Data & AI Platform LUMIQ Secures ₹50 Crore Series B Round Led by Bajaj Finserv Ventures
What is the news?
LUMIQ, a deep-tech financial data and analytics platform headquartered in India with operations expanding into international corridors like New Jersey, USA, is set to close a ₹50 crore ($6 million USD) Series B funding round. The financing is led heavily by Bajaj Finserv Ventures, who will inject ₹45 crore into the business, with the remaining ₹5 crore coming from early backer Info Edge Ventures. Regulatory filings reveal that this capital infusion boosts the startup’s post-money valuation to roughly ₹440 crore, signaling a sharp 38% increase from its previous valuation benchmark of ₹320 crore.
Why is it interesting?
Co-founded by domain veterans Shoaib Mohammad (CEO) and Vaibhav Dobriyal (CPO), LUMIQ acts as an essential catalyst for data maturity within modern financial institutions. The enterprise specializes in custom data management, strict data governance, regulatory reporting pipelines, and real-time fraud detection suites custom-made for the Banking, Financial Services, and Insurance (BFSI) landscapes. Backed by a high-caliber team of 350+ data engineering architects and data scientists, the company has recently rolled out advanced Agentic AI modules designed to completely automate and collapse tedious underwriting and claims processes into conversation-driven intelligence workflows.
This strategic injection comes at a pivotal period for the startup, ending a nearly four-year execution timeline since its Series A round. LUMIQ will funnel the Series B proceeds into core product upgrades, pushing downstream R&D for localized and private large language model integrations, and dramatically scaling enterprise client acquisition. Having already cleared more than 40 successful global implementations across the Asia-Pacific region and North America, LUMIQ continues to solidify its role within the Global Indian Alpha ecosystem—showcasing how technical intellectual capital operating from India can reshape global enterprise technology landscapes.
Read more: Exclusive: Lumiq set to raise Rs 50 Cr in Series B round from Bajaj Finserv and Info Edge