Bengaluru-based healthtech startup Lumov has raised Rs 10 crore ($1.2 million) in a seed funding round led by Incubate Fund Asia. The round features participation from QRG Investments and Holdings, IIMA Ventures, SIDBI, and several prominent angel investors. Contributors include Ashish Gupta of Helion Advisors, Saket Narang of Steinberg India, Abhishek Goyal of Tracxn, Arjun Vaidya, Indian Silicon Valley, and the Mapaex Family Office.
Lumov Seed Funding
The new funding comes at a time when the startup is increasing its presence in India’s orthopedic recovery and rehabilitation segment. Lumov plans to use the capital to broaden its manufacturing, product development and sales capabilities. The company is also preparing to expand operations to Delhi NCR, Hyderabad and Mumbai as it strengthens its national footprint.
Lumov currently operates with a 15-member core team and expects strong hiring across product development, operations and sales. The founders aim to deploy the new investment toward scaling both production and clinical partnerships.
Expansion Plans Grow
Founded by IIT Kharagpur and Harvard Business School alumni Saumaric Dangwal and Ankit Gupta, Lumov designs and manufactures orthopedic recovery and rehabilitation products. Its product line includes orthoses and mobility-support devices geared toward post-surgical recovery, long-term mobility support and lifestyle-linked pain management.
The startup collaborates with orthopedic specialists from medical institutions such as Manipal, Apollo, Sakra and AIG. These partnerships are aimed at improving product precision, comfort and alignment with India-specific anatomical and climatic needs. The founders maintain that such inputs help enhance clinical effectiveness and encourage stronger patient compliance.
Lumov has positioned itself at the intersection of medical design and rehabilitation science. Its products target a range of musculoskeletal conditions, seeking to reduce pain and support faster recovery for patients across age groups. The company states that rising orthopedic issues in the country underline the importance of India-focused solutions in this segment.
Market Demand Rises
Co-founder Saumaric Dangwal said India is witnessing a growing orthopedic health burden, driven by lifestyle factors and rising surgical interventions. He added that while diagnostics and care delivery are improving, there remains a need for high-quality physical recovery tools. According to the founders, Lumov aims to address this gap through research-driven orthotics and rehabilitation aids designed for Indian users.
Incubate Fund Asia partner Rajeev Ranka said the musculoskeletal care segment is ready for technological and product-based innovation. He added that Lumov’s surgeon-led development approach and design-first strategy position the company to become a key player in India’s post-surgical recovery and lifestyle-driven pain-management ecosystem.
The seed funding is expected to help the company accelerate product development cycles, broaden clinical collaborations and serve the rising demand for advanced recovery aids across the country.
