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Lumio raises $12M in Series A led by Blume Ventures to scale consumer electronics portfolio and expand retail presence.
Amount Raised
$12 Million
Round Type
Series A
IndiaManufacturingAudioInvestors
Description
Lumio, a consumer electronics manufacturer specializing in smart TVs, projectors, and speakers, raised $12 million in Series A funding led by Blume Ventures with participation from existing investors Stellaris Venture Partners and 3one4 Capital. The company plans to use the capital to invest in products and software, explore new categories, strengthen after-sales support, and expand its offline retail presence. Founded in 2024 by ex-Xiaomi India CBO Raghu Reddy and ex-Flipkart executive Kailash Sankaranarayanan, Lumio crossed ₹100 crore in GMV within 13 months of commercial sales. The brand differentiates itself through software, including an AI-powered content discovery engine called TLDR available in nine Indian languages.
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Funding Insights
What this usually meansLumio raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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