In a strong show of confidence from global and domestic investors, Blume Ventures, one of India’s most prominent early-stage venture capital firms, has announced the first close of its fifth fund at $175 million (around INR 1,460 crore). The Mumbai-based VC firm, known for backing category-defining startups such as Purplle, Unacademy, Spinny, and Slice, is targeting a total corpus of $250 million for Fund V, which will make it Blume’s largest fund to date.
A Testament To Maturity And Consistency
Founded in 2010 by Karthik Reddy and Sanjay Nath, Blume Ventures has steadily evolved from a small seed-stage investor to one of the most influential players in India’s early-stage ecosystem. Over
...
