Blume Venture
AUM - $800 million
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Blume Ventures, founded in 2010 and headquartered in Bengaluru, manages more than $800 million across five funds. Its newest vehicle, Fund V, reached a $175 million first close in October and targets $275 million by 2026, with an outlook to back 60–65 India-focused companies in healthcare, fintech, commerce, education and gaming, while allocating the balance to globally scalable SaaS and deeptech. The firm has executed around 329 investments overall and has backed unicorns including GreyOrange, Unacademy and Ultrahuman.
Blume’s India portfolio now exceeds 200 active companies across health, infra-tech, manufacturing, mobility, commerce and applied-tech. Notable developments this yer included Euler Motors’ commercial EV truck launch, Namma Yatri’s expansion into Chennai, and Ultrahuman’s fivefold revenue rise to ₹565 crore. Recent Fund V deployments span Mave Health, Confido, Lucira, PowerUp Money and iDO, reflecting a continued preference for product-led tech and frontier innovation.
The firm combines early conviction capital with longer-horizon reserves, allowing it to stay invested as companies scale. Its strategy centers on patient, domestic-first capital coupled with global networks in SaaS, deeptech and advanced R&D. Against the backdrop of rising institutional interest in Indian tech, Blume is positioning Fund V to consolidate exposure to the next cycle of expansion-ready founders.
