PE-VC Fund Investments
Orthopaedic rehab products maker Lumov raises Rs.10-Cr
Bengaluru-based Lumov has raised INR 10 crore (USD 1.2 million) in a seed funding round led by Incubate Fund Asia. The round also saw participation from QRG Investments and Holdings (Havells Family Office), IIMA Ventures, SIDBI, and angel investors including Ashish Gupta of Helion Advisors, Saket Narang of Steinberg India, Abhishek Goyal of Tracxn, Arjun Vaidya, Indian Silicon Valley, and Mapaex Family Office.Founded in 2024 by Saumaric Dangwal and Ankit Gupta, Lumov designs and manufactures orthopaedic recovery and rehabilitation products for post-surgical care, long-term mobility support, and lifestyle-driven pain management.The new funding will support Lumov's expansion, strengthen product development pipeline, and deepen collaboration with orthopaedic surgeons. The startup plans to scale operations in Delhi NCR, Hyderabad, and Mumbai, along with enhancing its manufacturing and sales capabilities.
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