KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
The Indian skin care market is witnessing a significant boom, with the demand for innovative and effective solutions increasing rapidly. Amidst this growth, KorinMi, India’s first Korean skin clinic, has made significant strides, raising ₹3 crore in pre-seed funding from esteemed investors. This milestone marks a significant achievement for the company, which has been making waves in the industry with its unique blend of Korean technology and Indian skin needs.
A Unique Concept
Founded in 2024, KorinMi was born out of the realization that the Indian skin care market was in dire need of a fresh perspective. The founders, who are experts in the field of dermatology, identified the lack of effective solutions that catered to the specific skin needs of Indian consumers. They saw an opportunity to bridge this gap by bringing Korean technology, known for its innovative and results-driven approach, to the Indian market.
KorinMi’s unique selling proposition lies in its ability to blend Korean technology with Indian skin needs. The company’s team of experienced dermatologists and skincare experts work together to create customized treatment plans that cater to the specific skin concerns of Indian consumers. This approach has proven to be highly effective, with KorinMi reporting significant growth and customer satisfaction.
Pre-Seed Funding Round
The recent pre-seed funding round, which saw the company raise ₹3 crore, is a testament to KorinMi’s potential for growth and scalability. The funding round was led by notable investors Vikas Agarwal, ex-CEO of Kaya UAE, and Vivek Kumar, Venture Garage, with participation from other prominent investors.
The funding will be used to further expand KorinMi’s clinic network, with plans to open 25 new clinics across India. The company is also looking to strengthen its online presence by launching a direct-to-consumer (D2C) e-commerce platform. This platform will offer professional Korean skincare products to Indian consumers, making it easier for them to access high-quality skincare solutions from the comfort of their own homes.
Profitable Within Six Months
What’s even more impressive is that KorinMi has achieved profitability within just six months of its inception. This is a remarkable feat, especially considering the company’s focus on high-quality services and products. The founders’ expertise in dermatology and skincare, combined with their ability to adapt Korean technology to Indian skin needs, has been instrumental in driving KorinMi’s success.
Clinic Network Expansion
KorinMi currently operates two clinics in India, with plans to expand its network to 25 clinics across the country. The company’s clinics are equipped with state-of-the-art technology and staffed by experienced dermatologists and skincare experts. KorinMi’s clinic network is designed to provide customers with a personalized and comprehensive skincare experience, combining cutting-edge technology with traditional dermatological expertise.
D2C E-Commerce Platform
In addition to expanding its clinic network, KorinMi is also entering the D2C e-commerce space with a professional Korean skincare platform. This platform will offer a range of high-quality skincare products, carefully curated to cater to Indian skin needs. The platform will feature products from renowned Korean brands, as well as KorinMi’s own line of products, developed specifically for the Indian market.
The D2C e-commerce platform will provide customers with a convenient and seamless shopping experience, allowing them to purchase high-quality skincare products from the comfort of their own homes. KorinMi’s e-commerce platform will also feature personalized product recommendations, skincare advice, and expert consultations, making it a one-stop-shop for all skincare needs.
Conclusion
KorinMi’s success is a testament to the growing demand for innovative and effective skincare solutions in India. The company’s unique blend of Korean technology and Indian skin needs has resonated with customers, driving significant growth and customer satisfaction. With its pre-seed funding round, KorinMi is poised for further growth and expansion, both online and offline. As the company continues to evolve and innovate, it will be exciting to see how it shapes the future of the Indian skin care industry.
Source: https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
