Private Equity PE-VC Fund Investments
Fertility clinic operator Luma raises $4-M from Peak XV’s Surge fund, others
Source Luma Fertility (opens in a new tab)Economic Times (opens in a new tab)
Mumbai-based Luma Fertility has raised USD 4 million in a round led by Peak XV’s Surge platform. The round also saw participation from Ameera Shah, executive chairperson of diagnostic company Metropolis Healthcare, and Vijay Taparia, chairman of venture capital firm B2V Ventures.The new funds will be used by Luma to open more full-stack fertility clinics in Mumbai and expand to other cities over the next two years.Founded in 2024 by Neha K Motwani, Luma Fertility offers services such as in-vitro fertilisation (IVF), egg and embryo freezing, fertility assessments, and pre-conception consultations. Currently, the company has a 6,000 sq ft flagship clinic located in Mumbai’s Bandra West.