have developed a range of products and treatments that cater specifically to the needs of Indian consumers.
One of the key factors that set KorinMi apart from other skin clinics is its focus on using technology to improve the skincare experience. The clinic uses advanced devices and software to analyze skin conditions, track progress, and provide personalized recommendations to patients. This data-driven approach has helped KorinMi achieve remarkable results, with patients reporting significant improvements in skin texture, tone, and overall health.
The pre-seed funding round marks a significant milestone for KorinMi, which has already turned profitable within six months of its operations. The funds raised will be used to expand the clinic’s footprint, with plans to open 25 new clinics across India in the next few years. KorinMi currently operates two clinics in Delhi and Mumbai, with a third clinic set to open in Bangalore soon.
In addition to its clinic expansion plans, KorinMi is also entering the direct-to-consumer (D2C) space with a range of professional Korean skincare products. The products, which will be available online and in-store, are designed to cater to the needs of Indian consumers who are looking for high-quality, effective skincare products that are backed by science.
KorinMi’s D2C products will be available in a range of formats, including serums, creams, and masks, and will be priced competitively in the Indian market. The products will be shipped directly to customers, eliminating the need for intermediaries and ensuring that customers receive the best possible products at the best possible prices.
The entry into the D2C space is a strategic move by KorinMi to expand its reach and cater to the growing demand for online beauty and wellness products in India. The company’s products will be available on its website, as well as on e-commerce platforms such as Amazon and Flipkart.
KorinMi’s success is a testament to the growing demand for Korean beauty and wellness products in India. The Korean beauty industry is known for its innovative approach to skincare, which focuses on using natural ingredients, advanced technology, and scientific research to develop products that are effective and safe.
India, with its large population and growing middle class, presents a significant opportunity for KorinMi to expand its reach and establish itself as a leader in the Indian beauty and wellness space. The company’s focus on using technology to improve the skincare experience, combined with its commitment to providing high-quality products and personalized services, has helped it establish a strong reputation in the market.
In conclusion, KorinMi’s pre-seed funding round of ₹3 crore is a significant milestone in the company’s journey to establish itself as a leader in the Indian beauty and wellness space. The funds raised will be used to expand the clinic’s footprint, enter the D2C space, and cater to the growing demand for Korean beauty and wellness products in India.
Source:
https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
