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Blume Ventures – Fund III

  • Managing Partner:
    Karthik Reddy
  • Managing Partner:
    Sanjay Nath

URL:http://blume.vc/

COMPANY PROFILE

Blume is India’s largest homegrown and most active tech-focused early stage VC firm with an AUM of over $200M.

Blume is one of the most active tech-focused VC funds in India. With its new $102M fund, Blume is investing actively in Indian tech startups that innovate for global markets. The emergence of GreyOrange, Tricog, Locus, Stellapps, Carbon Clean Solutions, Unacademy, and many more innovation-heavy early winners across Funds I and II along with strong exits and a comprehensive platform approach gives Blume an upper hand today in driving the best founders to work with them and create a repeatable success story overseas.

COMPANY STORY

Origin

Founded in 2010 by Karthik Reddy and Sanjay Nath, Blume raised its first fund of $20M in 2011, which was supplemented with an Opportunity Fund. It subsequently raised a $60M Fund II in 2015, a $41M Fund IIA Opportunity Fund and a $102M Fund III in 2018.

Strength

Blume has spurred the emergence of deep-tech ecosystem in India by investing in GreyOrange, Tricog, Locus, Carbon Clean Solutions, and many more innovation-heavy startups. Blume is also the pioneer of Platform approach in India with Constellation Blu (Advisory Services), Passion Connect (Hiring), Draper Venture Network (Cross-border support), Arka (Indo-US B2B tech) and BUDHA (deep tech investment). Some of the key exits from Blume’s portfolio include Taxiforsure (acquired by Olacabs), Zipdial (acquired by Twitter), Minjar (acquired by Nutanix) and E2E (partial exit with IPO listing on NSE Emerge).

UTEC value up

UTEC is Blume’s largest LP from Japan and has partnered with Blume to launch an initiative called BUDHA (Blume UTEC Deep-tecH Accelerator) to invest in Indian startups working on deep science and technology, and empower them to emerge as winners in global markets. BUDHA portfolio includes startups such as TartanSense (Precision robotics for small farm holders), Ethereal Machines (5-axis additive and subtractive printing), Euler Motors (EV for last mile logistics), Agara Labs (conversational AI for customer support automation) and RayIoT (contactless monitoring of body’s vital functions)
  • Blume Day 2020

  • Partnering with Exceptional Founders