Mumbai-based lighting product design startup Corvi LED raises $8 million

Mumbai-based Corvi LED Light, a startup specializing in lighting design, has raised $8 million in its Series B funding round led by Enam Investments. 

This funding will help Corvi expand its operations, enhance marketing and distribution efforts, and grow its presence in both consumer and business markets.

With the new funds, Corvi plans to broaden its product range, improve its technology, and enter new markets. Vimal Soni, Corvi's Founder, emphasized that despite a slowdown in innovation in the LED industry, Corvi continues to lead with its focus on design, research and development, and efficiency. 

He believes this investment will drive further advancements in lighting technology, aiming to set new standards for sustainability and user experience.

Investor Vallabh Bhanshali, Chairman of Enam Group, expressed enthusiasm about partnering with Corvi. He praised the company's innovative approach and high-quality lighting products, noting the significant potential for Corvi to impact the LED market in India. 

Bhanshali is confident that Corvi will produce top-notch products that could transform the lighting industry in the country.

Corvi LED, established in 2012, is known for its commitment to design, efficiency, and sustainability. The company offers over 100 products in various categories, including bulbs, tubes, flat panels, and surface lights. 

It has set high standards with its efficient products and unique features, like avoiding metal parts and heat sinks. Corvi holds over 100 patents and has expanded its reach to 24 countries across Europe, the Middle East, Africa, and South-East Asia.