Lumio, the Bengaluru-based consumer electronics model operated by Circuit Home Applied sciences, has raised $12 million (about Rs 115 crore) in a Collection A funding spherical led by Blume Ventures, with participation from current investors Stellaris Enterprise Companions and 3one4 Capital.

Circuit Home Applied sciences plans to make use of the recent capital to strengthen its analysis and growth (R&D) capabilities, increase Lumio’s product portfolio, rent expertise, construct the brand and enhance after-sales companies throughout India.

Based by Raghu Reddy and Kailash Sankaranarayanan, Circuit Home Applied sciences launched Lumio’s first sensible TVs in April 2025. The model has since expanded its residence leisure portfolio to incorporate Arc projectors and Aura audio system.

The funding comes about 18 months after Lumio entered the Indian sensible TV market, because the model appears to increase its presence within the client electronics sector.

Lumio crosses Rs 100 crore in GMV inside 13 months

In response to the corporate, Lumio crossed Rs 100 crore in gross merchandise worth (GMV) inside 13 months of beginning business gross sales. It additionally reported greater than threefold year-on-year development in GMV through the April-August 2026 interval.

The model stated its merchandise have reached greater than 35,000 households throughout over 5,000 pin codes in India, regardless of working with out its personal retail shops or tv promoting.

In its investment commentary revealed on 7 October, Blume Ventures stated Lumio generated roughly Rs 60 crore in internet income throughout its first yr of operations.

The investor additionally stated Lumio’s common promoting value stood at round Rs 32,500, roughly 1.6 instances the class common.

GMV refers back to the whole worth of merchandise bought earlier than deductions and is totally different from an organization’s recognised income.

Funding to help R&D, new merchandise and offline retail enlargement

A good portion of the funding might be directed in direction of R&D as Lumio prepares to enter new residence electronics classes whereas strengthening its current tv, projector and speaker portfolio.

The model additionally plans to put money into software program growth, notably its TLDR utility, which offers entry to sports activities updates, leisure content material and suggestions on its units.

Lumio has additionally launched Venture Neo, an AI-powered content material discovery characteristic constructed into the TLDR utility.

At present accessible in public beta on supported Lumio Imaginative and prescient TVs and Arc projectors, the characteristic permits customers to seek for movies, tv programmes and different leisure content material by sending messages by way of WhatsApp or Instagram.

Customers could make requests in a number of languages, together with English, Hindi, Tamil, Telugu, Malayalam, Marathi, Kannada and Odia.

Past product growth, Lumio intends to ascertain a selective offline retail presence, permitting clients to expertise its units earlier than making a purchase order.

It additionally plans to strengthen high quality checks throughout manufacturing and supply, speed up product growth and increase its after-sales help community.

The corporate experiences having greater than 300 service centres protecting over 19,000 pin codes throughout India.

“In a few yr and a half, we’ve got proven we will construct merchandise Indian households need, throughout multiple class. This spherical lets us put money into the 2 issues that compound: a model folks belief of their lounge, and R&D that retains bringing new classes and units into the house,” stated Kailash Sankaranarayanan, Co-founder and COO of Circuit Home Applied sciences.

Blume Ventures sees alternative in India’s residence leisure market

Blume Ventures is backing Lumio because it sees a possibility amongst prosperous Indian households more and more contemplating alternate options to established client electronics manufacturers.

In response to the investor’s October 2026 commentary, roughly 64% of Lumio’s patrons are upgrading from established manufacturers, together with Sony, Samsung, LG and Xiaomi.

Sajith Pai, Associate at Blume Ventures, estimates that India has between 30 million and 35 million prosperous households whose preferences for residence leisure merchandise are altering.

“India’s 30-35 million prosperous households are reimagining their residing rooms, and not default to legacy manufacturers,” Pai stated.

The funding agency has additionally highlighted the founders’ earlier expertise in client electronics, retail and advertising as an element behind its choice to speculate.

Earlier than founding Circuit Home Applied sciences, Reddy served as CBO at Xiaomi India, the place he helped develop the corporate’s tv enterprise. Sankaranarayanan beforehand held class administration roles at Flipkart and advertising positions at TI Cycles and Hindustan Unilever.

Blume Ventures estimates that India’s tv market generates round Rs 60,000 crore in annual gross sales, of which roughly Rs 12,000 crore comes from on-line channels.