TT&A, CMS IndusLaw: Advise Nua $50M Series C Fundraise

• Lagom Labs Private Limited, operating as Nua, successfully raised $50 million in a Series C funding round.
• The investment was co-led by Peak XV Partners and Filter Capital India.
• TT&A advised Peak XV Partners, while CMS INDUSLAW provided counsel to Filter Capital India.
• Nua, a digital-first women's wellness brand, plans to expand beyond its core period-care offerings.
• This fundraise marks a significant growth milestone for Nua in the Indian market.

The Nua fundraise underscores investor confidence in the burgeoning women's wellness sector in India.

Lagom Labs Private Limited, operating under the brand Nua, has successfully concluded a substantial Series C fundraise, securing $50 million. This significant capital injection was co-led by prominent investors Peak XV Partners and Filter Capital India, marking a pivotal moment for the digital-first enterprise. The Nua fundraise underscores investor confidence in the burgeoning women's wellness sector in India.

Nua, recognized as a leading omnichannel brand, specializes in women's wellness products. This latest investment is poised to fuel the company's strategic expansion, moving beyond its foundational period-care offerings to encompass a broader spectrum of women's health and well-being solutions. The expansion signals Nua's ambition to solidify its position as a comprehensive platform in this growing market segment.

The complex Series C funding round involved robust legal representation for the participating investors. TT&A provided expert counsel to Peak XV Partners Growth Investments IV, guiding them through the intricacies of the investment. The TT&A team advising on this significant transaction included Partner Sachin Mehta and Partner Nikhil Bahl, alongside Managing Associate Garvita Mehrotra. Further support was rendered by Associates Dakshita Arora and Eshani Agarwal, with Ruchi Tripathi serving as Company Secretary. This engagement highlights TT&A's active role in major India venture capital deals.

Concurrently, CMS INDUSLAW acted as legal advisor to Filter Capital India for their involvement in the Nua fundraise. The CMS INDUSLAW team was spearheaded by Equity Partner Aakash Dasgupta. He was supported by Senior Associates Ravin Abhyankar, Anshul Bhuwalka, and Chandresh Goyal, as well as Associate Samriddhi Kabra. Strategic inputs for the transaction were also provided by Suneeth Katarki, a Founding & Senior Partner. The corporate secretarial aspects were managed by Ruhi Jain (Executive Director), Chetna Agarwal (Assistant Manager), and Fhareen Khan (Executive), showcasing the comprehensive legal support provided. This TT&A CMS IndusLaw deal precedent offers valuable insights for future Series C funding rounds.

The Peak XV Filter Capital Nua investment represents a crucial milestone in Nua’s developmental trajectory. This substantial capital infusion is expected to accelerate the brand's growth, enabling it to further innovate and expand its product lines within the women's wellness domain. The successful closure of this $50 million Series C round in India reflects a strong market appetite for consumer-focused health brands.

Nua's strategic move to broaden its offerings beyond core period-care products into a wider women's wellness platform is a key aspect of this fundraise. This expansion aligns with evolving consumer demands and positions the company for sustained growth in a dynamic market. The investment underscores the increasing importance of startup funding India women's wellness initiatives, signaling a robust and expanding sector for digital-first, omnichannel brands.

This deal provides a recent precedent for legal counsel advising on Series C funding rounds in the Indian startup ecosystem, particularly for consumer-focused or women's wellness brands. It also highlights the active roles of TT&A and CMS IndusLaw in advising investors on significant growth-stage investments.

Source: Original reporting via Bar & Bench