Corvi LED, a consumer lighting company, has secured $8 million in a growth capital round that was spearheaded by Enam Investments. The Mumbai-based organisation has received new funding following a seven-year hiatus.
This infusion will enable Corvi LED to diversify its product portfolio, refine its technological capabilities, and expand into new geographies.
Corvi LED is also planning to expand its market presence in both B2C and B2B segments and will introduce a variety of new LED products that are in line with contemporary consumer demands.
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The company states that it has exported to 24 countries in Europe, the Middle East, Africa, and South East Asia and holds more than 100 patents and registrations. The year 2017 saw Hero Enterprise invest $10 million in a substantial stake in Corvi LED Light.
Corvi provides an extensive selection of over 100 products that are divided into seven distinct categories, including bulbs, tubes, flat, surface, and more. The company has established global benchmarks with top efficiency ratings and features, including the elimination of metal bodies, actuators, and heat sinks, according to the company.
About Corvi LED
Founded in 2012 by Vimal Soni, Corvi LED light was formed with the mission to pursue efficiency. We brought the first core disruptions in the LED world.
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