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For homegrown seed funds, taking their investee startups to the next round, navigating the oligopoly of ten funds which dominated the Series A stage, was the hardest challenge, according to Reddy. He explains how the VC fund established itself against the odds.

Blume Ventures, a venture capital firm that has backed unicorns such as Unacademy, Slice, Purplle, Spinny, and others, recently announced its inaugural fund. Its extension Fund IA, has received five times the capital invested so far. This capital is projected to realize six…