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VC fund (Cat II) · Curated list

Blume Ventures

Multi-stage · Consumer Internet & Marketplaces · Mumbai

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Contact on file — shared on accepted request

At a glance

Stage focus: Multi-stage
Primary sector: Consumer Internet & Marketplaces
City: Mumbai
HQ / office: Registered office: Unit No. 4, Jetha Compound, Opp. Nirmal Park, Byculla East, Mumbai - 400027, Maharashtra, India (entity: Blume Venture Advisors Private Limited / Blume Venture Investment Manager LLP). Branch office: Cabin No. 03-09, Third Floor, FLEXONE, Building Footprint 15C2, Block 15, Road 1C, Zone 1 GIFT SEZ, GIFT City, Gandhinagar, Gujarat - 382050.
Fund registered: 2014
Investments on record: 10
Corpus (as reported): ~USD 800-900M AUM across five core funds plus continuity/opportunity vehicles (firm's own 2025-26 stated figure; some sources cite "over USD 900M"). Fund V initial close at USD 175M (Oct 2025), targeting USD 250-275M final close (~early 2026). Fund IV closed at over USD 250M (Dec 2022), which lifted AUM past ~USD 600M at that time. Fund III closed at USD 102M.
Website: blume.vc

About

Blume Ventures is one of India's leading early-stage / seed-focused venture capital firms, founded in 2010 by Karthik Reddy and Sanjay Nath and headquartered in Mumbai. It runs a market-thesis-driven strategy backing technology-led founders across Indian consumer/fintech and global enterprise software. It has raised five core funds (Fund III at USD 102M, Fund IV at USD 250M+ in Dec 2022, and Fund V which took an initial close of USD 175M in Oct 2025). It is the institutional investor behind companies such as Unacademy, Slice, Spinny, Purplle, Dunzo and smallcase.

Investment focus

Stage: Seed / early-stage (pre-seed to Series A), typical Fund IV ticket ~USD 1-5M. Sectors: India consumer tech & fintech (B2C), global enterprise/SaaS (B2B), plus AI, climate tech, capital-efficient consumer brands, insurance and credit.

SEBI registration

SEBI AIF Category I — Venture capital — reported as “Seed / early-stage venture capital (micro-VC origins) / Cat I/Cat II”

IN/AIF1/14-15/0106
IN/AIF1/15-16/161
IN/AIF1/18-19/0599
IN/AIF1/18-19/0558
IN/AIF2/21-22/0947
IN/AIF1/21-22/0966
IN/AIF2/24-25/1636
IN/AIF1/25-26/1853

SIDBI Fund of Funds

On the SIDBI FFS list

Funds: BLUME VENTURE INDIA FUND IV; Blume Ventures - III

Yes — on official SIDBI FFS supported-AIF list (BLUME VENTURE INDIA FUND IV; Blume Ventures - III)

Notable portfolio

Unacademy; Slice; Spinny; Purplle; Dunzo; GreyOrange; smallcase; Ultrahuman; Carbon Clean; Exotel

Team & organisation

Private VC — clean (no government/public-university ownership). Note: British International Investment (UK DFI) is a Limited Partner in Blume India Fund IV, but that is a fund investor, not an owner/operator of the firm. Name collision to avoid: "Blume Equity" is a separate, unrelated London-based growth-equity firm. Emails such as [contact on file] / [contact on file] appear only on third-party scraper/directory sites (Craft.co, ClearTax, RocketReach) — NOT plainly published on Blume's own site, so none were output. AUM in the original record (~USD 600M) was stale (Dec 2022); current firm-stated AUM is ~USD 800-900M and Fund V is now the active fund.

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Frequently asked

What does Blume Ventures invest in?: Stage: Seed / early-stage (pre-seed to Series A), typical Fund IV ticket ~USD 1-5M. Sectors: India consumer tech & fintech (B2C), global enterprise/SaaS (B2B), plus AI, climate tech, capital-efficient consumer brands, insurance and credit.
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About this record

⚑ Private VC — clean (no government/public-university ownership). Note: British International Investment (UK DFI) is a Limited Partner in Blume India Fund IV, but that is a fund investor, not an owner/operator of the firm. Name collision to avoid: "Blume Equity" is a separate, unrelated London-based growth-equity firm. Emails such as [contact on file] / [contact on file] appear only on third-party scraper/directory sites (Craft.co, ClearTax, RocketReach) — NOT plainly published on Blume's own site, so none were output. AUM in the original record (~USD 600M) was stale (Dec 2022); current firm-stated AUM is ~USD 800-900M and Fund V is now the active fund.

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://blume.vc/about; https://blume.vc/funds