Latest news with #VijayTaparia
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Business Standard
a day ago
- Business
- Business Standard
Luma Fertility raises $4 mn in seed funding led by Peak XV's Surge
Mumbai-based fertility health-tech startup Luma Fertility has raised $4 million in seed funding, led by Peak XV's Surge, with participation from Ameera Shah (Metropolis Healthcare) and Vijay Taparia (B2V Ventures). The funding will help Luma expand its footprint in Mumbai and later scale into subsequent cities over the next two years. Ameera Shah, promoter and executive chairperson of Metropolis Healthcare, said, 'Fertility care in India is at an inflection point. Demand is growing rapidly, but the system is deeply fragmented and outdated. Patients are forced to navigate a maze of clinics, labs, and specialists with little coordination or support.' Founded by Neha K. Motwani, Luma Fertility's 6,000-square-foot facility houses a lab and offers comprehensive in-house fertility procedures. Luma is the first IVF clinic to launch an integrated app, allowing patients to track their treatment, access reports, and stay informed. Its AI-enabled tool, LumaAI, offers 24/7, jargon-free support on everything from cycle timelines to medication guidance. The global fertility services market is projected to reach $53 billion by 2030, driven by factors such as delayed parenthood, increasing age-related infertility, and declining global fertility rates. In India, the total fertility rate is at a historic low, declining from 2.1 to 1.9 births per woman. Over 33 million couples in the country face fertility challenges, with IVF cycles expected to grow from 320,000 in 2024 to 550,000 by 2028. As India's economy evolves and per capita income rises, there is significant latent demand for transparent, patient-centric, and tech-enabled fertility solutions, including egg and embryo freezing.
Economic Times
2 days ago
- Business
- Economic Times
FerTech startup Luma Fertility raises $4 million from Peak XV's Surge fund, others
Mumbai-based fertility-tech startup Luma Fertility has raised $4 million in a round led by Peak XV's Surge platform, which provides seed funding to startups. The round also saw Ameera Shah, executive chairperson of diagnostic company Metropolis Healthcare, and Vijay Taparia, chairman of venture capital firm B2V Ventures, participate. Luma Fertility will use the funds to open more full-stack fertility clinics in Mumbai and expand to other cities over the next two years. 'From my own experience and after speaking to hundreds of women, it became clear that fertility care in India is broken. It's optimised for systems, not people. At Luma, we've rebuilt it from the ground up—designed entirely around the patient,' said Neha K Motwani, the startup's founder, in a prepared statement. Motwani had earlier built fitness marketplace Fitternity, which was acquired by in 2021. Currently, the company has a 6,000 sq ft flagship clinic located in Mumbai's Bandra West. The clinic offers services such as in-vitro fertilisation (IVF), egg and embryo freezing, fertility assessments, and pre-conception consultations. It also has an AI-enabled tool, LumaAI, to assist patients.'Fertility care in India is at an inflection point. Demand is growing rapidly, but the system is deeply fragmented and outdated,' Metropolis Healthcare's Shah said in a statement.B2V Ventures' Taparia, added, 'Having backed Neha in her earlier venture, I've seen firsthand her ability to build with conviction and scale with integrity. Moreover, there is a clear need for consumer-first healthcare in India, especially in single-specialty verticals like fertility.'
Time of India
2 days ago
- Business
- Time of India
FerTech startup Luma Fertility raises $4 million from Peak XV's Surge fund, others
Mumbai-based fertility-tech startup Luma Fertility has raised $4 million in a round led by Peak XV's Surge platform, which provides seed funding to round also saw Ameera Shah, executive chairperson of diagnostic company Metropolis Healthcare , and Vijay Taparia, chairman of venture capital firm B2V Ventures, Fertility will use the funds to open more full-stack fertility clinics in Mumbai and expand to other cities over the next two years.'From my own experience and after speaking to hundreds of women, it became clear that fertility care in India is broken. It's optimised for systems, not people. At Luma, we've rebuilt it from the ground up—designed entirely around the patient,' said Neha K Motwani, the startup's founder, in a prepared statement. Motwani had earlier built fitness marketplace Fitternity, which was acquired by in the company has a 6,000 sq ft flagship clinic located in Mumbai's Bandra West. The clinic offers services such as in-vitro fertilisation (IVF), egg and embryo freezing, fertility assessments, and pre-conception consultations. It also has an AI-enabled tool, LumaAI, to assist patients.'Fertility care in India is at an inflection point. Demand is growing rapidly, but the system is deeply fragmented and outdated,' Metropolis Healthcare's Shah said in a statement.B2V Ventures' Taparia, added, 'Having backed Neha in her earlier venture, I've seen firsthand her ability to build with conviction and scale with integrity. Moreover, there is a clear need for consumer-first healthcare in India, especially in single-specialty verticals like fertility.'
