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Lumikai operates as a specialized venture capital fund, strategically deploying capital into the interactive media, digital platforms, and gaming sectors across India. The firm actively backs early-stage companies, providing essential financial support and strategic guidance to foster innovation and development within these dynamic industries. Its investment thesis centers on identifying and nurturing companies that are poised to shape the future of digital engagement and entertainment.
The fund was co-founded in 2020 by Justin Shriram Keeling and Salone Sehgal, drawing on their extensive collective experience as investors and operators in the digital media and gaming ecosystems. Their insight recognized an emerging opportunity and an underserved need for dedicated early-stage capital within India's burgeoning interactive media landscape, leading them to establish the region's first specialized fund of its kind.
Lumikai primarily serves as a financial and strategic partner to ambitious founders and startups in the Indian interactive media and gaming space. The company's long-term vision is to be a foundational catalyst for the country’s interactive entertainment industry, cultivating a vibrant ecosystem that produces globally competitive digital experiences and positions India at the forefront of the global interactive media economy.
Key people at Lumikai.
Lumikai has 5 tracked investments across 4 companies. The latest tracked deal is $1.2M Seed in AskMyGuru in August 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 19, 2025 | AskMyGuru | $1.2M Seed | Lumikai | M League, Amarnath Thombre |
| Mar 22, 2024 | Vobble | $1.0M Seed | Lumikai | Blume Ventures |
| Sep 1, 2023 | EloElo | $22.0M Series B | Griffin Gaming Partners, Courtside Ventures | 1UP Ventures, Andreessen Horowitz, BITKRAFT Ventures, Comcast Ventures, Insight Partners, Team8, Teclub, Akin Babayigit, MEG Whitman, Yuval Shahar, Convivialite Ventures, Kalaari Capital, MIXI, Rocket Capital, Waterbridge Ventures |
| Jun 3, 2022 | EloElo | $13.0M Series A | Kalaari Capital, KB Investment | Convivialite Ventures, Akarsh Dhaiya, Waterbridge Ventures |
| Jan 1, 2022 | Crater.Club | $500K Seed | Lumikai | — |
Key people at Lumikai.