Lumov Raises $1.2 Million to Expand Orthopedic Recovery Solutions
- Lumov secures $1.2 Million in seed funding led by Incubate Fund Asia
- Startup to expand operations, strengthen surgeon partnerships and develop new products
- Plans nationwide scale-up across major cities and hiring across key teams
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 angel investors such as Ashish Gupta, Saket Narang, Abhishek Goyal and Arjun Vaidya.
Lumov plans to use the funds to grow its operations, build stronger collaborations with orthopedic surgeons and speed up the development of new recovery and rehabilitation products. The company also aims to scale its presence across major cities including Delhi NCR, Hyderabad and Mumbai, while boosting its manufacturing capabilities and expanding its sales team.
Founded by Saumaric Dangwal and Ankit Gupta, Lumov develops orthopedic recovery and rehabilitation products designed for post-surgical care, pain relief and long-term mobility improvement. The startup works closely with orthopedic specialists and partners with leading hospital chains such as Manipal, Apollo, Sakra and AIG to create clinically validated solutions tailored for Indian patients.
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With a current team of 15, Lumov plans to hire across product development, sales and operations as it prepares for the next phase of growth. The company is focused on addressing India’s growing need for structured musculoskeletal recovery, an area where rehabilitation solutions remain highly fragmented and often inaccessible.
Both founders bring strong healthcare investment backgrounds from their experience at Bain Capital, Brookfield Private Equity and Steinberg Asset Management, giving Lumov a strategic advantage as it builds patient-focused recovery products for the Indian market.
