Bengaluru-based orthopedic recovery startup Lumov has raised $1.2 million (Rs 10 crore) in a seed funding round led by Incubate Fund Asia. The round also included participation from QRG Investments & Holdings (Havells Family Office), IIMA Ventures, SIDBI, and several prominent angel investors such as Ashish Gupta, Saket Narang, Abhishek Goyal, and Arjun Vaidya.
Capital Deployment for Product Innovation and Expansion
Lumov plans to utilize the fresh funding to scale operations, deepen surgeon partnerships, expand manufacturing capacity, and accelerate new product development. The company is preparing to widen its distribution footprint across Delhi NCR, Hyderabad and Mumbai, while enhancing its sales, supply chain, and production teams.
Clinically Engineered Orthopedic Recovery Products
Founded by Saumaric Dangwal and Ankit Gupta, Lumov develops orthopedic rehabilitation and post-surgical recovery products designed for patients requiring pain management, mobility support, and enhanced recovery outcomes. The startup collaborates with leading orthopedic specialists across Manipal, Apollo, Sakra and AIG hospitals, ensuring its offerings are clinically validated and tailored for Indian patients, whose recovery requirements often differ from international standards.
Strengthening India’s Musculoskeletal Care Infrastructure
Lumov currently operates with a team of 15 members and plans to expand hiring across product development, engineering, sales, and clinical partnerships. The company aims to address a long-standing gap in India’s musculoskeletal care market, where recovery and rehabilitation solutions remain fragmented, under-innovated, and inconsistent across providers.
Experienced Founding Team With Healthcare Investing Background
The founders bring strong healthcare and operational experience, having worked with Bain Capital, Brookfield Private Equity, and Steinberg Asset Management. Their industry expertise positions Lumov to build scalable orthopedic products that improve recovery outcomes across India.
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