Portfolio

Blume closed Fund I (2011-14) at ₹100Cr (today $12.5M, but at then exchange rates, $22M), raised almost entirely from domestic investors. In Fund I, Blume invested primarily at the pre-seed stage ($200-300K cheque sizes) across consumer (Purplle, TaxiforSure, Intrcity), Enterprise SaaS (Mettl, IDfy, ZipDial) and deeptech (GreyOrange, Carbon Clean) to emerge as a prominent micro-VC in the nascent Indian…

Fund II (2015-17) was larger ($60M, ₹400Cr at then exchange rate) and saw the participation of international institutional LPs (Limited Partners). Blume’s cheque size increased to $400-$750k and enabled it to transition to a seed stage fund. With winners such as unicorns Unacademy, Slice, Spinny and soonicorns such as Servify, smallcase, Locus etc., Fund II is emerging as one of the best performing…

Fund III (2018-20) saw Blume evolving from a pure seed to a Seed / Pre-Series A fund. With a final close of $102M Fund, Blume could now write larger cheques. The 2020 COVID-led boom also saw seed and pre-Series A cheque sizes balloon. In Fund III, Blume’s cheques ranged from $750K – $2.3M. Early winners from Fund III include Classplus, LambdaTest, Euler, Leverage, Jai Kisan, and Pixxel, among…

Blume is presently investing out of Fund IV (2021 onwards). The final close is expected by end ’22 and we hope to close this well above $200m. Early breakouts include EV player Battery Smart and exporter SaaS Sourcewiz.