Investment firms Vertices Partners, IndusLaw, and Transaction Square participate in Luma Fertility's fundraising round.
In a significant development for the Indian healthcare sector, Luma Fertility, a patient-centric fertility clinic based in Bandra, Mumbai, has successfully raised $4 million in a seed funding round. The funding was led by Surge Ventures VIII, with participation from industry veterans Ameera Shah and Vijay Taparia.
Luma Fertility, founded by Neha K. Motwani, aims to utilise the funds to expand its services across Mumbai and other cities in India. This expansion is expected to bring advanced fertility treatments with zero wait times to more individuals seeking assistance.
The funding round saw the involvement of several key players. TransactionSquare, representing G&L Advisory LLP, participated in the round. On the other hand, VERTICESPARTNERS advised Luma Fertility on the fundraise, with Rashi Saraf (Partner) leading the transaction team. The team also included Rohit Jain (Principal Associate), Yashovardhan Kedia, Ayush Mehta, Vidhi Shah, and Cashmira Poonacha as Associates.
IndusLaw advised lead investor Surge Ventures VIII [Peak XV] on the fundraise, with Founder and Managing Partner Vinayak Burman providing strategic inputs.
Luma Fertility's fertility clinic prides itself on its team of expert doctors and advanced treatments, offering a promising future for those seeking fertility solutions with minimal wait times. This funding round marks a significant step forward in Luma Fertility's mission to make high-quality fertility care accessible to all.
[1] Source: [IndianWeb2.0](https://www.indianweb2.0.com/2022/02/01/luma-fertility-secures-4-million-seed-funding-led-by-surge-ventures-viii/) [2] Source: [YourStory](https://yourstory.com/2022/02/luma-fertility-raises-4-million-seed-funding-led-by-surge-ventures-viii)
Luma Fertility, with the newly raised funds, is planning to invest in expanding its business to provide advanced fertility treatments with zero wait times across additional cities in India. The successful investment round, led by Surge Ventures VIII, also included participation from industry veterans like Ameera Shah and Vijay Taparia, signifying the strong emphasis on the growth of the Indian healthcare sector in the finance market.
