Lumio, a home-grown consumer Technology from Startup from Circuit House Technologies Founded by Former Xiaomi and Flipkart Officials has Announced ITS FORAY INTOY INTOY INNONCED INNUNCED FORAY INNONCED INNONCED FORAYE Space. The brand says it will soon get the range of 4k smart tvs in collaboration with google, dixon technologies, and amazon India with the aim of changing customer’s expectations in this Category Whiche Over 100 brands. It is said to brings a smart tv product lineup that will be “a complete fresh take” on the existing products in the segment.
To Bolster Its Ranks, The Company Has Onboarded Professionals from Companies Such as Flipkart, Lenovo, Philips, Tivo, LG, and Samsung With Experience Accross Across Product Development, Bunduct Developing, Software, quality, sales and after-sales management. The company has developed a strategic partnership with amazon India for the online distribution of its upcoming smart tvs.
Its first tvs will be showcased in March with features which address customers’ Pain points. These will be manufactured by Dixon Technologies, a home-grown manufacturing company and will be powered by Google’s OS, offering consumers with over 400,000 movies and shows across 10,000+ apps.
Making the announsement, raghu reddy, former chief businesser at Xiaomi India and Present Ceo of Circuit House Technologies Said, “Lumio is Crafting Products from the GROND U.C. Expectations, Esing theSE Letdowns for a Marvelous Everyday Viewing Experience. “
Notably, Circuit House Technologies Raised $ 4.3 Million (roughly Rs. Its Arrival in the Indian Smart TV Market Comes at a Time Where Brands are Slowly Exiting The space due to Slow Growth. This notably Comprises Companies which had Small-Szed Smart TVs in their portfolio. As per counterpoint research’s India Smart TV Market Analysis for Q3 2024, 32-inch Smart tvs continue to lead the market but their share has decorated, Folling a resurgery in the demand for 43-new Offerings.
In the same period, the shipments of 4k smart tvs increase by 17 percent year-on-yar (yoy) and constituted Nearly 52 percetic of the total shipments during the Quarter, Hinting towels a Growing Demand for Premium TVS. It is this space which lumio aims to make its presence in.
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