Blume Ventures

Established in 2010 by Karthik Reddy and Sanjay Nath, Blume Ventures has become one of India's most prominent early-stage venture capital firms. With the goal of transforming startup financing in India, Blume acts as a bridge between angel investing and institutional venture capital, supporting founders from the earliest stages and staying committed partners throughout their growth.

Investment Philosophy & Focus:

Blume Ventures primarily invests in tech-driven startups that are "Indian at heart," addressing distinctly Indian challenges while often aiming for global influence.

The firm favors startups with some level of customer validation, such as a launched product, active user base, or initial revenues.

For B2B or e-commerce startups, an annual revenue milestone of ₹3 crore is a good target; for marketplaces, a monthly GMV of ₹50 lakhs; and for consumer apps, at least 25,000 MAUs or 5,000 DAUs.

Exceptions are considered for experienced or repeat founders.

Blume provides startups not only with capital but also with active mentoring, business development, hiring, and fundraising support.

Sectoral Approach & Portfolio:

Blume's fourth fund, valued at $290 million, is its largest to date, with 60–65% allocated to domestic sectors such as healthcare, financial services, e-commerce, brands, jobs, education, digital media, and gaming.

The remaining 35–40% is directed towards SaaS and Deep Tech, including Clean Tech, manufacturing, and blockchain, often supporting Indian engineering talent targeting global markets.

Their portfolio includes over 100 startups, featuring unicorns like Unacademy, slice, Purplle.com, and Spinny, as well as deep tech leaders GreyOrange and Carbon Clean.

Notably, 17 companies from their first fund generated 98% of its gross returns, with GreyOrange, Carbon Clean, and Turtlemint contributing nearly three times the fund's total value.

Performance & Impact:

Blume's inaugural fund has delivered returns exceeding 5x, with expectations of reaching 6x by its complete lifecycle—well above the industry average. Despite a 50% loss ratio by count, their successful investments have more than compensated, demonstrating the value of supporting bold founders early.

Blume Ventures is more than just a fund—it is a true partner, aiding India's brightest founders in "bluming" into global leaders. Their combination of local insight, sectoral expertise, and founder-first approach continues to shape the future of Indian innovation.