KorinMi raises Rs 3 crore, enters direct to customer retail market in India
Gurugram-based Korean skincare business KorinMi has raised Rs 3 crore in a pre-seed funding round and plans to launch 25 offline outlets in Indian metros including Hyderabad, Mumbai, and Chennai over the coming three years.
"We're formalising a new category in professional Korean skincare tailored for Indian consumers with a high-trust clinical approach," KorinMi's co-founder Reshbha Munjal told ET Retail in an interview. KorinMi's funding round was led by Vikas Agarwal, the former CEO of Kaya Skin Clinic, and also saw participation from angel investors including Vivek Kumar of Venture Garage.
The business plans to use its new capital to widen its clinic network to reach more metro shoppers. In addition, KorinMi will harness the investment to launch its own direct to customer skincare range. The product line will use Korean beauty principles and cater to the growing demand for K-Beauty in India.
Indian national Reshbha Munjal and South Korean national Jenovia Daun Jung launched KorinMi last year. The business aims to tailor Korean skincare expertise to Indian beauty needs, according to its Facebook page. The brand currently counts two brick-and-mortar locations, one in New Delhi's Defence Colony and one in Gurugram's Worldmark.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Network
4 hours ago
- Fashion Network
De Beers draws interest from billionaire Agarwal, Qatari funds, sources say
Diamond giant De Beers has drawn interest from at least six consortia, including billionaire Anil Agarwal, Indian diamond firms and Qatari investment funds, sources close to the companies told Reuters. De Beers is being carved out of Anglo American as the London-listed miner refocuses on copper and iron ore but the move comes with global diamond prices under pressure. Agarwal, chairman of Vedanta Resources, which has mines in Zambia and South Africa, is among the interested parties, as part of a bigger group, two sources said. Anglo and Agarwal both declined to companies including KGK Group and Kapu Gems, which dominate the domestic cutting and polishing trade, and are De Beers's biggest customers, have also expressed an interest, two sources with knowledge of the matter said. KGK Group and Kapu Gems did not respond to requests for comment. Anglo American, whose book value for De Beers stands at $4.9 billion, following $3.5 billion in impairments over the last two years, said it has retained financial advisers Morgan Stanley, Goldman Sachs and Centerview to help with a sale or a demerger and potential listing.
Fashion Network
a day ago
- Fashion Network
Swedish hair care brand Sachajuan launches in Indian market
Swedish hair care label Sachajuan has entered the Indian market with Kutub Ariwala, founder of BeautIndia. The brand aims to bring its minimalist, performance-driven products to a growing base of ingredient-aware consumers. 'I was tired of seeing clients overwhelmed by shelves of products, unsure of what actually worked,' said brand founder and hairstylist Sacha Mitic, Indian Retailer Bureau reported. 'Everything felt overly engineered. I wanted to go the other way- to create something intuitive, elegant, and honest.' Sachajuan's range includes leave-in treatments like In The Sun, After The Sun, Hair Repair, and Dark Volume Powder, the latter formulated specifically for dark hair tones. At the core of its products is 'Ocean Silk Technology,' combining marine algae to strengthen hair without weighing it down, according to its Facebook page. 'India's beauty and personal care industry is experiencing tremendous growth," said BeautIndia's founder Kutub Ariwala. "Today's consumer doesn't just read the label, they research every ingredient. They don't fall for fluff.' With an emphasis on scalp health, simplicity, and function, Sachajuan aims to engage shoppers in India's increasingly sophisticated premium haircare segment. 'There's such deep hair culture here,' said Mitic. 'What surprised me most was how people balance modern routines with traditional values.'
Fashion Network
3 days ago
- Fashion Network
Skin Beauty Pal & Pers Active Lab launches in India
Skin Beauty Pal & Per Active Lab (SBP & PAL), a global skincare-tech company from Taiwan has officially launched in the Indian market with their skincare line 'Pers Active Lab' and analysis device line 'Skin Beauty Pal'. The brand claims that its mobile app 'Skin Beauty Pal' offers dermatologist-level accuracy in identifying concerns such as acne, pigmentation, wrinkles, and redness. It further offers customised skincare solutions from the 'Pers Active Lab' range. Commenting on the launch, Grant Kuo, founder CEO of Digital Doctor, the parent company behind SBP & PAL said, 'With over 40 years in tech, I believe the most effective way to solve every problem is to start with root-cause analysis, then target solutions that deliver better, fast results. That's how we built Skin Beauty Pal and Pers Active Lab by cutting the guesswork with AI diagnostics and using only a few clinically proven, high-impact ingredients in optimal balance. It's the 'Power of Less' approach.' 'With a rising demand for personalised skincare and a tech-savvy, appearance-conscious population aged 25-40, India presents the ideal market. Clinics and dermatologists in India will also benefit through SaaS integrations, offering ERP/CRM tools and a direct link to patients through the app's measurement and consultation ecosystem,' he added. As part of its India strategy, Skin Beauty Pal plans to enable aesthetic clinics to become integrated partners through a powerful ERP and CRM system.
