Blume Ventures – India’s VC raises $102 Mn in Fund III to back early-stage startups

Image details: From left – Blume Ventures partners, Karthik Reddy, Ashish Fafadia and Sanjay Nath


Indian early-stage focussed venture capital firm Blume Ventures on Wednesday (19 February) closed its Blume Ventures Fund III at $102 million to invest in early-stage startups, as said in the statement by the company yesterday…

“Blume’s newest fund will continue to back early stage startups focusing on the two distinct opportunity sets that India offers, opportunities that leverage the mobile-led explosion of the Indian digital-first economy and Indian engineering and science translated to global market opportunities,”

The fund III portfolio already includes more than 10 investments including HealthAssure, Taaraka, Stage3, Jai Kisan, TartanSense, Procol, Classplus, Tapchief and LeverageEdu.

Through Fund I and II, Blume Ventures has invested in companies like Unacademy, Grey Orange, Spinny, Turtlemint, Dunzo, Healthifyme, Purplle, Railyatri (IntrCity) and others. Commenting on the performance of Blume Ventures underlining Fund I and Fund II, Karthik Reddy, Co-founder and Managing Partner of Blume Ventures said…

“We are very proud of our founders and team who have delivered outstanding performance over the last three years, thereby strengthening the Blume brand and track record immensely,”

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Wajiha Wahab
Wajiha Wahab

Part of the editorial team at LAFFAZ, Delhiite by birth, Wajiha possesses a keen interest in reading about startups, accumulating information and presenting the same to the audience impressively.
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