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Noida (Uttar Pradesh)/ Mumbai (Maharashtra) [India], October 31 (ANI/PRNewswire): LUMIQ has raised Rs 44.1 crore or USD 5.5 million in its Series A round led by existing investor Info Edge Ventures. In 2022, this is the 1st round of investment for the Data and Analytics company which builds datastack products and solutions, with a pure Financial Services and Insurance (FSI) focus. In this round, Info Edge Ventures spearheaded the round with Rs 23.41 crore while Season Two Ventures and RedStart Labs pumped in Rs 19.51 crore and Rs 1.2 crore respectively. This will be used to further develop LUMIQ's presence in international markets - US and SEA, and strengthen their FSI-focused product line. The company has raised a total of USD 7.5 million to date including a USD 2 million seed round led by Info Edge Ventures in August last year. As per Fintrackr, LUMIQ has been valued around at Rs 320 crore or USD 40 million, post allotment. Founded by data technologist Shoaib Mohammad, LUMIQ has

New jerseyUnited statesTamil naduShoaib mohammadNoida uttar pradeshFinancial servicesUttar pradeshInfo edgeInfo edge venturesSeason two venturesRedstart labsNoida uttar pradesh mumbai maharashtra indiaCtober 31 ani prnewswire lumiq has raised rs 44 1 crore or usd 5 million in its seriesa round led by existing investor info edge ventures 2022His is the 1st round of investment for data and analytics company which builds datastack products solutionsItha pure financial services and insurance fsi focus in this roundNfo edge ventures spearheaded the round with rs 23 41 crore while season two and redstart labs pumped in 19 51 1 2 respectively this will be used to further develop lumiq 39s presence international markets us sea