In its pre-seed round, Korean skin clinic KorinMi raised Rs 3 crore, or about $360K, led by angel investors Vivek Kumar, the CEO of Venture Garage, and Vikas Agarwal, the former CEO of Kaya Skin Clinic in the United Arab Emirates, as well as other CXOs and business titans.
The money raised will go toward marketing, expansion, technology advancements, and the creation of products that use Korean skincare science and are suited for Indian skin.
Reshbha Munjal and Jenovia Daun Jung founded KorinMi in 2024, combining Korean dermatological knowledge and technology with solutions tailored for Indian customers. It evaluates more than 15 skin parameters using Korean 3D skin analysis and offers both invasive and non-invasive treatments in addition to high-end homecare products.
After opening its first clinic in Gurugram, the brand claims to have turned a profit within six months. It currently runs two clinics in Delhi-NCR.
In the upcoming three years, KorinMi intends to grow to 25 clinics in Hyderabad, Chennai, Mumbai, and Delhi. With a line of skincare products designed especially for Indian skin, it is also venturing into the direct-to-consumer (D2C) market.
Kaya Clinic, SkinLab, and foreign direct-to-consumer skincare companies are among its rivals in India’s expanding premium skincare market.
