MarketOpen Podcast Episode 114 - Stormeur Limited

Joining the podcast today is Dr Vivek Eranki, Executive Chairman at Stormeur Limited. Cosmetique is a rapidly growing network of non-surgical injectable andlaser hair removal clinics founded in Western Australia in 2017, andcurrently operating 17 clinics across five Australian states it is 100%owned by Stormeur LtdStormeur is undergoing an Initial Public Offering (IPO) to raise AUD $6million with funds primarily earmarked to support expansion plans,which include opening new clinics plus the pursuit of complementaryacquisitions in the health and beauty sector.The Australian cosmetic injectables market was valued at USD $2.77billion in 2023, with the laser hair removal market valued at USD $1.84billion, both expected to see continued growth.The company’s growth strategy includes expanding its clinic footprint inkey states such as New South Wales and Victoria, focusing on suburbanareas with a younger demographic that is shown to achieve fasterfinancial maturity.Led by Dr. Vivek Eranki, the leadership team has a proven track record ofdriving growth and maintaining high standards in patient care.He holds qualifications in Finance, Business, Governance, and Medicine, and has an extensive track record as a CEO in the Health, Wellness, and Personal Services industry. Dr. Eranki has retired from medical practice to now focusing exclusively on Directorial and Executive roles.Dr. Eranki has founded, scaled, and successfully exited ventures in various sectors, including Allied Health, Occupational Health, General and Specialist Healthcare, and the Cosmetic and Beauty Sector.He frequently acts as a spokesman for these industries.