Lumio raises $12 million Series A to scale consumer electronics portfolio
Lumio secured $12 million in a Series A funding round led by Blume Ventures, with Stellaris Venture Partners and 3one4 Capital also participating. Founded in 2024 by former Xiaomi India CBO Raghu Reddy and ex-Flipkart executive Kailash Sankaranarayanan, the company launched its first smart TV lineup in early 2025 and now offers projectors and speakers. Lumio says it serves over 35,000 households across more than 5,000 pin codes and has crossed ₹100 crore in gross merchandise value within 13 months of commercial sales.
The fresh capital will be used to invest in product development, software enhancements, new category exploration, and to strengthen quality and after‑sales support as the business grows.
“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,” Raghu Reddy said.
“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,” Sajith Pai said.
Before the Series A, Lumio had raised a $4.3 million seed round in July 2024 from Stellaris Venture Partners, 3one4 Capital, Mamaearth’s Varun Alagh, Tracxn’s Abhishek Goyal and other angel investors.
What we know
Lumio raised $12 million in a Series A funding round led by Blume Ventures with participation from Stellaris Venture Partners and 3one4 Capital.
Lumio was established in 2024 by ex-Xiaomi India CBO Raghu Reddy and ex-Flipkart executive Kailash Sankaranarayanan.
Lumio launched its first smart TV lineup in early 2025 and has since expanded its hardware portfolio to include projectors and speakers.
Lumio currently serves over 35,000 households across more than 5,000 pin codes.
Lumio has crossed ₹100 crore in gross merchandise value within 13 months of commercial sales.