Lumov, a company that creates innovative products for orthopedic recovery and rehabilitation, has raised INR 10 crore (about $1.2 million) in seed funding. The round was led by Incubate Fund Asia.
Other investors who joined the round include QRG Investments and Holdings (Havells Family Office), IIMA Ventures, SIDBI, and well-known angel investors such as Ashish Gupta (Helion Advisors), Saket Narang (Steinberg India), Abhishek Goyal (Tracxn), Arjun Vaidya, Indian Silicon Valley, Mapaex Family Office, and more.
Lumov plans to use this funding to grow its business, work more closely with surgeons, and speed up the development of new products. The company also aims to expand into Delhi NCR, Hyderabad, and Mumbai, while strengthening its manufacturing and sales teams.
Commenting on the announcement, Co-Founders, Saumaric Dangwal and Ankit Gupta, shared, “India is in the midst of an orthopaedic health crisis. 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.”
“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,” said Rajeev Ranka, Partner at Incubate Fund Asia.
Ramesh Sharma, President of QRG Investments & Holdings, “What impressed us about Lumov is not just the product portfolio, but the long-term vision to build an integrated MSK products platform. Saumaric and Ankit bring clarity of thought, speed of execution, and strong clinical partnerships that position Lumov to build a category-creating company in musculoskeletal health.”
Founded by Saumaric Dangwal and Ankit Gupta, Bengaluru-based Lumov develops orthopedic recovery and rehabilitation products designed to support patients after surgery, reduce pain, and improve long-term mobility.
The company works closely with orthopedic specialists from major hospital chains such as Manipal, Apollo, Sakra, and AIG to create clinically tested products tailored for Indian patients.
Lumov currently has a team of 15 and plans to expand hiring in product development, sales, and operations. The startup aims to address major gaps in India’s musculoskeletal care market, where rehabilitation and post-surgery recovery solutions are still limited and largely unorganized.
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