Orthopedic recovery product startup Lumov raises $1.2 Mn led by Incubate Fund

Bengaluru-based orthopedic recovery product startup Lumov has raised $1.2 million (Rs 10 crore) 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 a group of angel investors, including Ashish Gupta, Saket Narang, Abhishek Goyal, and Arjun Vaidya, among others.

The proceeds will be used to expand operations, deepen surgeon partnerships, and accelerate the development of new products. It also plans to scale its presence across Delhi NCR, Hyderabad, and Mumbai, while strengthening its manufacturing and sales teams.

Founded by Saumaric Dangwal and Ankit Gupta, Lumov designs and manufactures orthopedic recovery and rehabilitation products for post-surgical care, pain management, and long-term mobility support. 

The brand works with orthopedic specialists across hospital chains such as Manipal, Apollo, Sakra, and AIG to develop clinically validated products tailored for Indian patients.

Lumov currently operates with a core team of 15 members and expects to expand hiring across product development, sales, and operations. The startup is focused on addressing gaps in India’s musculoskeletal care market, where rehabilitation and post-surgical recovery solutions remain fragmented.

The founders bring prior experience in healthcare investing, having worked with firms such as Bain Capital, Brookfield Private Equity, and Steinberg Asset Management.