Nua has closed a $50 million funding round led by Peak XV Partners and Filter Capital, with most of the capital coming through secondary transactions. The women’s wellness brand plans to use the funds for brand building, expanding distribution and strengthening R&D, as it scales its product portfolio and competes with legacy and new-age brands.

Nua has closed a $50 million funding round led by Peak XV Partners and Filter Capital, with most of the capital coming through secondary transactions. The women’s wellness brand…

Nua will use the funding towards its next phase of growth as it aims to reach Rs 500 crore in annualised revenue in the next two years from Rs 100 crore now.