KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant development in the Indian startup ecosystem, KorinMi, India’s first Korean skin clinic, has raised a pre-seed funding round of ₹3 crore from a group of investors led by Vikas Agarwal, the former CEO of Kaya UAE, and Vivek Kumar, founder of Venture Garage. This milestone marks a significant turning point for the clinic, which has not only turned profitable within six months of its inception but has also expanded its operations to multiple clinics and entered the direct-to-consumer (D2C) space.
Founded in 2024, KorinMi is a unique blend of Korean technology and Indian skin care needs. The clinic’s founders, who are passionate about Korean skincare, noticed a gap in the market for a comprehensive skincare solution that catered to Indian skin types and concerns. They saw an opportunity to bring the best of Korean skincare to India, leveraging the country’s growing demand for premium skincare products.
The pre-seed funding round, which was raised in a relatively short period of three months, will be used to scale KorinMi’s operations, expand its clinic network, and strengthen its online presence. The funding will also enable the company to enhance its product offerings, invest in marketing and branding, and build a strong team to support its growth.
A Profitable Venture
What sets KorinMi apart from other startups is its remarkable ability to turn profitable within six months of its inception. This achievement is a testament to the clinic’s strong business model, efficient operations, and commitment to delivering high-quality services to its customers.
KorinMi’s profitability is attributed to its unique approach to skincare, which focuses on personalized treatments and products that cater to individual skin types and concerns. The clinic’s team of experts, led by a dermatologist and a team of trained therapists, work closely with each patient to understand their skin needs and develop customized treatment plans.
The clinic’s profit margins are also boosted by its state-of-the-art equipment and technology, which enables it to offer advanced treatment options at competitive prices. KorinMi’s focus on quality and customer satisfaction has helped it build a loyal customer base, which has contributed significantly to its revenue growth.
Expansion Plans
With its pre-seed funding in place, KorinMi is poised to expand its operations rapidly. The company plans to open 25 more clinics across India, in addition to its existing two clinics in Delhi and Mumbai. The new clinics will be strategically located in Tier-I and Tier-II cities, where there is a growing demand for premium skincare services.
In addition to expanding its clinic network, KorinMi is also entering the D2C space with professional Korean skincare products for Indian consumers. The company has developed a range of products that cater to Indian skin types and concerns, including acne, dark spots, and hyperpigmentation. The products are designed to be effective, easy to use, and affordable, making them accessible to a wider audience.
D2C Strategy
KorinMi’s D2C strategy is designed to leverage the growing demand for beauty and skincare products online. The company’s products will be sold through its e-commerce platform, which will offer customers a seamless and convenient shopping experience.
KorinMi’s D2C strategy is also focused on building a strong brand presence and engaging with customers through social media and content marketing. The company plans to leverage influencer marketing and user-generated content to promote its products and build brand awareness.
Conclusion
KorinMi’s pre-seed funding round is a significant milestone in the company’s journey to become a leading player in the Indian skincare market. The funding will enable the company to scale its operations, expand its clinic network, and strengthen its online presence. With its focus on personalized treatments, high-quality products, and customer satisfaction, KorinMi is well-positioned to achieve significant growth and profitability in the years to come.
Source:
https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
