Lumiq Raises ₹50Cr Series B
Lumiq, a Noida-based artificial intelligence and data analytics company specializing in the banking, financial services, and insurance (BFSI) sectors, has raised ₹50 crore in a Series B funding round. This latest injection of capital marks a significant milestone for the company, following a nearly four-year gap since its previous investment round.
The round was led by Bajaj Finserv Ventures, the investment arm of a major Indian financial services conglomerate, which contributed ₹45 crore. Existing investor Info Edge also participated in the round with an additional investment of ₹5 crore.
The newly raised capital will be utilized by Lumiq to accelerate its ongoing product development efforts and to expand its client acquisition strategies as it looks to strengthen its competitive position against global players in the financial services data intelligence market.
Founded in 2020 by Mohammad Shoaib and Vaibhav Dobriyal, Lumiq provides a specialized AI and data platform designed to address the complex data governance, regulatory reporting, and fraud detection needs of financial institutions. The company, which maintains a presence in Noida, Chennai, Pune, and New Jersey, has scaled its team to approximately 350 professionals focused on data operations.
Funding Details
Company Website: https://lumiq.ai
Company: Lumiq
Raised: ₹50Cr
Round: Series B
Funding Date: June 7, 2026
Lead Investor: Bajaj Finserv Ventures
Additional Investors: Info Edge
Software Category: Enterprise Software, AI, Data Analytics