Private Equity Other Private Equity/Strategic Investments
Orthopaedic products maker Lumov in talks with Peak XV, others to raise Rs.32-Cr
Bengaluru-based Lumov is in talks to raise INR 32-Cr in a funding round led by Peak XV Partners with participation from the founders of Minimalist and Mokobara, as well as the early-stage venture capital firm Panthera Peak Ventures.Founded in 2024 by Saumaric Dangwal and Ankit Gupta, Lumov designs and manufactures orthopaedic products and orthoses used in post-surgical recovery, rehabilitation, and pain management. The company plans to use the new funds to support operations.
Company website ↗ (opens in a new tab)
In Sep 2024, Lumov Health had attracted about $ 1 M from IIMA Ventures, Incubate Fund Asia, QRG, SIDBI VC, Others.For FY25, Lumov Health had reported about INR 0.03 Cr in Operating Income and about INR 0.56 Cr in Net Loss.