Betting big on India’s fast-growing lighting market, Corvi LED has secured $8 million to expand distribution, launch new products, and strengthen global ambitions.
Mumbai-based lighting startup Corvi LED has raised $8 million in a Series B funding round led by Enam Investments, as the company looks to scale operations, strengthen distribution, and expand its footprint across India’s consumer and commercial lighting segments.
The fresh capital will be deployed towards marketing, product development, and distribution expansion in both the business-to-consumer (B2C) and business-to-business (B2B) markets. The company is also preparing to launch a new portfolio of LED lighting products focused on ergonomic design, aesthetics, and energy efficiency.
Founded in 2012 by Vimal Soni, Corvi LED manufactures a range of lighting products across categories, including bulbs, tubes, flat panels, and surface lights. The company claims to hold more than 100 patents and registrations related to lighting technologies and product design. It currently exports to 24 countries across Europe, the Middle East, Africa, and Southeast Asia.
Commenting on the funding, Soni said the company plans to continue investing in design-led innovation, sustainability, and efficiency at a time when the Indian LED lighting market is being driven by urbanisation, real estate growth, smart city projects, and rising demand for energy-efficient solutions.
According to industry estimates cited in startup reports, India’s LED lighting market is projected to grow from $4.2 billion in 2023 to nearly $6.8 billion by 2030, supported by increasing adoption of modern lighting technologies in residential and commercial spaces.
The latest funding comes nearly seven years after Hero Enterprise invested $10 million in the company in 2017.
