Funding · Commerce & Consumer Brands
Nua raises $50 million in Series C funding
By Startup Enthusiast ·
- Date
- Company
- Nua
- What it does
- Women's wellness and hygiene products
- Kind
- Funding
- Amount
- $50 million
- Stage
- Series C
- Based in
- Mumbai
- Founded
- 2017
What they do
Nua sells period care, maternity care, and intimate wellness products through online channels and physical retail stores
What happened
The company raised $50 million in a Series C round led by Peak XV Partners and Filter Capital
Why it matters
Its revenue run rate grew five times in two years, from ₹100 crore to ₹500 crore, and the company is still profitable
The details
- Nua raised $50 million in a Series C funding round led by Peak XV Partners and Filter Capital.
- The round includes both a primary raise (new capital for the company) and a secondary sale (existing shareholders selling stakes).
- Early investors Kae Capital and Lightbox VC used the secondary sale to partially cash out their holdings.
- The company plans to use the funds to strengthen its brand, expand distribution, and invest in research and development.
- Nua claims to reach over 3 million women and girls every month through its products and digital services.
- The company reported scaling its annualised revenue run rate from ₹100 crore to ₹500 crore in 24 months.
The bigger picture
- Nua grew its annualised revenue run rate five times in 24 months, from ₹100 crore to ₹500 crore, and stayed profitable while doing it.
- Lead investor Peak XV calls it the fastest-growing brand in the category and the second-largest online player.
- The secondary sale gave early backers Kae Capital, Lightbox VC and angels a partial exit, a sign of returns in consumer brands.
About the business
- Nua offers a range of products including period care, maternity care, and intimate wellness items.
- The company operates an omni-channel model, selling products through its website and physical retail stores.
- It provides digital services such as a period-tracking app and an anonymous chat service called SecretKeeper.
- The brand focuses on addressing specific needs like reducing skin irritation in its period care products.
- Nua targets young women and girls with a brand identity centered on wellness and health education.
What happens next
- The company aims to expand its distribution network and reach.
- Nua plans to develop a broader portfolio of products and digital services.
The deal
- Type
- funding
Investors
- Peak XV Partners (lead) — A venture capital firm focused on investing in high-growth startups.
- Filter Capital (lead) — A growth-stage investment firm backing consumer and technology businesses.
- Mirabilis Investment Trust (existing) — An investment firm that previously led the company's pre-Series C round.
- Footpath Ventures (existing) — An investment firm participating as an existing shareholder.
Founders
- Ravi Ramachandran, Founder & CEO
- Abhishek Ramanathan, Co-founder and COO
About Nua
- Product
- A women’s wellness product portfolio covering period care, maternity care, and everyday intimate wellness.
- Customers
- Women and girls buying personal wellness and hygiene products.
- How it makes money
- Sells consumer wellness products through online and omnichannel distribution.
- What sets it apart
- Positioned as a women’s wellness and femtech brand with a broad category mix.
- Operations
- Operates as an omnichannel brand expanding distribution and reach across India.
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