Blume Ventures Company Profile, Investment and Team

Blume is an early-stage venture fund that supports startups with both investment and hands-on mentoring. We primarily back tech-led startups, led by founders dedicated to solving hard problems, uniquely Indian, while targeting large markets. Their goal is to become the top platform that sources, funds, nurtures, and adds value to India's brightest young startups—helping them thrive and Blume.

Founded by Karthik Reddy and Sanjay Nath

Headquaterd In: Fund size of Blume Ventures investments: Blume is currently investing from Fund IV (2021 onwards). It is the largest fund to date, valued at $290 million.

Blume Ventures' investments and portfolio companies

Over the last 15 years, Blume Ventures has invested in 305 companies, averaging 21 new investments per year over the last 10 years. In 2024, it made 53 investments, while as of March 2025, it has made 6 investments this year. Its most recent first-time investment was in goSTOPS, and the latest follow-on round was in Swish Club.

In which sectors mostly Blume Ventures invest?

Blume Ventures has invested in various types of companies, including in applications, consumer, high tech, fintech, and retail. Notably, it has backed 276 tech companies, 162 business-to-business (B2B) companies, 160 business-to-consumer (B2C) companies, and almost 127 software-based companies. Moving Tech Innovations Ltd, the company behind community-based mobility apps like Namma Yatri and Yatri Sathi, has raised $11 million in a pre-Series A funding round. The investment came from Blume Ventures, Antler, and Google.

Recent News of  Blume Ventures

• SiftHub, an AI-enabled Software-as-a-Service (SaaS) platform, has raised $5.5 million in its seed funding round. The investment was led by Matrix Partners India and Blume Ventures with participation from Neon Fund.

• Wearable tech startup, Ultrahuman has raised $35 million in its Series B round from various investors such as Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave, and Deepinder Goyal. 

• Blume Ventures, which is known for backing popular unicorns, has made the first close of its third growth fund at Rs 200 crore.

• Industrial robotics startup Ati Motors has raised $10.85 million (Rs 89 crore) in a Series A funding round. The investment was led by Silicon Valley-based True Ventures, Athera Venture Partners, along with its existing investors Blume Ventures, Exfinity Venture Partners, and MFV Partners.

• Leverage Edu, a platform run by Leverage EdTech Pvt Ltd, has secured Series C funding of $40 million, which is led by Princeton-based language testing conglomerate ETS and other investors such as Blume Ventures, DSG Consumer Partners, and Kaizenvest PE.

• Smartstaff, a blue-collar workforce management firm, has raised $6.2 million in a Series A funding round. The investment comes from various investors such as Nexus Ventures, Arkam Ventures, Blume Ventures, and Alteria Capital.

• Battery Smart, a battery-swapping network platform for electric two- and three-wheelers, has raised $33 million in pre-Series B funding.

• Tiger Global, Blume Ventures, and other investors also invested in this round.

• Sustainable packaging startup Bambrew has raised Rs 60 crore in a Series A funding round, combining equity and debt. The round is led by Blume Ventures.

• Edtech firm Interview Kickstart secures $10 million of funding from Blume Ventures.

• Flash.co raises $6.7 million in a pre-Series A round led by Blume Ventures, and other existing investors such as White Venture Capital and Emphasis Ventures.