KorinMi raises Rs 10 Cr from Lotus Herbals to expand Korean skincare clinics
Earlier, KorinMi had raised Rs 3 crore in a pre-seed funding round led by Vikas Agarwal, former CEO of Kaya Skin Clinic UAE, and Vivek Kumar, CEO of Venture Garage.
Gurugram-based skincare clinic and Korean beauty platform KorinMi has raised Rs 10 crore in funding from Lotus Herbals through its innovation investment arm.
The fresh capital will support the company’s expansion plans, strengthen its clinic network, and deepen its presence in India’s fast-growing beauty and wellness market.
Founded in 2024 by Reshbha Munjal and Jenovia Daun Jung, KorinMi started as a Korean skincare clinic and has since expanded into direct-to-consumer skincare products. The company positions itself as India’s first professional Korean beauty clinic and skincare brand, combining Korean skincare science with solutions tailored for Indian skin types and climatic conditions.
The company currently operates clinics in locations including Worldmark Gurugram and Vasant Vihar in South Delhi. Its offerings include AI-powered 3D skin analysis and aesthetic treatments such as Xylift face contouring and Luminex collagen-boosting laser therapies.
In addition to clinic services, KorinMi offers skincare products and multi-step skincare regimens designed to address concerns such as pigmentation, oil imbalance, acne, and sun damage. Its portfolio includes products like the IO.MI Deep Cleanser and the SA Timeless Ampoule Toner.
The startup focuses on lightweight, breathable, and barrier-safe formulations inspired by Korean beauty trends while adapting products for Indian consumers.
Earlier, KorinMi had raised Rs 3 crore in a pre-seed funding round led by Vikas Agarwal, former CEO of Kaya Skin Clinic UAE, and Vivek Kumar, CEO of Venture Garage. The company also claimed to have achieved operational profitability within six months of launching its first clinic in Gurugram.
Looking ahead, KorinMi plans to open 25 additional clinics across cities including Mumbai, Chennai, and Hyderabad over the next three years as it scales its omnichannel beauty and skincare ecosystem.