Founded by Dangwal and Gupta, Lumov designs and manufactures orthopedic products and orthoses used in post-surgical recovery, rehabilitation and pain management.Orthopedic and rehabilitation products company Lumov has raised $1.2 million (₹10 crore) 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 a group of angel investors including Ashish Gupta (Helion Advisors), Saket Narang (Steinberg India), Abhishek Goyal (Tracxn), Arjun Vaidya, Indian Silicon Valley, and Mapaex Family Office.
The company plans to use the capital to scale its operations, strengthen manufacturing, expand into new geographies, and accelerate product development across post-surgical recovery and rehabilitation categories.
“While advances in diagnostics and care delivery are improving outcomes, we are building the physical product layer, premium, high-quality orthotics, rehabilitation aids, and pain-management solutions designed to accelerate recovery and help people live pain-free, active lives,” said Saumaric Dangwal and Ankit Gupta, Co-Founders of Lumov in a joint statement.
The company in a statement on Monday said it aims to expand its presence in Delhi-NCR, Hyderabad and Mumbai, while also growing its sales and clinical partnerships.
Founded by Dangwal and Gupta, Lumov designs and manufactures orthopedic products and orthoses used in post-surgical recovery, rehabilitation and pain management.
At present, the Bengaluru-based firm works with orthopedic specialists at hospital chains including Manipal, Apollo, Sakra and AIG to develop clinically validated products tailored for Indian patients.
“The musculoskeletal (MSK) care category, particularly in post-surgical recovery, rehabilitation, and lifestyle-driven pain relief, is poised for significant innovation. Lumov’s surgeon-led approach, Saumaric and Ankit’s profound market understanding, and integration of modern design principles instill high confidence that they can emerge as a category-defining company in MSK care,” added Rajeev Ranka, Partner at Incubate Fund Asia.
With a current team of around 15 employees, Lumov plans to expand its workforce as it scales manufacturing, product development and market reach over the next year.
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