Latest news with #ReshbhaMunjal
Fashion Network
09-05-2025
- Business
- Fashion Network
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.
Entrepreneur
06-05-2025
- Business
- Entrepreneur
KorinMi Raises INR 3 Cr to Expand Korean Skincare Clinics in India
The fresh capital will be strategically deployed to enhance technology, bolster marketing, expand clinic operations, and roll out a new line of skincare products customised for Indian skin using advanced Korean skincare science. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. KorinMi, a pioneering Korean skin clinic, has raised INR 3 crore (approx. USD 360,000) in a pre-seed funding round led by prominent angel investors including Vikas Agarwal, former CEO of Kaya Skin Clinic (UAE), and Vivek Kumar, CEO of Venture Garage, along with a network of CXOs and industry leaders. The fresh capital will be strategically deployed to enhance technology, bolster marketing, expand clinic operations, and roll out a new line of skincare products customised for Indian skin using advanced Korean skincare science. Founded in 2024 by Reshbha Munjal and Jenovia Daun Jung, KorinMi blends the clinical expertise of Korean dermatology with solutions tailored specifically for Indian skin. The brand's name—"Korin" (Korea + India) and "Mi" (meaning beauty in Korean)—embodies its mission to merge global beauty excellence with localised innovation. KorinMi's cutting-edge clinics offer both non-invasive and invasive treatments backed by Korean dermatological science. A key differentiator is its 3D Korean skin analysis technology that evaluates over 15 skin parameters to deliver highly personalised care. "While K-beauty enjoys immense popularity in India, professional clinics offering dermatologist-approved Korean treatments were missing," said Reshbha Munjal, Co-founder and CEO. "With KorinMi, we bridge this gap by offering authentic Korean solutions tailored to Indian skin needs." Jenovia Daun Jung, Co-founder and COO, added, "We're offering a whole new category—professional K-beauty rooted in precision and results." Investor Vikas Agarwal remarked, "What stood out was not just the strength of the concept, but the founders' vision and execution. KorinMi has already achieved profitability within six months—testament to the founders' operational excellence." Having launched its flagship clinic in Gurugram just six months ago, KorinMi claims that it is already operationally profitable and has expanded to two locations in Delhi-NCR. The brand plans to scale rapidly with 25 clinics across major metros like Mumbai, Chennai, and Hyderabad over the next three years. KorinMi is also entering the D2C space with a curated range of professional-grade Korean homecare products formulated for Indian skin. With five hero products launched, it aims to build a trusted skincare ecosystem across India.
