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The funds raised will be strategically deployed towards retail expansion and new product introductions across key channels such as marketplaces, quick commerce and offline retail
Women’s wellness and hygiene brand Nua has raised Rs 35 crore in a pre-series C round led by Mirabilis Investment Trust. The round also saw participation from distinguished investors including Samir Singh, EVP – Asia, Colgate Palmolive & Former Chair of Unilever SE Asia, Shuchi Kothari, Head of DSP Family Office and SRF Limited. The funds raised will be strategically deployed towards retail expansion and new product introductions across key channels such as marketplaces, quick commerce and offline retail. The Company has raised $21.5 million so far (including the current round) from leading investors including Lightbox VC (One of the earliest backers of Nua), Kae Capital, renowned actress Deepika Padukone and former Global President of Unilever, Vindi Banga.
Ravi Ramachandran, CEO & Co-founder, Nua says, “The past 12 months have been exceptional for Nua. Not only have we turned profitable but we have also grown over 2.5x in revenue. We reached an important milestone by becoming profitable in Q2, crossed Rs. 100 Cr net revenue ARR in Q3 and are now on track to reach Rs. 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.”