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In the age of AI, every job function is changing rapidly, product management included.Product, by itself, has always been a slightly vague role. And in early-stage teams, it becomes even more fluid. What you work on, how you execute, and even what ​“good” looks like keeps shifting from startup to startup.But despite all of this, the core tenets of building products…

India’s public markets have quietly become one of the most consequential capital formation machines in the world. From 2015 – 24, 377 companies listed — with combined revenue of ₹16,500 Bn ($218 Bn) and market cap of ₹37,925 Bn ($501 Bn) at listing. By FY25, aggregate market cap had doubled to ₹77,065 Bn. The compounding is real, and it is accelerating.But volume and market cap…

Artificial intelligence is rapidly becoming the operating system of revenue. Whether you build something from scratch in-house or buy a third party platform, AI-native software is reshaping how companies sell, retain customers, and scale growth across every level of the revenue organization. This BluPrint is a comprehensive view on where revenue AI stands today, where the biggest pain…

Credit is the invisible engine behind nearly every meaningful economic outcome, whether it is a small business buying inventory, a household purchasing its first home, or a solar installer scaling distribution. Yet in India, credit remains structurally under-penetrated relative to the scale and ambition of its economy.This gap is not due to lack of demand, but historically due to gaps in data,…

India’s Public Markets Aren’t Cyclical. They’re Compounding.A decade of listings suggests the country’s public markets are entering a phase of sustained expansion. India’s public markets, long thought to move in bursts of speculative enthusiasm, are beginning to look more like a compounding machine of capital formation. Over a decade-long review of mainboard listings shows…

The Indian IPO and exits market in 2025 marked an important inflection point for the PE/VC ecosystem; the year reflected operational maturity, profitability, and liquidity-driven out​comes​.In calendar year 2025, 21 PE/VC backed companies issued shares worth approximately ₹52,514 crore (~$6 billion) through mainboard IPOs, comprising both fresh issue and offer-for-sale…

India stands at a defining moment in its payments journey, from UPI’s global recognition to the emergence of digital rupee pilots and new cross-border corridors. As the world’s most sophisticated real-time payments ecosystem scales toward 2035, the next decade will determine whether India can sustain innovation while balancing inclusion, interoperability, and monetary sovereignty. The most compelling axis…

This is Part II of a two part series that explores the intersection of fintech and AI. For Part I, click here.For over a decade, India’s fintech story was about building rails — Aadhaar gave identity, UPI made money instantly, Account Aggregators promised consented data etc.Together, they unlocked access…

We all grew up listening to how ​“diamonds are forever.” De Beers didn’t just sell stones — they sold permanence, rarity, and emotional weight. For decades, that narrative shaped how India thought about jewellery: gold for security, diamonds for milestones, and both tied deeply to perceived investment value.But something fundamental is shift​ing​.At Blume, we’ve been tracking…

At Blume, we’ve been increasingly intrigued by travel as a sector. Over the last few years, the industry has fundamentally changed, not just in how people book trips, but in terms of how they think about travel itself.Today’s platforms are largely transactional. They help you book, not discover. The discovery mantle has quietly moved to Instagram, WhatsApp groups, and creators. Personalisation still feels…

The global energy game is being rewritten rapidly. We’re witnessing a seismic shift as the world races to decarbonize, electrify, and supercharge infrastructure. The global population is rising, but more importantly, so are our living standards, both of which fuel this energy demand growth. But the primary drivers, and the major load additions to the grid will be through AI data centers, electrification of…

A paramount shift in computing is happening by leveraging quantum mechanics to process information at speeds that classical computers will never achieve. As quantum technology matures from theoretical research into real-world applications, a huge opportunity exists to build foundational infrastructure and breakthrough research in India.Quantum startups are harnessing advancements in…

India’s vibrant startup ecosystem, concentrated in the eastern suburbs of Bangalore, the satellite cities of Gurgaon and Noida in the Delhi National Capital Region (NCR), the districts of Lower Parel & the Andheri East-Powai belt in Mumbai, the Southern suburbs of Chennai, and in the various scattered pockets across many other cities such as Pune, Hyderabad, Chandigarh etc., has lacked a singular…

Small and Medium Enterprises (SMEs) are pivotal in driving economic growth and innovation, yet accessing capital remains one of their most significant challenges. SME Initial Public Offerings (IPOs) have emerged as an alternative financing avenue, offering smaller enterprises a direct pathway to public markets. By listing on platforms like BSE SME and NSE Emerge, these businesses can raise growth capital,…

Welcome back to our Insights from a decade of Indian Mainboard IPOs series! In this Part 2, we shift our lens from pre-IPO demographics to the financial performance and capital efficiency of listed companies over the past decade. Join us on this journey as we aim to provide insights to help founders benchmark their companies against the financial…

India’s healthcare financing landscape represents a complex intersection of public policy and market opportunity, particularly highlighted by the significant gap in government healthcare spending at just 1.3% of GDP compared to other BRICS nations. This underinvestment, coupled with the fact that 58% of households face catastrophic health expenditures, has created a ​“Missing Middle” -…

The ​“EdTech Bluprint” offers a strategic analysis of the edtech sector, divided into four key sections. It starts by examining major shifts in edtech over the past 24 months, then broadens the lens to assess macroeconomic influences on education. From there, it narrows in on Blume Ventures’ perspective of the edtech opportunity landscape, and finally, provides a deep dive into specific areas ripe…

Episode 1 of the Omega Files did cause a bit of a flutter last year. There were also a few questions left unanswered and it was for a reason. We need to give more meaningful learnings and data each year and we don’t have a new fund to dissect each year. In fact, Blume Fund II’s declassification and analysis is still at least 3 years away. So, what analysis can one provide in between?Last…

Imagine, for a moment, a world without semiconductors — no smartphones, no internet, no self-driving cars, not even the humble digital toaster. These tiny silicon chips have quietly transformed from niche technical components to the heartbeat of the global economy, accounting for around 1% of global GDP. As we rush toward a future full of AI, electric vehicles, and smart devices, semiconductors are poised to…

India’s public markets have seen significant growth in listing over the years, with forecasts estimating 98 IPOs by the end of 2024. As more and more of our founders prepare to enter the dynamic world of public markets, we often find them inquiring about crucial aspects of IPOs, such as costs, timelines, and the scale of the process. To support this journey, we analysed a decade of Mainboard IPOs on Indian…