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Deepika Padukone-backed wellness brand Nua raises Rs 35 Cr

EntrackrEntrackr ยท 5m ago
Deepika Padukone-backed wellness brand Nua raises Rs 35 Cr
Medial

Womenโ€™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 investors, including Samir Singh and Shuchi Kothari. The Mumbai-based company has raised $21.5 million so far (including the current round) from its existing investors, including Lightbox VC, Kae Capital, actress Deepika Padukone, and Vindi Banga. The proceeds will be utilized for retail expansion and the introduction of new products across key channels such as marketplaces, quick commerce, and offline retail, Nua stated in a press release. Launched in 2017 by Abhishek Ramanathan, Nua is a digital-first womenโ€™s wellness company focused on developing holistic and personalized solutions for real challenges women face. Beginning with innovative, toxin-free sanitary pads, the company has since expanded its product range to include period panties, intimate hygiene products, cramp-care solutions, postpartum care, and products for managing cyclical acne. Nua prioritizes creating a superior and holistic experience for women by offering safe, high-quality products, engaging content, and fostering a strong communityโ€”key factors that have helped differentiate it in a rapidly growing market. The company will continue investing in new products, content, and emerging channels to accelerate its momentum over the next 6โ€“8 quarters.

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Exclusive: Deepika Padukoneโ€™s D2C startup 82ยฐE set to raise new capital

EntrackrEntrackr ยท 1y ago
Exclusive: Deepika Padukoneโ€™s D2C startup 82ยฐE set to raise new capital
Medial

Direct to consumer personal care startup 82ยฐE is set to mop up Rs 50 crore or $6 million in the extension of its seed round from new and existing investors. This will be the first round of investment for the Deepika Padukone-led company this year. The board at 82ยฐE passed a special resolution to issue 50,00,000 series seed 2 CCPS at an issue price of Rs 100 each to raise 50 crore, its regulatory filing accessed from the Registrar of Companies (RoC) shows. KA Enterprises LLP, an investment entity owned by Deepika Padukone and her family, is slated to participate in the round, while other investors may join them. According to the filings, the new funds will be allocated for expansion, growth, and general corporate purposes. The company last raised $7.5 million in its seed round led by DSG Partner and IDEO Ventures along with Padukoneโ€™s family office in December 2022. According to startup data intelligence platform TheKredible, Padukone along with her family office holds 59.6% followed by actor Ranveer Singh who commands 5.32% of the company. Launched in 2022 by Padukone and Jihar Shah, 82ยฐE is a skin and body care brand for both men and women that offers a wide range of products including cleansers, face masks, moisturizers, sunscreen, and more. 82ยฐE displayed significant growth during the first nine months of FY24. Its revenue from operations stood at Rs 22.82 crore between March 2023 and December 2023. For context, the company collected Rs 11 crore in its operating income in FY23. The firm remained in the red with Rs 25.1 crore at EBITDA level in the same period (March 2023 to Dec 2023). 82ยฐE competes with many brands including Plum, mCaffeine, Wow Skin Science and public company Mamaearth.

Power Gummies raises Rs 10 Cr led by Jaipuria Family Office and Quadrant

EntrackrEntrackr ยท 7m ago
Power Gummies raises Rs 10 Cr led by Jaipuria Family Office and Quadrant
Medial

Power Gummies, a gummies brand, has raised Rs 10 crore in its bridge round led by the Jaipuria Family Office and Quadrant. 100unicorn, DSGCP, Wipro Consumer, Venture Catalysts, Agility, Sharrp Ventures, Dhianu Das, and NB Ventures have also participated. Earlier in January 2022, Power Gummies had raised $6 million in Series A funding led by 9Unicorns and others. The proceeds will be used to enable the brand to become completely sugar-free in its products, followed by expansion into no-added sugar products and an upgraded composition in the existing range. Founded in 2018 by founder Divij Bajaj, Power Gummies focused on offering health and wellness solutions to meet today's lifestyle. The brand claims to have unique formulations backed by World Health Organisation (WHO) standard clinical trials, creating products through robust R&D while following sustainable manufacturing practices. The New Delhi-based startup is now expanding its focus by introducing a wide range of holistic wellness products under its parent company, Aesthetic Nutrition, which will now serve as the primary brand for these offerings. The lineup includes a Hair Growth Styling Serum, an All-in-One Face Serum, a Korean Collagen Peptide beauty drink, and convenient Daily Fiber Sachets to improve digestive health. It also features tailored protein supplements and vitality products designed specifically for men and women.

Man Matters-parent Mosaic Wellness clocks Rs 333 Cr revenue in FY24

EntrackrEntrackr ยท 5m ago
Man Matters-parent Mosaic Wellness clocks Rs 333 Cr revenue in FY24
Medial

Mosaic Wellness, the parent firm of Man Matters, Boywise, and Little Joys, recorded over 61% year-on-year growth in its operating scale and crossed the Rs 300 crore revenue threshold in the last fiscal year. The firm also narrowed losses by 37% in FY24. Mosaic Wellnessโ€™ revenue from operations surged to Rs 333 crore in FY24 from Rs 206 crore in FY23, according to its consolidated annual financial statements sourced from the Registrar of Companies. Founded in 2020 by Revant Bhate and Dhyanesh Shah, Mosaic Wellness is a digital-first consumer health platform that runs three separate brands for men, women, and kids. Its flagship brand ManMatters offers solutions across derma, sexual health, hygiene, and nutrition. The sale of health and wellness products was the only source of income for Mosaic Wellness in FY24. It also added Rs 8 crore from the interest on deposits and gain on sale on investments, bringing its total revenue to Rs 342 crore in FY24. Mosaic Wellness's advertising cost increased to Rs 138 crore in FY24, marking a 38% year-on-year increase. Its procurement costs grew 52% to Rs 93 crore, while employee benefits rose by 33% to Rs 52 crore. Other expenses, including commissions, packaging, legal, and overheads, increased, bringing total expenses to Rs 380 crore in FY24. Despite expenses, Mosaic Wellness managed to reduce its losses by 37% to Rs 39 crore in FY24, compared to Rs 62 crore in FY23. Its ROCE and EBITDA margin improved to -24.2% and -10.8%, respectively. The company reported total current assets of Rs 188 crore, including Rs 61 crore in cash and bank balances by the end of FY24. Mosaic Wellness has raised over $35 million to date, including $24 million in a Series A round led by Peak XV, along with existing investors Elevation Capital and Matrix Partners India. The company is reportedly in talks to raise a new round. In a market revitalized by HULโ€™s acquisition of Minimalist, attention has turned to firms like Mosaic Wellness that have scaled past Rs 300 crore in revenue. The company should feel confident having crossed this threshold and having the runway to explore further funding or other strategic avenues.

That Sassy Thing raises Rs 6 Cr in seed round led by IPV

EntrackrEntrackr ยท 3m ago
That Sassy Thing raises Rs 6 Cr in seed round led by IPV
Medial

That Sassy Thing, a women-first sexual wellness brand, has raised Rs 6 crore in its seed round led by Inflection Point Ventures (IPV). Other participants include Bala Sarda (Vahdam Teas), Saurabh Munjal (Lahori Zeera), Kirti Jangra (Animall Technologies), and Chandigarh Angels Network. Founded in 2021 by Sachee Malhotra and Himanshu Bhalla, the company offers products like full-body massagers, lubricants, and intimate washes. It also provides free sex education through online masterclasses. The proceeds will be used to expand product lines, improve brand positioning, and increase distribution through new channels. The startup claims to have seen 200% year-on-year growth and served over 50,000 customers across India. Products are available on their website and platforms like Blinkit, Zepto, and Swiggy Instamart, as well as select cafรฉs in Delhi NCR. According to market research, the Indian sexual wellness market is expected to reach Rs 24,000 crore by 2030.

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