Nua Raises $50 Mn To Expand Women’s Wellness Portfolio, Distribution
Omnichannel femtech startup Nua has raised $50 Mn (around ₹472 Cr) in its Series C funding round led by Peak…
Nua, an omnichannel femtech startup, has successfully raised $50 million in its Series C funding round, led by Peak XV Partners and Filter Capital. The additional capital will be utilized for brand building, expanding distribution networks, and enhancing research and development efforts as the company develops a broader women's wellness product range.
The latest funding brings Nua's total financing to $65 million. Nua, founded in 2017 by Ravi Ramachandran and Abhishek Ramanathan, specializes in period care, maternity care, skincare, and intimate care products. The Mumbai-based company currently serves over 3 million women and girls monthly through its website and platforms like Amazon, Flipkart, and Zepto.
The startup's revenue has increased fivefold to ₹500 crore over the past year, with CEO and co-founder Ramamchandran attributing this growth to profitability. Nua's competition includes Plush, Azah, Pee Safe, and Carmesi, and the funding comes as investor interest in India's femtech and women's wellness sector grows.
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