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 cust