Startup Stories
Founded by Raghu Reddy and Kailash Sankaranarayanan, Lumio offers smart TVs, projectors and speakers. The company says it crossed ₹100 crore in GMV within 13 months of commercial sales and now serves more than 35,000 households across 5,000+ pin codes.
The fresh capital will be used to invest in product development and software, expand into new consumer electronics categories, strengthen after-sales support and grow the company’s team. Lumio also plans to establish an offline retail presence, allowing customers to experience its products beyond digital channels.
Why It Matters
Lumio’s rapid GMV growth and expansion beyond smart TVs and projectors highlight the opportunity for Indian consumer-tech brands to challenge established players through product innovation, software-led experiences and an increasingly omnichannel approach.
