Corvi LED Secures $8 Million in Series B Funding from Enam Investments
Mumbai-based consumer lighting startup Corvi LED has raised $8 million (Rs 65.6 crore) from Enam Investments as part of its Series B funding round. The company plans to use the capital to scale operations, expand marketing efforts, and strengthen its presence in both B2C and B2B segments.
Founded in 2012, Corvi has built a reputation for disruptive innovations in LED lighting, holding over 100 patents and registrations. The company has successfully exported its products to 24 countries, spanning Europe, the Middle East, Africa, and South-East Asia. With the new funding, Corvi is set to introduce a range of LED products focused on ergonomic design and aesthetics.
Commenting on the investment, Vimal Soni, founder of Corvi LED, said, “While innovation in LED lighting has stagnated, Corvi LED continues to push boundaries in design, development, and efficiency. This capital will accelerate our advancements in lighting technology,, setting new benchmarks for sustainability and user experience”.
Highlighting the market potential, Soni added that India’s LED sector is poised for growth driven by real estate expansion, urbanization, smart city projects, and technological advancements.
Vallabh Bhanshali, chairman of Enam Group, expressed confidence in Corvi, stating, “We are excited to support an Indian company that is designing world-class lighting products. Corvi’s approach holds immense potential in the industry”.
Founded in 2012, Corvi has built a reputation for disruptive innovations in LED lighting, holding over 100 patents and registrations. The company has successfully exported its products to 24 countries, spanning Europe, the Middle East, Africa, and South-East Asia. With the new funding, Corvi is set to introduce a range of LED products focused on ergonomic design and aesthetics.
Commenting on the investment, Vimal Soni, founder of Corvi LED, said, “While innovation in LED lighting has stagnated, Corvi LED continues to push boundaries in design, development, and efficiency. This capital will accelerate our advancements in lighting technology,, setting new benchmarks for sustainability and user experience”.
Highlighting the market potential, Soni added that India’s LED sector is poised for growth driven by real estate expansion, urbanization, smart city projects, and technological advancements.
Vallabh Bhanshali, chairman of Enam Group, expressed confidence in Corvi, stating, “We are excited to support an Indian company that is designing world-class lighting products. Corvi’s approach holds immense potential in the industry”.
