Nua raises Rs 35 crore in funding round led by Mirabilis Investment Trust

Nua, a Mumbai-based women’s wellness and hygiene brand has raised Rs 35 crore ($4 million) in a funding round led by Mirabilis Investment Trust.

Investors Samir Singh, Shuchi Kothari, and SRF Limited also participated in the funding round.

The company will utilise the funds to expand its omnichannel presence and diversification of product portfolio.

Commenting on the funding, Ravi Ramachandran, CEO co-founder of Nua in a statement said, “We reached an important milestone by becoming profitable in Q2, crossed Rs 100 crore net revenue ARR in Q3 and are now on track to reach Rs 150 crore 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.”

Srinivas Seshadri, head of investments at Mirabilis Investment Trust added, “We look forward to a great journey with Nua in reshaping the menstrual health landscape in our country. The team has demonstrated exceptional growth and a clear path to sustained profitability, while serving a greater purpose.”

Founded by Ramachandran in 2016, Nua retails its products through its website as well as on various e-commerce platforms such as Zepto, Amazon, and Flipkart.