The round is led by Mirabilis Investment Trust
The round saw participation from a host of investors, including Colgate Palmolive’s Samir Singh and Shuchi Kothari, director at DSP family office.
The Mumbai-based startup plans to deploy the fresh capital for retail and product line expansion across marketplace, quick commerce and offline stores.
Femtech D2C brand Nua
has raised INR 35 Cr (around $3.9 Mn) in a Pre-Series C funding round led by Mirabilis Investment Trust.
The round also saw participation from a host of investors, including Colgate Palmolive’s Samir Singh and Shuchi Kothari, director at DSP family office.
The Mumbai-based startup plans to deploy the fresh capital for retail and product line expansion across marketplace, quick commerce and offline stores.
“We reached an important milestone by becoming profitable in Q2, crossed INR 100 Cr net revenue ARR in Q3 and are now on track to reach INR 150 Cr net revenue ARR in the next quarter. The capital raised in the current round will accelerate our journey to achieving the growth milestones we have set for ourselves,” Nua cofounder and chief executive officer Ravi Ramachandran said.
The company claims to have raised $21.5 Mn (around INR 188 Cr) so far from investors, including Lightbox VC, Kae Capital, actress Deepika Padukone and former global president of Unilever, Vindi Banga.
(The story will be updated soon)
