India, June 29 -- D2C femtech brand Nua is in talks to raise $20 Mn (about Rs.189 Cr) to $25 Mn (about Rs.236 Cr) in its Series C round, sources told Inc42.

The funding round will be led by Peak XV Partners, and is likely to see participation from existing investors Mirabilis Investment Trust, Kae Capital, among others, the sources added.

Questions sent to Nua and Peak XV Partners didn't elicit any response till the time of publication.

Nua last raised Rs.35 Cr (about $3.9 Mn) in its pre-Series C round from Mirabilis Investment Trust in February last year. Currently, Lightbox is the largest shareholder in Nua with a 42.2% stake, followed by cofounder Ravi Ramachandran with a 22% stake. While Kae Capital owns a 7% stake in the startup, ...