Funding · Enterprise Software & IT

Lumiq raises ₹50 crore in Series B led by Bajaj Finserv Ventures with Info Edge

What they do

Lumiq is an AI and data analytics platform focused on the banking, financial services, and insurance (BFSI) sectors

The company raised ₹50 crore in a Series B round led by Bajaj Finserv Ventures with participation from existing investor Info Edge

The funding will be used to support expansion, product development, and meet growing operational needs

Lumiq, a Noida-based AI and data analytics platform, raised ₹50 crore in a Series B funding round.
The round was led by Bajaj Finserv Ventures with an investment of ₹45 crore.
Existing investor Info Edge participated with an additional ₹5 crore.
This is Lumiq’s first funding round in nearly four years, following its $5.5 million Series A raise in 2022.
The fresh funding values Lumiq at around ₹440 crore post-money, a 38% increase from its previous valuation of ₹320 crore.
The proceeds will be used to support expansion, product development, and meet growing operational needs.
Lumiq’s flagship product, emPower, helps banks, insurers, and other financial institutions build and manage data platforms.

Lumiq has delivered over 40 implementations globally and employs more than 350 data and AI specialists.
The company’s operating revenue grew marginally to ₹71.79 crore in FY25 from ₹68.78 crore in FY24.
However, losses widened to ₹21.64 crore in FY25 from ₹8.30 crore in FY24.
Lumiq is yet to file its financial statements for FY26.

Lumiq provides AI and data analytics solutions tailored for the BFSI sector.
Its flagship product, emPower, helps financial institutions manage data platforms, governance, regulatory reporting, and fraud detection.
The company operates in Noida, Chennai, Pune, and New Jersey.
Lumiq has a team of over 350 professionals focused on data operations.
The company claims to have delivered over 40 implementations globally.

Lumiq plans to use the funding to accelerate product development and expand its client acquisition strategies.
The company aims to strengthen its competitive position against global players in the financial services data intelligence market.

Bajaj Finserv Ventures (lead) — The investment arm of Bajaj Finserv, a major Indian financial services conglomerate.
Info Edge (existing investor) — Existing investor in Lumiq, contributing ₹5 crore to the Series B round.