D2C femtech brand Nua is in discussions to raise between $20 million and $25 million in its Series C funding round, according to inc42.com. The round is expected to be led by Peak XV Partners with participation from existing investors including Mirabilis Investment Trust and Kae Capital. Nua last raised approximately $3.9 million in a pre-Series C round in February 2025.
Founded in 2017 by Ravi Ramachandran and Abhishek Ramanathan, Nua offers a range of women’s health and hygiene products such as sanitary pads, cramp relief, intimate wash, and period nutrition drinks. The company sells through its own website and major ecommerce platforms like Amazon, Flipkart, and Zepto. Lightbox currently holds the largest stake at 42.2%, followed by cofounder Ramachandran with 22%, Kae Capital with 7%, and Mirabilis with 6.3%, inc42.com reported.
The Indian femtech market is growing rapidly, driven by rising incomes and increased consumer awareness. It is projected to grow at a compound annual growth rate of 15.7% from 2026 to 2034, reaching $5.5 billion by the end of the period. Nua competes with brands such as Plush, Azah, Pee Safe, and Carmesi in this expanding sector, which is attracting increasing investor interest, according to inc42.com.
Nua claims to have over 1.5 million customers and aims to leverage the new funding to scale its product offerings and market reach. The company’s Series C round is ongoing, with no official closure date announced, inc42.com stated.