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 Indian venture funds of all-time.
