India, Oct. 7 -- Consumer electronics manufacturer Lumio raised $12 Mn (around Rs.102.5 Cr) in a Series A funding round led by Blume Ventures, with participation from existing backers Stellaris Venture Partners and 3one4 Capital.

"This funding gives us the opportunity to invest further in our products and software, explore new categories, and strengthen quality and after-sales support as we grow," said cofounder Raghu Reddy in a social media post.

The startup also plans to expand its retail presence, enabling customers to see and try its products offline before making a purchase.

"India's 3-3.5 Cr affluent households are reimagining their living rooms, and no longer default to legacy brands. Raghu and Kailash have leveraged their deep ...