Founded in 2007 and headquartered in India, LUMIQ is a specialized AI and data transformation company focused on the Financial Services industry, helping enterprises drive data excellence and Generative AI adoption. With over 350 certified architects and engineers, LUMIQ brings deep domain expertise and has completed over 40 global implementations across the Insurance, Banking, Capital Markets, and Lending verticals. LUMIQ’s proprietary platforms combine data science and data engineering to enable enterprises to build high-quality data products, improve decision-making, and accelerate data maturity. This growth equity investment by two of India’s leading investors will enable LUMIQ to accelerate the rapid expansion of its AI and data product portfolio, and to acquire and expand its enterprise client base across the Financial Services sector and beyond.
Bajaj Finserv Ventures Limited is the venture capital arm of Bajaj Finserv, one of India’s largest and most diversified financial services groups. Through its flagship lending business, Bajaj Finance, the group manages assets under management of over US$50 billion alongside leading businesses spanning lending, insurance, wealth management and digital financial services. Info Edge (India) Limited’s investment arm, Info Edge Venture Fund, invests in high-growth technology businesses in India, leveraging the company’s extensive experience building leading internet platforms including Naukri.com, 99acres.com and Jeevansathi.com.
Vivek Subramanyam, Founder and CEO of TH Global Capital, said, “We are thrilled to have advised LUMIQ on this key growth equity transaction – our 35th deal in the FinTech and BFSI space globally. LUMIQ has built a truly differentiated platform at the intersection of Data Engineering, Generative AI, and Financial Services – a combination that is increasingly critical for enterprises navigating the next dynamic wave of AI and data led digital transformation. This transaction is a strong testament to the maturity and depth of the Indian enterprise technology ecosystem, and we are confident that LUMIQ is exceptionally well positioned to become the defining data transformation partner for Financial Services enterprises.”
Abhishek Vaish, Executive Director at TH Global Capital, added, “It has been a privilege to advise LUMIQ on this important transaction. The company has built a highly differentiated AI and data analytics platform, backed by its deep Financial Services expertise and a world-class technology team. The participation of Bajaj Finserv Ventures and Info Edge Venture Fund is a strong endorsement of LUMIQ’s growth potential. It is especially gratifying to see a client invest in its trusted service provider, as well as an existing investor continue to participate in the follow-on round – a powerful testament to the value LUMIQ delivers and the strong trust it has built with its stakeholders. We look forward to seeing LUMIQ continue its strong growth trajectory and scale to new heights.”
Sneha Anil Patil, Vice President at TH Global Capital, commented, “India is witnessing a significant acceleration in enterprise AI adoption, and LUMIQ is at the absolute forefront of this wave. What makes LUMIQ particularly compelling is its sharp focus on deploying Agentic AI across critical workstreams in the BFSI sector – moving beyond conventional analytics to autonomous decision-making systems that drive tangible business outcomes. The Financial Services sector is primed for this shift, and LUMIQ’s proprietary platforms and deep domain expertise position it uniquely to capture this opportunity at scale. This fundraise will serve as a strong catalyst for the company’s next phase of growth, and we look forward to continuing to support LUMIQ on its journey ahead.”