&w=3840&q=100)
Luma Fertility raises $4 mn in seed funding led by Peak XV's Surge
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 Demand is growing rapidly, but the system is deeply fragmented and outdated.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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
36 minutes ago
- Economic Times
Travel Food Services IPO subscribed 5% on day 1; Check GMP, price band and key details
On its debut, Travel Food Services' IPO garnered a modest 2% subscription, with retail investors showing slightly more interest at 3%. Non-institutional investors accounted for 1% of the uptake, while participation from Qualified Institutional Buyers is still awaited. Previously, the company secured Rs 599 crore from anchor investors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads About Travel Food Services IPO About the company The initial public offering (IPO) of Travel Food Services was subscribed 5% by 12:03 pm on the first day of bidding, Monday, July issue received bids for 6.25 lakh shares against 1.34 crore shares on offer. The retail investor portion was subscribed 8%, followed by 3% subscription in the non-institutional investor (NII) category. Qualified Institutional Buyers (QIBs) were yet to participate at the time of reporting. The employee reserved quota saw a 25% of the public issue, the company raised Rs 599 crore from anchor investors by allocating 54,43,635 equity shares at Rs 1,100 apiece on Friday, July anchor investors include ICICI Prudential Mutual Fund, Abu Dhabi Investment Authority, Axis Mutual Fund, Kotak Mutual Fund, HDFC Life Insurance , Fidelity, SBI General Insurance, and Tata AIA Life Insurance, among company has set the price band for the IPO at Rs 1,045 to Rs 1,100 per share. The issue is a 100% offer for sale (OFS), with no fresh equity being can place bids for a minimum of 13 equity shares and in multiples of 13 per the offer structure, 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors , and 15% for Non-Institutional Investors (NIIs).Promoted by UK-based SSP Group plc and the Kapur Family Trust, Travel Food Services operates India's largest airport food and lounge network, with 413 outlets, of which 384 are located at airports across 14 Indian cities. It also runs 37 airport lounges, including 28 private ones, making it the largest lounge operator in company also operates internationally at three airports—two in Malaysia and one in Hong FY25, Travel Food Services reported a 27.4% year-on-year rise in profit to Rs 379.7 crore, while revenue grew 20.9% to Rs 1,687.7 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
38 minutes ago
- Time of India
Travel Food Services IPO subscribed 5% on day 1; Check GMP, price band and key details
The initial public offering (IPO) of Travel Food Services was subscribed 5% by 12:03 pm on the first day of bidding, Monday, July 7. The issue received bids for 6.25 lakh shares against 1.34 crore shares on offer. The retail investor portion was subscribed 8%, followed by 3% subscription in the non-institutional investor (NII) category. Qualified Institutional Buyers (QIBs) were yet to participate at the time of reporting. The employee reserved quota saw a 25% subscription. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Brought to you by Undo Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% Ahead of the public issue, the company raised Rs 599 crore from anchor investors by allocating 54,43,635 equity shares at Rs 1,100 apiece on Friday, July 4. Notable anchor investors include ICICI Prudential Mutual Fund, Abu Dhabi Investment Authority, Axis Mutual Fund, Kotak Mutual Fund, HDFC Life Insurance , Fidelity, SBI General Insurance, and Tata AIA Life Insurance, among others. Live Events About Travel Food Services IPO The company has set the price band for the IPO at Rs 1,045 to Rs 1,100 per share. The issue is a 100% offer for sale (OFS), with no fresh equity being issued. Investors can place bids for a minimum of 13 equity shares and in multiples of 13 thereafter. As per the offer structure, 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors , and 15% for Non-Institutional Investors (NIIs). About the company Promoted by UK-based SSP Group plc and the Kapur Family Trust, Travel Food Services operates India's largest airport food and lounge network, with 413 outlets, of which 384 are located at airports across 14 Indian cities. It also runs 37 airport lounges, including 28 private ones, making it the largest lounge operator in India. The company also operates internationally at three airports—two in Malaysia and one in Hong Kong. Travel Food Services financials In FY25, Travel Food Services reported a 27.4% year-on-year rise in profit to Rs 379.7 crore, while revenue grew 20.9% to Rs 1,687.7 crore.
Fashion Value Chain
42 minutes ago
- Fashion Value Chain
Aisle Founder Launches Heyyy – A Link-in-Bio Social Network
Jamm Labs, the company behind community-first social innovations announces the launch of Heyyy, a first-of-its-kind link-in-bio social network that transforms static social profiles into active, intent-driven spaces for real-world connection. Founded by Able Joseph, the creator of Aisle – India's leading dating app later acquired by InfoEdge, designed Heyyy to help users turn their online presence into meaningful opportunities. Whether you are looking for a roommate, co-founder, collaborators, or simply sharing passion projects, Heyyy bridges the gap between visibility and genuine connection. Heyyy – A Link-in-Bio Social Network Unlike traditional platforms that prioritize content, Heyyy is built around context. Through its innovative Contextual DMs, users can state their intent clearly, whether on hiring, selling, planning something, or just looking to connect. Every message comes with built-in context, eliminating awkward introductions and making conversations feel more natural and purposeful. Heyyy also enables offline connection through its built-in event tools, making it easy to host house parties, meetups, gigs, or spontaneous gatherings. The platform simplifies planning with features like attendee management, chat, and privacy controls, all within one space. Users can also showcase who they are and what they are working on through shareable links, portfolios, and project pages – all housed in one sleek profile. Once a Heyyy profile is live, users can share it across Instagram, X, LinkedIn, or any platform of choice. Followers are notified in real time when new links, updates, or events are posted, making engagement timely and relevant. 'Heyyy turns social media visitors into collaborators, clients, teammates, or friends. We didn't build it for attention – we built it for action. It's for people who want to create momentum in life, whether that's through creativity, community, or a spontaneous plan,' said Able Joseph, Founder of Jamm Labs. Heyyy is now available on the App Store and Play Store. Users can claim their link-in-bio, customise their profile, and start turning followers into a connected, active community. About Jamm Labs Jamm Labs is a Bangalore-based startup focused on building social products rooted in intention and community. Founded by Able Joseph, Jamm Labs is behind platforms like Jamm – a social health tech app for oï¬ine group plans – and Heyyy, its latest launch focused on turning context into connection.
