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  • Fund I

    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…
    Portfolio
    32 startups
    Years
    2011 – 2014
    Corpus
    $22M

    Highlights

    • Carbon Clean

      Active Investment
      Sectors
      ClimateTech
    • Purplle

      Active Investment
      Sectors
      E-Commerce
    • GreyOrange

      Active Investment
      Sectors
      DeepTech
    • IntrCity

      Active Investment
      Sectors
      E-Commerce, EV & Mobility, Travel
    • Exotel

      Active Investment
      Sectors
      B2B Services, Horizontal SaaS

    Latest

    • Blume Portfolio Company Mettl Acquired By Mercer

      Type
      Portfolio News
      Published
      Mar 2021
    • Blume Ventures-Backed E2E Networks Makes Its IPO Debut On NSE Emerge

      Type
      Portfolio News
      Published
      Mar 2019
    • Blume Portfolio Company GreyOrange Robotics Raises $140 Million From Mithril, Binny Bansal, Blume And Others

      Type
      Portfolio News
      Published
      Mar 2019
      Topics
      • #Announcement
      • #Fundraise
    More on Fund I

  • Fund II

    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…
    Portfolio
    38 startups
    Years
    2015 – 2017
    Corpus
    $60M

    Highlights

    • Unacademy

      Active Investment
      Sectors
      EdTech
    • Slice

      Active Investment
      Sectors
      FinTech
    • Spinny

      Active Investment
      Sectors
      EV & Mobility
    • Servify

      Active Investment
      Sectors
      SMB & Vertical SaaS
    • Locus

      Active Investment
      Sectors
      DeepTech, EV & Mobility, SaaS

    Latest

    • Inconvenience Is Regretted, Convenience Is Not

      Sectors
      E-Commerce, Retail
      Published
      Jun 2022
      Topics
      • #Marketing
    • A Mesh(Y) Start To A Rich Slice Of Life – Rajan Bajaj’s Journey Of Building A Unicorn

      Sectors
      FinTech
      Published
      Mar 2022
      Topics
      • #Unicorn
    • Vokal – The Largest Knowledge-Sharing Platform For India’s Non-English Speaking Segment

      Type
      Portfolio News
      Published
      Mar 2019
    More on Fund II

  • Fund III

    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…
    Portfolio
    24 startups
    Years
    2018 – 2020
    Corpus
    $102M

    Highlights

    • Classplus

      Active Investment
      Sectors
      EdTech
    • LambdaTest

      Active Investment
      Sectors
      SaaS
    • Jai Kisan

      Active Investment
      Sectors
      FinTech, AgriTech
    • Euler Motors

      Active Investment
      Sectors
      EV & Mobility, ClimateTech
    • Leverage Edu

      Active Investment
      Sectors
      EdTech

    Latest

    • LambdaTest’s Phenomenal Journey From An Underdog In Cross-Browser Testing To “AWS For Testers”

      Sectors
      SaaS
      Published
      Apr 2022
      Topics
      • #DeveloperTools
      • #Portfolio
    • Pixxel Crosses The First Frontier In Building A Health Monitor For Earth, And The Space Odyssey Has Just About Begun

      Sectors
      DeepTech
      Published
      Apr 2022
      Topics
      • #Innovation
    • Agara’s Journey From Seed To Coinbase’s First Acquisition In India

      Sectors
      DeepTech, SaaS
      Published
      Nov 2021
      Topics
      • #MachineLearning
      • #ArtificialIntelligence
      • #Exits
    More on Fund III

  • Fund IV

    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.
    Portfolio
    14 startups
    Years
    2021 – 2022

    Highlights

    • Battery Smart

      Active Investment
      Sectors
      EV & Mobility, ClimateTech
    • Sourcewiz

      Active Investment
      Sectors
      SMB & Vertical SaaS
    • Stage

      Active Investment
      Sectors
      Media, Entertainment & Gaming

    Latest

    • Blume Ventures elevates seasoned investors Sajith Pai and Arpit Agarwal to Investment Partners

      Type
      Blume News
      Published
      Mar 2023
    • Why We Invested In Vecmocon

      Sectors
      ClimateTech, EV & Mobility
      Published
      Oct 2022
    • Our Partnership With Bluecopa – Bringing The Next Generation Of Business Observability & Finance Operations For The Data-Driven Intelligent Enterprise

      Sectors
      SaaS
      Published
      Aug 2022
    More on Fund IV
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