Skin Clinic KorinMi Raises INR 10 Cr from Lotus Herbals Innovation Fund
Lotus Herbals also acquired a 32% stake in skincare brand Fixderma in October 2021.
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Gurugram-based skin clinic KorinMi has raised INR 10 crore from Lotus Herbals’ Innovation Fund, which has a corpus of USD 50 million focused on early-stage beauty and wellness startups in India.
The development marks another investment by Lotus Herbals, which had earlier acquired a 32% stake in skincare brand Fixderma in October 2021.
KorinMi said the newly raised funds will be used to expand its physical presence by opening clinics in cities such as Mumbai, Bengaluru, and Hyderabad. The company aims to scale its operations beyond its current base in Gurugram.
Founded in 2024 by Reshbha Munjal and Jenovia Daun Jung, KorinMi combines Korean skincare science with customised treatments designed for Indian consumers. The startup operates clinical facilities and also offers direct-to-consumer skincare products.
The company focuses on both facial and hair treatments and launched its first clinic in October 2024. It claims to have served over 3,000 clients so far, with treatment cycles typically lasting between 30 and 45 days. To support ongoing care, the brand has also introduced a range of skincare products.
KorinMi’s products are manufactured in South Korea and tailored for Indian skin types and weather conditions. Previously, the startup had raised INR 3 crore from angel investors, including former Kaya Skin Clinic (UAE) CEO Vikas Agarwal.
Gurugram-based skin clinic KorinMi has raised INR 10 crore from Lotus Herbals’ Innovation Fund, which has a corpus of USD 50 million focused on early-stage beauty and wellness startups in India.
The development marks another investment by Lotus Herbals, which had earlier acquired a 32% stake in skincare brand Fixderma in October 2021.
KorinMi said the newly raised funds will be used to expand its physical presence by opening clinics in cities such as Mumbai, Bengaluru, and Hyderabad. The company aims to scale its operations beyond its current base in Gurugram.
Founded in 2024 by Reshbha Munjal and Jenovia Daun Jung, KorinMi combines Korean skincare science with customised treatments designed for Indian consumers. The startup operates clinical facilities and also offers direct-to-consumer skincare products.
The company focuses on both facial and hair treatments and launched its first clinic in October 2024. It claims to have served over 3,000 clients so far, with treatment cycles typically lasting between 30 and 45 days. To support ongoing care, the brand has also introduced a range of skincare products.
KorinMi’s products are manufactured in South Korea and tailored for Indian skin types and weather conditions. Previously, the startup had raised INR 3 crore from angel investors, including former Kaya Skin Clinic (UAE) CEO Vikas Agarwal.
