Noida-based Lumiq, a data analytics and AI platform tailored for the BFSI sector, secured a $5.2 million Series B funding led by Bajaj Finserv Ventures, with Info Edge also participating.
This marks its first funding round in nearly four years, building upon its $5.5 million Series A raise in 2022. The fresh capital gives the company a post-money valuation of $46.3 million, a 38% increase from its previous valuation of $40 million.
The investment will fuel Lumiq's operational growth, international expansion, and continued delivery of its flagship BFSI analytics platform, emPower.
In FY25, Lumiq's operating revenue grew moderately to $8.66 million, up from $8.3 million in FY24, although losses widened during the same period.
The company boasts over 40 global implementations and employs more than 350 data and AI specialists.