KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant development in the Indian beauty and skincare industry, KorinMi, India’s first Korean skin clinic, 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, founder of Venture Garage. This impressive funding round is a testament to the growing popularity of Korean beauty products and the potential of KorinMi’s unique blend of Korean technology and Indian skin needs.
Founded in 2024, KorinMi aims to revolutionize the Indian skincare industry by offering professional Korean skincare products and services to Indian consumers. The company’s founders, who have extensive experience in the beauty and skincare industry, identified a gap in the market for high-quality, affordable Korean skincare products that cater specifically to Indian skin types and concerns.
KorinMi’s founding team recognized that Indian skin is unique and requires products that are tailored to its specific needs. While Korean skincare products have gained immense popularity worldwide, many Indian consumers struggle to find products that cater to their skin type, concerns, and budget. KorinMi is addressing this gap by offering a range of professional Korean skincare products that are carefully selected and formulated to meet the specific needs of Indian skin.
The company’s pre-seed funding round is a significant milestone in its journey, and the funds will be used to expand KorinMi’s presence in the Indian market. The company plans to open 25 more clinics across India, taking its total clinic count to 27. KorinMi currently operates two clinics in Delhi and Mumbai, which have been well-received by customers.
In addition to expanding its clinic network, KorinMi is also entering the direct-to-consumer (D2C) space with a range of professional Korean skincare products. The company has launched its e-commerce platform, which offers a range of products that are carefully curated to cater to Indian skin types and concerns. KorinMi’s D2C platform allows customers to purchase products online and have them delivered to their doorstep, making it more convenient for customers to access high-quality Korean skincare products.
KorinMi’s entry into the D2C space is a significant strategic move, as it allows the company to expand its reach beyond its physical clinics. By offering high-quality Korean skincare products online, KorinMi is able to cater to a wider audience and increase its brand visibility. The company’s D2C platform also provides a convenient and seamless shopping experience for customers, who can purchase products at the comfort of their own homes.
KorinMi’s impressive growth and expansion plans are a testament to the company’s innovative approach to the Indian beauty and skincare industry. By blending Korean technology with Indian skin needs, KorinMi is able to offer high-quality products and services that cater to the specific needs of Indian consumers. The company’s commitment to quality, innovation, and customer satisfaction has helped it to establish a strong presence in the Indian market, and its expansion plans will only further solidify its position.
In conclusion, KorinMi’s pre-seed funding round is a significant milestone in the company’s journey, and the funds will be used to expand its presence in the Indian market. The company’s plans to open 25 more clinics and enter the D2C space are a testament to its commitment to innovation and customer satisfaction. As KorinMi continues to grow and expand, it is likely to play a significant role in shaping the future of the Indian beauty and skincare industry.
Source:
https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
