In 2010, Karthik and Sanjay started Blume Ventures, with a mission to reimagine startup finance for India. They did that by creating an unusual kind of venture firm, one that could move with the speed of an angel investor, but be institutionalized in its approach. Blume bridged a gap that had existed in the Indian venture market then, between local angel networks and larger global venture capital firms.
Along the way, this startup venture fund of ours has grown, backing transformational ventures and passionate founders, across our 3 funds to become a key player in India’s startup ecosystem. En route, we have invested in and helped build over a 100 startups, across geographies and verticals.
All of these startups are united by a common theme: they are looking to solve uniquely Indian problems, ones that emerge out of the vast complexities of building for and operating in the Indian sub-continent, with its 23 official languages, distinct cultural groups and disparate income levels. While the solutions are for India, their aspirations and attitudes are global, and they remind us that the next wave of global startups are beginning to emerge out of India.
We are launching our 3rd fund this year, our biggest ever, to back the next wave of revolutionary founders and ventures. We are seeing bigger dreams, and bigger ambitions in these new founders, in larger numbers than ever before. They are targeting bigger problems and bigger opportunities, inspired and motivated by the first wave of success stories that are unfolding more rapidly now.
To support these ambitious startups, and to help them scale faster and higher, we have created a platform of services and offerings. We give our founders access to a wide network of mentors, advisors and investors. Thanks to our membership of the Draper Venture Network, a global alliance of select venture firms, our founders can interact and learn from their peers across the world. Our partnerships with leading later-stage investors, who see us a valuable source of deal flow, help our founders canvass for capital effectively and speedily.
Constellation Blu, our platform and support services arm helps our founders access transaction support, regulatory and compliance services, not to mention helping hire the right talent. Our founders are thus able to focus on what they do best – building to solve customer needs.
While all VC firms claim to help founders, Blume really does it. They are semi-founders, not investors.
Little Black Book
The Blume team - not just the partners - treats their founders as equals. They're very approachable, open-minded, and collaborative in their approach.
Blume’s team really understands the unique challenges of early stage companies. This helps immensely in cutting out the noise and taking the right strategic decisions for the firm.
TaxiForSure > Ola
Blume treats its companies as 'customers' and not part of a 'portfolio', and are one of the friendliest VCs who offer more than just financial help.
Runnr > Zomato
Blume has the nicest set of folks you will ever meet, work or otherwise.
Community Networks and Platforms
Partnerships with leading later-stage investors
Wide network of mentors and advisors