KorinMi bags Rs 10 cr from Lotus Herbals to scale K-beauty clinics across metros
Gurugram-based Korean skincare clinic KorinMi has raised Rs 10 crore from Lotus Herbals' innovation fund to expand from 3 clinics into Mumbai, Bengaluru and Hyderabad, while growing its D2C product range tailored for Indian skin. The strategic backing pits it against Kaya and Nykaa-backed beauty plays.
What happened
Korean beauty clinic KorinMi raised Rs 10 crore from Lotus Herbals' innovation fund to expand clinics from Gurugram into Mumbai, Bengaluru and Hyderabad and
Key facts
- Rs 10 crore
- $50 million corpus
- 3 clinics
- 3,000 clients
- Rs 3 crore prior round
Why this matters
Lotus Herbals is quietly building a K-beauty moat via its innovation fund, making KorinMi a likely acquisition target within 24 months and forcing rivals to lock in Korean clinic partnerships now.