Price hikes are inevitable, AI discovery is the future, say Lumio founders Raghu Reddy and Kailash Sankarnarayanan

The home entertainment market in India has changed drastically in the past couple of years. From racing to pack brighter panels, thinner bezels and louder speakers in a single device to focusing on content discovery and on-device AI, the smart TV space has evolved rapidly in a short span of time. This shift has not only intensified competition in an already crowded Indian market but it has also begun to change what buyers expect from their smart TVs. Interestingly enough, at a time when most brands are selling hardware specifications, Lumio, a homegrown home entertainment brand founded by Raghu Reddy and Kailash Sankarnarayanan, is taking a different approach – it is building features, rather experiences, that aim to solve everyday issues of Indian users.