Bengaluru-based consumer electronics brand Lumio, operated by Circuit House Technologies, has raised $12 million, about Rs 102.5 crore, in a Series A funding round led by Blume Ventures. Existing investors Stellaris Venture Partners and 3one4 Capital also joined, the company said. The deal is the latest bet on a software-led challenger in India’s home entertainment market, which is still dominated by Samsung, LG, Sony and Xiaomi.
The brand is best known for its smart televisions, and it now also sells projectors and home audio speakers. With the fresh capital, it plans to widen its product range, deepen its software and open its first offline stores so buyers can try devices before purchase.
The funding round and its investors
Blume Ventures led the Series A, while Stellaris Venture Partners and 3one4 Capital, both early backers, participated again. The company confirmed the round but did not disclose its valuation. Sajith Pai, a partner at Blume Ventures, said India has roughly 30 to 35 million affluent households reimagining their living rooms, and they no longer default to legacy brands. He described co-founders Raghu Reddy and Kailash Sankaranarayanan as among the most product-focused and capital-efficient founders the firm has met.
Where the new money will go
Lumio will put the funds into its products and software, expand into new hardware categories, scale after-sales service and set up an offline retail presence. The offline push is aimed at letting customers see and try its devices in a store before buying. A portion of the capital is earmarked for research and development across home hardware categories, and for tighter quality checks from factory production to last-mile delivery.
Products, software and the retail plan
Lumio started with smart televisions under its Vision range and later added Arc projectors and Aura home audio speakers. Its main differentiator is software rather than price. The company has built an AI-powered content discovery engine called TLDR that recommends shows and films, is backed by multiple patent filings and works in nine Indian languages. On hardware, Lumio points to a faster system-on-chip for quicker app launches, more memory to avoid slowdowns during multitasking, and a network chipset tuned for Indian internet conditions.
Read more: DailyObjects, another Indian consumer brand we covered recently, raised Rs 332 crore in a Series C round to scale its D2C business.
Traction and financials
The brand says it crossed Rs 100 crore in gross merchandise value within 13 months of starting commercial sales. GMV between April and August 2026 was more than three times the same period a year earlier. It claims to serve over 35,000 households across more than 5,000 pin codes. According to the company, close to half of its smart TV customers upgraded from established electronics brands. Its field support network spans more than 300 service centres covering over 19,000 pin codes. Lumio did not share a valuation or revenue figure for the new round.
Background and founders
Circuit House Technologies was founded in 2024 by Raghu Reddy, a former chief business officer at Xiaomi India and now chief executive, and Kailash Sankaranarayanan, a former Flipkart executive who serves as chief operating officer. The company launched its first smart TV lineup in early 2025 and expanded to more categories within about 18 months. It had raised $4.3 million in seed funding in July 2024 from Stellaris Venture Partners, 3one4 Capital, Mamaearth’s Varun Alagh and Tracxn’s Abhishek Goyal, along with other angel investors.
What happens next
Lumio competes in a consumer electronics market that Inc42 estimates will grow at a 6.6 per cent CAGR to reach $158.4 billion by 2034. Its bet is that a software-first television brand can win share faster than a hardware-first challenger. The next test is whether the new capital turns its early GMV and household numbers into a durable, profitable business.
