Home entertainment startup Lumio is lining up a Series A after raising $4 million in seed funding. Backed by ex-Xiaomi and Flipkart staff, the company wants to expand its range of premium televisions, betting on a growing market. But it also faces real-world hurdles, including supply chain constraints that could shape its launch and growth timeline.
Sneaker brand Gully Labs has raised Rs 30 crore in Series A funding led by Saama Capital, with Zeropearl VC also participating. The money will go toward new product lines, stronger offline retail in India, and accelerated brand awareness in the US and UK. The company is aiming for Rs 100 crore in annualised revenue by FY 2026-27.
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