Ashish Fafadia, Investment Partner at Blume Ventures, talks to CNBC TV18 about Fund 1Y's first close
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Fund1Y is Blume’s third growth fund, where Blume has already raised INR 200Cr of the INR 400Cr target with visibility for the remaining corpus.
Ashish speaks about how Blume Ventures will utilize the funds from Fund 1Y, how to raise a new fund in today's tough macroeconomic environment, and the importance of raising secondary funds, a common practice across global VCs, in delivering outsized returns to LPs.