Lumov raises $1.2 Million in seed round from Incubate Fund Asia, others

Lumov, an innovator in orthopedic recovery and rehabilitation products space, has raised a seed funding round of Rs 10 Crore (sround $1.2 Mn) led by Incubate Fund Asia.

The round also saw participation from QRG Investments and Holdings (Havells Family Office), IIMA Ventures, SIDBI, and several other noted angel investors, including Ashish Gupta (Helion Advisors), Saket Narang (Steinberg India), Abhishek Goyal (tracxn), Arjun Vaidya, Indian Silicon Valley, Mapaex Family Office and others.

The funds will be used to grow the business, work more closely with surgeons, and develop new products faster. It also plans to expand in Delhi NCR, Hyderabad, and Mumbai, and add more people to its manufacturing and sales teams.

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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.”

About Lumov 

Founded by Saumaric Dangwal and Ankit Gupta, Bengaluru-based Lumov creates orthopedic recovery and rehabilitation products that help patients after surgery, relieve pain, and support long-term mobility.

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The company partners with orthopedic experts from major hospital chains like Manipal, Apollo, Sakra, and AIG to build clinically tested products designed specifically for Indian patients.

Lumov currently has a team of 15 people and plans to hire more in product development, sales, and operations. The startup aims to solve key gaps in India’s musculoskeletal care market, where rehab and post-surgery recovery solutions are still unorganized and limited.

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