Lumio Raises $12 Million to Scale Its Smart TV, Projector and Speaker Business

Quick answer: Lumio, the consumer electronics brand run by Circuit House Technologies, has raised $12 million in a Series A round led by Blume Ventures. Existing investors Stellaris Venture Partners and 3one4 Capital also took part. The money will go towards new products, research and development, software, brand building and after-sales service.

Lumio Funding at a Glance

Detail	Information
Company	Lumio (operated by Circuit House Technologies)
Amount raised	$12 million
Round	Series A
Lead investor	Blume Ventures
Existing investors	Stellaris Venture Partners, 3one4 Capital
Products	Smart TVs, projectors, speakers
Founded	2024, Bengaluru
Founders	Raghu Reddy (CEO) and Kailash Sankaranarayanan (COO)
Earlier funding	Seed round of about $4.3–4.6 million

What Is Lumio?

Lumio is a Bengaluru-based home entertainment brand. It was founded in 2024 by Raghu Reddy, a former Xiaomi India executive, and Kailash Sankaranarayanan, who previously worked at Flipkart. The company launched its first smart TV lineup in early 2025 and has since expanded into projectors and speakers.

The brand was built around a common problem: many smart TVs become slow and laggy over time. Lumio says it tackles this with a high-performance processor, ample RAM to avoid slowdowns while multitasking, and a tuned network chipset for stable connectivity in variable Indian internet conditions.

Its three product lines are:

• Vision smart TVs
• Arc projectors
• Aura home audio speakers

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How Will Lumio Use the $12 Million?

Based on the company’s announcement and media reports, the funds will be used to:

1. Expand into new product categories and connected devices for the home.
2. Invest in R&D, with a significant portion of the capital going to research and development.
3. Strengthen its software platform, including TLDR and Project Neo, an AI content discovery layer that is in public beta in nine Indian languages.
4. Build its brand, moving from a tech-enthusiast favourite to a household name.
5. Grow offline retail, so customers can see and try products before buying.
6. Scale after-sales service, currently 300+ service centres covering 19,000+ pin codes.
7. Hire talent.

Why Did Blume Ventures Back Lumio?

Blume partner Sajith Pai said that India’s 30–35 million affluent households are rethinking their living rooms and no longer default to legacy brands. He also said nearly half of Lumio’s customers are upgrading from legacy brands.

Another report says Lumio claims to have crossed ₹100 crore in gross merchandise value (GMV) within 13 months of commercial sales. GMV is the total value of products sold and is not the same as revenue or profit, so treat it as a growth indicator only.

Lumio’s Journey So Far

• March 2024: Circuit House Technologies is formed.
• 2024: Raises seed funding from Stellaris Venture Partners and 3one4 Capital, with Sattva Ventures and angels also taking part.
• Early 2025: Launches its first smart TV lineup.
• First year: Reports over 20,000 customers.
• Later: Adds Arc projectors and Aura speakers.
• October 2026: Raises $12 million Series A led by Blume Ventures.

The Market Lumio Is Entering

India’s smart TV market is crowded, with more than 100 active brands competing against global names and fast-growing Chinese and Indian brands. The founders argue that many buyers search generic terms like “55-inch smart TV” and have little brand loyalty, which leaves room for a newcomer with a better experience.

Risks and Challenges

• Intense competition: Established players have deeper pockets, wider distribution and strong pricing power.
• Component costs: Reports mention steep increases in memory and storage prices, which can squeeze hardware margins.
• Hardware is capital-heavy: Inventory, service networks and retail expansion all take money.
• Growth claims are company-reported: GMV and customer numbers have not been independently audited in public sources.

Can You Invest in Lumio?

Not on the stock market. Circuit House Technologies is a private company, so its shares are not listed on the NSE or BSE. Retail investors can only follow the story through news, though some venture funds and angel platforms offer indirect exposure, subject to eligibility.

What This Means for Indian Consumer Electronics

The round signals that investors are willing to back hardware-plus-software brands built by experienced operators. If Lumio succeeds, it could push larger brands to improve software speed and after-sales service, which benefits buyers.

Frequently Asked Questions

How much did Lumio raise?
$12 million in a Series A round.

Who led the round?
Blume Ventures, with Stellaris Venture Partners and 3one4 Capital participating.

Who owns Lumio?
Lumio is a brand of Circuit House Technologies, founded by Raghu Reddy and Kailash Sankaranarayanan.

What does Lumio sell?
Smart TVs, projectors and speakers.

When was Lumio founded?
2024, in Bengaluru. Its first TVs launched in early 2025.

Is Lumio listed on the stock market?
No, it is a private company.

What will Lumio do with the funds?
Invest in R&D, software, new products, branding, offline retail and after-sales service.

Final Thoughts

Lumio’s $12 million Series A shows investor confidence in a young brand that has grown quickly in a tough category. The next things to watch are its first new product category, its offline stores and how its service network grows. Investors and buyers should still remember that growth figures are company-reported and the market is highly competitive.

Disclaimer: This article is for information only and is not investment advice. Details are based on company announcements and media reports as of October 7, 2026 and may change. Consult a SEBI-registered advisor before making any investment decision.

Sources: YourStory, Inc42, Fone Arena, Dealroom, Newzchain, BW Businessworld, Economic Times.