Consumer tech brand Lumio raises $12M led by Blume Ventures
Lumio will use this funding towards R&D, product branding and hiring of talent.
Consumer tech brand Lumio has secured $12 million in Series A funding led by Blume Ventures, with participation from existing investors Stellaris Venture Partners and 3one4 Capital. The funding will be utilized for expanding the Lumio brand, research and development, and hiring talent. Lumio, launched in 2025, offers smart TVs, projectors, and speakers, and has already captured the attention of over 35,000 households across 5,000+ pin codes in India.
In just 13 months, the company has achieved Rs 100 crore in gross merchandise value (GMV). Kailash Sankaranarayanan, Co-founder and COO of Circuit House Technologies, expressed excitement about investing in the brand and R&D to bring new categories and devices to the home. The company plans to expand into new categories and devices for the home segment, establish an offline retail presence, and increase its headcount to provide wider after-sales coverage.
Sajith Pai, Partner at Blume Ventures, highlighted the company's mission to transform the living room experience, commending the founders' deep experience in home entertainment and customer insights. The backing of existing investors and the addition of Blume Ventures serves as a strong endorsement of Lumio's vision and rapid growth.
Written by urgent.news from YourStory's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
