Krishnan Menon -Jeff Bezos
Kochi: Lumo (lummoshop.co.id), an Indonesian software-as-a-service (SaaS) company run by Malayali Krishnan Menon has received funding from Amazon founder Jeff Bezos among others who participated in the $80 million ‘Series C’ funding round. Notably, global investors like Google (CapitalG), Tiger Global and Sequoia Capital India participated in the funding round. Bezo who is one of the world’s richest persons funded Lumo through his private investment firm Bezos Expedition.
According to Menon, who is the CEO and founder of Lumo, receiving Bezos investment is a great recognition. With this new investment, the plan of the company is to extend the business and increase the workforce. At present, the company has a development centre in Bengaluru apart from its headquarters in Indonesia’s Jakarta. It is learnt that the company will expand to Vietnam, Thailand and Philippines.
Meanwhile, Menon hails from Palakkad’s Ottapalam. After completing his post-graduation from Rajasthan’s BITS Pilani he did his post-graduation in France. It was at that time he first visited Indonesia for an internship in a company called ‘Lasada’. He later was placed with the same company. After working there, he returned to India and joined a company called Freecharge. He went back to Indonesia and launched a furniture start-up. After dropping that Menon in 2019 was launching Lumo.
Lumo basically works like Shopify which help small businesses to launch web store. The technology used is SaaS.