Fertility startup Luma Fertility raises $4 million from Peak XV’s Surge fund, others

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Here’s the structured information based on the provided details:

Startup Information

  • Startup Name: Luma Fertility
  • Founded by: Neha K Motwani

Fundraising Details

  • Funds Raised: $4 million
  • Funding Round: Unknown (likely Seed stage)
  • Date of Fundraising: Not specified in the text

Investors

  1. Lead Investor:
    • Investor Name: Peak XV’s Surge platform
    • Type: Venture Capital/Incubator
  2. Participating Investors:
    • Investor Name: Ameera Shah (Executive Chairperson of Metropolis Healthcare)
    • Investor Name: Vijay Taparia (Chairman of B2V Ventures)

Purpose of Funds

  • Use of Funds:
    • Open more fertility clinics in Mumbai
    • Expand to other cities over the next two years

Additional Information

  • Current Operations:
    • Location of Flagship Clinic: Mumbai’s Bandra West
    • Services offered: IVF, egg and embryo freezing, fertility assessments, pre-conception consultations, AI-enabled tool (LumaAI)

Commentary

  • Neha Motwani’s Background: Previously founded Fitternity, acquired by Cure.fit in 2021.
  • Market Insights: Increasing demand for fertility care in India, which is currently fragmented and outdated.

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2025-07-03 18:44:35