KorinMi bags Rs 10 Cr from Lotus Herbals fund to scale Korean skin clinics across metros
The Gurugram-based Korean skincare startup, founded in 2024, will use the capital from Lotus Herbals' Innovation Fund to open new clinics in Mumbai, Bengaluru and Hyderabad. KorinMi has served over 3,000 clients and operates as both a clinic chain and D2C skincare brand.
What happened
KorinMi, a Gurugram-based Korean skin clinic and D2C skincare startup, raised Rs 10 crore from Lotus Herbals' Innovation Fund to open new clinics in Mumbai,
Key facts
- Rs 10 crore
- $50 million fund corpus
- 32% stake in Fixderma
- 3,000 clients
- Rs 3 crore prior round
Why this matters
KorinMi's Lotus tie-up signals incumbents are buying optionality on Korean skincare formats, opening partnership or co-investment angles for brands seeking metro clinic distribution.
Also reported by
- Entrackr — 1h after first sighting