Deals · Updated 7 Oct, 05:49 pm IST
Lumio raises $12M Series A to scale consumer electronics business
Why it matters for readers: Explains why you might soon see Lumio products in physical stores and more product updates.
- Lumio raised $12 million in a Series A round led by Blume Ventures, with participation from Stellaris Venture Partners and 3one4 Capital.1
- The company says it crossed ₹100 crore in GMV within 13 months of commercial sales.1
- Funds will be used to invest in products and software, expand into new categories, strengthen quality and after-sales support, and launch offline retail presence.1
- Lumio was founded in 2024 by ex-Xiaomi India CBO Raghu Reddy and ex-Flipkart exec Kailash Sankaranarayanan and launched its first smart TV lineup in early 2025.1
Get a brief like this every morning
Uzha reads hundreds of sources and gives you the stories that matter for your work, with every source linked. Free.
Get started