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 startup / venture landscape.
