Lumio Raises $12 Mn To Scale Consumer Electronics Portfolio

Consumer electronics manufacturer Lumio raised $12 Mn (around ₹102.5 Cr) in a Series A funding round led by Blume Ventures, with participation from existing backers Stellaris Venture Partners and 3one4 Capital.

“This funding gives us the opportunity to invest further in our products and software, explore new categories, and strengthen quality and after-sales support as we grow,” said cofounder Raghu Reddy in a social media post. 

The startup also plans to expand its retail presence, enabling customers to see and try its products offline before making a purchase. 

“India’s 3-3.5 Cr affluent households are reimagining their living rooms, and no longer default to legacy brands. Raghu and Kailash have leveraged their deep experience in home entertainment and customer insights to create a compelling home entertainment brand in Lumio,” said Sajith Pai, partner, Blume Ventures. 

Established in 2024 by ex-Xiaomi India CBO Reddy and ex-Flipkart exec Kailash Sankaranarayanan, Lumio launched its first smart TV lineup in early 2025 and has since expanded its hardware portfolio to include projectors and speakers. 

Aside from its catalogue, it has also created an AI-powered personalised content discovery engine called TLDR backed by multiple patent filings and available in nine Indian languages. 

The brand aims to leverage software as its differentiator from legacy electronics makers. 

To enhance speed and performance of their smart TVs, Lumio also compliments its products with high-performance SoC for rapid app launches, ample RAM to prevent slowdowns during multitasking, and a fine-tuned network chipset for stable connectivity in variable Indian internet conditions.

Lumio currently claims to serve over 35,000 households across 5,000+ pin codes. It claims to have crossed ₹100 Cr in GMV within 13 months of commercial sales, more than tripling its GMV YoY for the April-August period in 2026.. 

Prior to this, it had raised a $4.3 Mn seed funding round in July 2024 from Stellaris Venture Partners, 3one4 Capital, Mamaearth’s Varun Alagh, and Tracxn’s Abhishek Goyal, as well as other angel investors. 

The startup competes with established players like Samsung, LG, Sony, and Xiaomi in India’s consumer electronics market, which is estimated to grow at 6.6% CAGR over the next eight years to reach $158.4 Bn by 2034. 

The post Lumio Raises $12 Mn To Scale Consumer Electronics Portfolio appeared first on Inc42 Media.