Blume Ventures

Investor type Venture Capital
Founders Karthik Reddy Sanjay Nath

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 248
Average round size
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The average size of a deal this fund participated in
$7M
Portfolio companies 138
Rounds per year 24.80
Lead investments 50
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.44
Exits 18
Key employees 4
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • E-Commerce
  • Software
  • Internet
  • Mobile Apps
  • SaaS
Summary

In 2011 was created Blume Ventures, which is appeared as VC. The main department of described VC is located in the Mumbai. The venture was found in Asia in India.

The higher amount of exits for fund were in 2018. Considering the real fund results, this VC is 15 percentage points more often commits exit comparing to other organizations. Deals in the range of 5 - 10 millions dollars are the general things for fund. The important activity for fund was in 2019. The fund is generally included in 13-24 deals every year. The average startup value when the investment from Blume Ventures is 50-100 millions dollars. Comparing to the other companies, this Blume Ventures performs on 20 percentage points less the average number of lead investments.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the most popular fund investment industries, there are E-Commerce, Health Care. For fund there is a match between the location of its establishment and the land of its numerous investments - India. Among the most popular portfolio startups of the fund, we may highlight GreyOrange, Kaleidofin, Rizort. The fund has no exact preference in a number of founders of portfolio startups. When startup sums 4 of the founder, the probability for it to get the investment is little.

The current fund was established by Karthik Reddy, Sanjay Nath. Besides them, we counted 8 critical employees of this fund in our database.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Blume Ventures, startups are often financed by Rajan Anandan, Nexus Venture Partners, BEENEXT. The meaningful sponsors for the fund in investment in the same round are BEENEXT, Accel, Nexus Venture Partners. In the next rounds fund is usually obtained by Sequoia Capital India, BEENEXT, Accel.

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Related Funds

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These funds often invest in the rounds preceeding the rounds of Blume Ventures:
Typical Co-investors
Blume Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Blume Ventures:

Funds with similar focus

Funds from India
Funds with similar focus located in India:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Stage 3

E-Commerce
Fashion
Leisure
Lifestyle
$2M08 Dec 2021 New Delhi, Delhi, India

slice

Banking
Consumer
Consumer Lending
Coupons
Financial Services
FinTech
Internet
Lending
Payments
Service Industry
$220M29 Nov 2021 Bengaluru, Karnataka, India

Euler Motors

Automotive
Autonomous Vehicles
Electric Vehicle
$9M22 Nov 2021 New Delhi, Delhi, India

Battery Smart

Automotive
Battery
$7M09 Nov 2021 Delhi, Delhi, India

Purplle

Beauty
Cosmetics
E-Commerce
Mobile Apps
Retail
Shopping
$75M29 Oct 2021 Mumbai, Maharashtra, India

LoveLocal (formerly m.Paani)

Business Intelligence
E-Commerce
Local Shopping
Retail Technology
Small and Medium Businesses
Social Entrepreneurship
Women's
$18M28 Oct 2021 Mumbai, Maharashtra, India

IDfy

E-Commerce
FinTech
Fraud Detection
Information Services
Information Technology
Insurance
Internet
Machine Learning
$11M21 Oct 2021 Mumbai, Maharashtra, India

WebEngage

Enterprise Software
Marketing Automation
Personalization
SaaS
$5M13 Oct 2021 Mumbai, Maharashtra, India

Smartstaff

Internet
Software
Virtual Workforce
$4M04 Oct 2021 Bangalore, Karnataka, India
News
Ultrahuman Raises $17.5M in Series B Funding

– Ultrahuman, a Bengaluru, India-based healthtech wearable glucose tracker, raised $17.5m in Series B funding.
– The round was led by Alpha Wave Incubation (AWI), Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund, as well as Tiger Global’s Scott Schleifer, Sandeep Singhal, Kunal Shah, Sujeet Kumar, Deepinder Goyal, Gunjan Patidar, Gaurav Munjal, Revant Bhate, Mohit Gupta, Vikram Dhingra and Roman Saini.
– The company intends to use the funds for geographical expansion and improvement of its biomarker technology.

Amazon backs Indian wealth management service Smallcase in $40 million funding

Amazon backed Bangalore-based startup Smallcase in a $40m Series C financing round.
– The round was led by Faering Capital and Premji Invest.
– Existing investors Sequoia Capital, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures and HDFC Bank also participated in the new round.
– Smallcase offers a platform to help introduce a new generation of investors to the Indian equity markets.
– The startup offers an in-house team of licensed professionals who offer more than 100 portfolios of stocks and exchange-traded funds, as well as provides its users access to independent investment managers, brokerages and wealth platforms.
– Smallcase has amassed over 3 million users, who are transacting about $2.5 billion each year.

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