KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
In a significant development, KorinMi, India’s first Korean skin clinic, has raised ₹3 crore in pre-seed funding from a consortium of investors led by Vikas Agarwal, the former CEO of Kaya UAE, and Vivek Kumar of Venture Garage. This milestone marks a major achievement for the young startup, which has made significant strides in a short span of time. Not only has KorinMi turned profitable within just six months of its inception, but it has also expanded its footprint by opening two clinics and planning to establish 25 more across the country.
Founded in 2024, KorinMi is a unique blend of Korean technology and Indian skin needs. The clinic’s founders, who have extensive experience in the skincare industry, recognized the potential for Korean skincare products to revolutionize the Indian market. By combining the latest Korean technology with a deep understanding of Indian skin types and concerns, KorinMi aims to provide Indian consumers with professional, high-quality skincare solutions.
The pre-seed funding round, which was completed in June 2024, will be used to further expand KorinMi’s clinic network, enhance its product offerings, and strengthen its marketing and sales efforts. The funding will also enable the startup to enter the direct-to-consumer (D2C) space, allowing Indian consumers to access KorinMi’s professional Korean skincare products online.
The D2C space is a significant opportunity for KorinMi, as it allows the startup to reach a wider audience and build a strong brand presence in the Indian market. By offering high-quality, effective, and affordable skincare products online, KorinMi aims to establish itself as a leader in the Indian skincare industry.
KorinMi’s rapid growth and success are a testament to the startup’s innovative approach and commitment to providing exceptional customer service. The clinic’s founders have a deep understanding of the Indian skincare market and have developed products and treatments that are tailored to meet the specific needs of Indian consumers.
The startup’s plans for expansion are ambitious, with a target of establishing 25 clinics across the country over the next few years. This will enable KorinMi to reach a wider audience, increase its brand visibility, and further establish itself as a leader in the Indian skincare industry.
In addition to its clinic network, KorinMi is also focused on building a strong online presence. The startup has a robust e-commerce platform that offers a range of skincare products, from cleansers and moisturizers to serums and sunscreens. The platform is designed to provide Indian consumers with a convenient and seamless shopping experience, with features such as fast shipping, easy returns, and a satisfaction guarantee.
KorinMi’s success is also attributed to its partnerships with leading Indian beauty and wellness influencers, who have endorsed the startup’s products and services. These partnerships have helped to increase KorinMi’s brand visibility and reach a wider audience, further solidifying its position in the Indian skincare market.
In conclusion, KorinMi’s ₹3 crore pre-seed funding round is a significant milestone for the startup, marking a major achievement in its growth journey. With plans to expand its clinic network, enter the D2C space, and strengthen its marketing and sales efforts, KorinMi is poised to become a leading player in the Indian skincare industry. The startup’s commitment to providing high-quality, effective, and affordable skincare products and treatments has resonated with Indian consumers, and its innovative approach has established it as a leader in the market.
Source: https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
