# Lumiq

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumiq

- Industry: Financial Services
- Headquarters: Noida, India
- Website: www.lumiq.ai/
- Total disclosed funding: $13M
- Latest round: Series B (Jun 6, 2026)
- Investors on record: 4

## About

Based in Noida, India, founded in 2007, Lumiq focuses on providing comprehensive data transformation services. The company co-founded by Shoaib Mohammad (CEO as of 2026) and Vaibhav Dobriyal. In June 2026, Lumiq raised INR 499.97 million in Series B funding led by Bajaj Finserv, with participation from Info Edge Ventures.

Lumiq provides a suite of advanced data transformation products and services primarily geared towards the Financial Services Industry. Their core offerings include data ingestion and unification platforms, data observability tools, and tailored data solutions that integrate robust data science and engineering methodologies. By leveraging Amazon services, Lumiq enables clients to convert raw data into actionable data products that enhance decision-making, foster innovation, and create new revenue streams. Their solutions cater to a diverse client base, including financial institutions such as HDFC Life and HDFC ERGO, and are designed for deployment across various geographical markets, focusing on regions with high densities of financial services and insurance operations.

In the most recent fiscal year 2023, Lumiq reported a revenue of INR 5,757,861.10 and an EBITDA of INR 205,600.50. The company generates revenue through subscription-based access to its data transformation platforms and consulting services, primarily engaging in B2B transactions within the financial services sector.

The company plans to use the June 2026 funding to expand go-to-market in the US and Southeast Asia, improve its LiteCone platform, add more AI agent roles, and build partnerships with cloud and banking platforms.

## Funding rounds

- Series B, Jun 6, 2026, $5.2M — Bajaj Finserv, InfoEdge Ventures
- Series A, Oct 20, 2022, $5.4M — Season Two Ventures, InfoEdge Ventures, Redstart Labs
- Seed, Mar 3, 2021, $2M — InfoEdge Ventures, Redstart Labs

## Investors

- InfoEdge Ventures (https://capitalatlas.ai/funds/infoedge-ventures) — Seed, Series A, Series B
- Redstart Labs — Seed, Series A
- Season Two Ventures (https://capitalatlas.ai/funds/season-two-ventures) — Series A
- Bajaj Finserv — Series B