Funding · 7 October 2026Lumio$12M (about ₹102.5 crore)Smart TV and home entertainment brandlumio.co.in ↗
Lumio raises $12M Series A led by Blume
By Abha Lohia ·
- Lumio, the smart TV, projector and speaker brand run by Circuit House Technologies, has raised $12 million in a Series A round
- Blume Ventures led it, and earlier backers Stellaris Venture Partners and 3one4 Capital put in money again
- The cash goes into products and software, new categories, after-sales service and its first offline stores; it says gross sales passed ₹100 crore in 13…
What happened
- Lumio raised $12 million (about ₹102.5 crore) in a Series A.
- Blume Ventures led; Stellaris and 3one4 Capital came back in.
- Uses: product and software work, new categories, after-sales support and a first offline retail push.
Why it matters
- Lumio says it crossed ₹100 crore GMV within 13 months of sales.
- GMV for April–August 2026 was more than three times a year earlier, it says.
- It is betting on software to stand apart from older TV brands.
The business
- Makes smart TVs, projectors and speakers; first TVs came out in early 2025.
- Built TLDR, an AI content-discovery feature in nine Indian languages.
- Says it serves over 35,000 homes across 5,000+ pin codes.
The founders
RR
Raghu Reddy
Co-founder- Former chief business officer, Xiaomi India
KS
Kailash Sankaranarayanan
Co-founder- Former Flipkart executive
Who put in money
- Blume Ventures Lead investor
- Stellaris Venture Partners Existing investor
- 3one4 Capital Existing investor
What happens next
- Offline stores where buyers can try products before purchase.
Earlier rounds
- Seed: $4.3M (Jul 2024) from Stellaris, 3one4 Capital and angels incl. Varun Alagh
Up against
SamsungLGSonyXiaomi
Terms in this story
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Series A: Series A is usually the first large round a startup raises from venture capital funds, after it has shown that people want what it sells.
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