Consumer lighting company Corvi LED has raised $8 million in a growth capital round led by Enam Investments. The fresh funding has come after a hiatus of seven years for the company .

This funding will allow Consumer lighting company Corvi LED has raised $8 million in a growth capital round led by Enam Investments. The fresh funding has come after a hiatus of seven years . They will also strengthen its market presence in B2C and B2B segments and is set to introduce a range of new LED products that meet the modern demand.

Company was founded in 2012 by Vimal Soni , Corvi offers a portfolio of more than 100 products spanning across 7 categories like bulbs, tubes, flat, surface and others. As per the company, it has set global benchmarks with top efficiency ratings and features such as eliminating metal bodies, drivers, and heat sinks.

Company reported a minor decline in operating revenue to Rs 15.5 crore from Rs 16.65 crore in FY22. During the period, its losses increased to Rs 9.74 crore from Rs 7.41 crore. The firm is yet to file its annual financial statements for FY24.

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