Blume backs Lumio in $12M Series

What did Lumio raise, and who led the round?

Lumio raised $12 million in a Series A round led by Blume Ventures, with participation from existing investors Stellaris Venture Partners and 3one4 Capital. Lumio co-founder Raghu Reddy publicly announced the financing on X on October 7, 2026, while Blume partner Sajith Pai separately said the firm was backing the company to rethink home entertainment in India. Blume also described Lumio as an Indian home-entertainment brand founded by Reddy and Kailash Sankaranarayanan.

YourStory reported the same financing and said the round was about ₹102.5 crore, while FoneArena put it at about ₹115 crore. Those differences reflect exchange-rate conversion, not different equity amounts.

What is Lumio building?

Lumio is the consumer tech brand of Circuit House Technologies, and it sells smart TVs, projectors and speakers. The company launched in 2025, according to YourStory, while Inc42 said the company was established in 2024 and launched its first smart TV lineup in early 2025.

The company’s product set has since widened. FoneArena reported that Lumio later expanded into Vision smart TVs, Arc projectors and Aura home audio speakers. Lumio’s newsroom has also highlighted its Vision 9 (2026) smart TV line and an AI-powered content discovery feature called Project Neo, which the company says is designed to help users discover streaming content and build watchlists through messaging apps such as WhatsApp, Instagram and Telegram.

How is Lumio using the new capital?

Circuit House Technologies said the new money will go toward growing the Lumio brand, research and development, and hiring talent. Other reporting and company statements point to a broader operating plan: Lumio said it wants to deepen its existing TV, projector and speaker categories, expand into newer home-device categories, add offline retail presence and increase headcount to widen after-sales coverage.

Reddy said the funding will support further investment in Lumio’s products and software, exploration of new categories, stronger quality and after-sales support, and more opportunities for customers to try products before purchase. Kailash Sankaranarayanan said the round would support investment in brand trust and R&D to bring new categories and devices into the home.

FoneArena added that the capital is earmarked for expanding brand reach beyond early enthusiasts, ramping up R&D across home-hardware categories, advancing Lumio’s proprietary software platform and scaling post-purchase service operations. Inc42 likewise reported plans for products and software, new categories, after-sales support and offline retail.

What traction did the company say it has reached?

Lumio said it crossed Rs 100 crore in gross merchandise value within 13 months of commercial sales. That is a company-reported metric rather than independently audited revenue data. The company also said it serves more than 35,000 households across 5,000-plus pin codes.

Reddy said more than 35,000 households across India now have a Lumio product at home. Sajith Pai said nearly half of Lumio’s customers are upgrading from legacy brands, and that India has 30 million to 35 million affluent households reimagining their living rooms. Those are investor-attributed customer-mix and market-size claims, not independent market research.

FoneArena reported that Lumio said its GMV rose three-fold year on year between April and August 2026, and that the growth came without dedicated retail outlets or traditional television campaigns. The company’s service footprint, according to FoneArena, spans more than 300 service centers covering over 19,000 postal codes, with additional partner integration planned.

What does Lumio plan to do next?

The immediate next step is execution across products, retail and support. Lumio says it plans to expand into newer home-device categories while deepening existing ones, establish an offline retail presence and add headcount to widen after-sales coverage. FoneArena said the company intends to create physical retail touchpoints that function as experience hubs where customers can test hardware before buying.

The company is also leaning further into software. Inc42 said Lumio is using software as a differentiator versus legacy electronics brands, and FoneArena reported that Project Neo is in public beta across nine Indian languages and backed by multiple pending patent filings. For a hardware startup, that combination of devices, software and service is meant to make the brand harder to copy than a simple spec-for-spec TV seller.

Blume’s investment suggests the firm sees room for a new consumer-electronics brand in a market long dominated by incumbents. For Lumio, the financing gives it more room to build out products, software and service infrastructure while trying to convert early demand into a broader national business.