Investor Profile: Lumis Partners — Thesis, Cheque Size & How to Apply

Lumis Partners funding is on the radar of founders building in healthcare services, supply chain and the future of work — and for good reason. This Delhi-based operating private equity firm has made about 50 investments since 2006, working as a co-builder in fragmented value chains rather than a passive capital provider. If you are researching how to get funding from Lumis Partners, here is its thesis, cheque sizes, portfolio and how to approach the firm.

Thesis & focus

Lumis Partners runs a distinctive Labs model. It organises investing around four labs — Age Labs, Work Labs, Capital Labs and Supply Chain Labs — each targeting a fragmented value chain that technology can reorganise: aging and elder care, the future of work, SME commerce and supply chain. Co-founder Rohit Bhayana has called India a perfect crucible for building such solutions before taking them global. Unlike names on any list of angel investors in india, Lumis takes deep operational involvement — strategy, hiring and cross-portfolio synergies — and builds ecosystems of complementary companies inside each chosen sector.

Sectors & stages

The firm is sector-focused and historically backed growth-stage companies with at least a couple of million dollars in revenue, taking stakes of 25 per cent and above. Its hunting grounds include healthcare services (hospital management, healthcare IT, corporate healthcare), education and human capital services, services and supply chain management, and technology and consulting. Supply Chain Labs is a domain-focused, stage-agnostic fund for early-growth to growth-stage companies with proven product-market fit; it counted 19 startups in 2021, growing at over 100 per cent year-on-year.

Fund size & cheque size

A 2021 factsheet put assets under management at $150 million across a 40-company portfolio, with a sweet-spot ticket size of $0.5 million to $15 million and 9 exits recorded. In 2022 the firm said it would deploy about $500 million over the next 36 months across its labs. Earlier vintage cheques ran $5 million to $10 million. A current AUM figure is not publicly disclosed.

Notable portfolio

Portfolio companies include BNK eSolutions (healthcare and IT aftermarket BPO, majority stake), Hosmac (hospital management consultancy), Nextgen (IT services for healthcare providers), karROX Technologies (IT training; stake bought from SIDBI Venture Capital), Orange Cross (corporate healthcare services) and Talentedge (interactive edtech).

Key people

Sandeep Sinha and Rohit Bhayana are co-founders and managing partners. Sinha is an alumnus of the Delhi Institute of Technology and the London School of Economics, with earlier stints at General Electric and 3Com. Industry databases also name partners Prajakt Raut, Arjun Malhotra, Neelam Dhawan and Mukesh Aghi.

Programs, credits & perks

Beyond direct investing, Supply Chain Labs runs a fellowship programme plus fund for supply-chain startups. Lumis partnered with TiE Delhi-NCR on the TiE-Lumis Partners Excellence Awards for young ventures. The firm does not publicly advertise startup credits or perks; its stated value-add is hands-on operational support and cross-portfolio ecosystem leverage.

How to apply for funding

How to apply for funding from Lumis Partners: there is no public application route; introductions only. Founders typically reach the partners through warm introductions in the Delhi-NCR investor and operating community, or through sector platforms such as Supply Chain Labs.