Orthopedic recovery product startup Lumov has raised $1.2 million in a seed funding round led by Incubate Fund Asia.
The round also saw participation from QRG Investments & Holdings (Havells Family Office), IIMA Ventures, SIDBI, and several angel investors, including Ashish Gupta, Saket Narang, Abhishek Goyal, and Arjun Vaidya.
The company plans to use the capital for product innovation, manufacturing scale-up, and expansion into new cities such as Delhi NCR, Hyderabad, and Mumbai.
Founded in 2024 by Saumaric Dangwal and Ankit Gupta, Lumov develops orthopedic recovery and rehabilitation products designed for post-surgical care, pain management, and long-term mobility. The founders bring experience from Harvard Business School, IIT Kharagpur, private equity, and healthcare investing.
Lumov’s products are co-developed with orthopedic specialists from hospitals including Manipal, Apollo, Sakra, and AIG.
The Bengaluru-based company aims to enable better mobility and pain relief through clinically effective, user-focused solutions. Lumov currently has a team of 15 and plans to expand hiring across product development, sales, and operations as it works toward becoming a leading brand in India’s orthotics and rehabilitation sector.
