Dr Vivek Eranki
Stormeur Limited

Dr Vivek Eranki

Executive Chairman
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 and laser hair removal clinics founded in Western Australia in 2017, and currently operating 17 clinics across five Australian states it is 100% owned by Stormeur Ltd

Stormeur is undergoing an Initial Public Offering (IPO) to raise AUD $6 million with funds primarily earmarked to support expansion plans, which include opening new clinics plus the pursuit of complementary acquisitions in the health and beauty sector.

The Australian cosmetic injectables market was valued at USD $2.77 billion in 2023, with the laser hair removal market valued at USD $1.84 billion, both expected to see continued growth.

The company’s growth strategy includes expanding its clinic footprint in key states such as New South Wales and Victoria, focusing on suburban areas with a younger demographic that is shown to achieve faster

financial maturity. Led by Dr. Vivek Eranki, the leadership team has a proven track record of driving 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.