The Omega Files | Episode 2

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Slide titled The Omega Files, showing Episode 2 Nov 2024 and description of a deep dive into Blume Fund, portfolio lessons, pattern matching, IRRs and guest fund features, with speaker Karthik and Adighya of Blume displayed

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 year, the questions were Why?’, Why?” and “ Why?”. Why did you do it?” I surveyed my team and got one set of answers to the Why’s and then I wrote all my own reasons.

Then, there is the reader’s curiosity to address. What more can you tell us?”, What’s the IRR?”, How is it computed?” How does it benchmark?” We have delved into this in Ep2.

Also, we believe it’s time for Indian venture funds to script their own narrative. Let’s see how our own desi’ power laws play out. We extended the invite; from one guest fund last year to more funds this year and we intend to keep the tradition going in Future editions. 

A special shout-out to Naman Biyani (IIM‑A 24) and Maitri Vora (IIM‑B 24) who have been incredible interns supporting this endeavor.

Blume Ventures proudly presents Episode 2 of The Omega Files.

Authors

  • Profile photo of Adithya Santhosh

    Adithya Santhosh

    Adithya oversees key strategic initiatives and growth planning at Blume, primarily spanning corporate development; fund strategy; venture platform innovation; and industry-policy representation. He also advises select portfolio…
    Current Section
    Associate Vice President, Strategic Planning
  • Profile photo of Karthik Reddy

    Karthik Reddy

    Karthik Reddy is the Co-founder and Managing Partner at Blume Ventures, one of India’s leading early-stage venture funds with over US$900 million in AUM. Blume invests in emerging tech and tech-led innovation from Seed to Series A…
    Current Section
    Co-founder & Partner
    Sector
    Media, Entertainment & Gaming, ConsumerTech