
Investments
374Portfolio Exits
37Funds
8Partners & Customers
6About Blume Ventures
Blume Ventures operates as a venture firm investing in startups and provides founders. It focuses on startups to solve problems with access to a network of mentors and advisors. Blume Ventures was founded in 2011 and is based in Mumbai, India.

Want to inform investors similar to Blume Ventures about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Expert Collections containing Blume Ventures
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find Blume Ventures in 1 Expert Collection, including Beauty & Personal Care.
Beauty & Personal Care
65 items
Startups in the beauty & personal care space, including cosmetics brands, shaving startups, on-demand beauty services, salon management platforms, and more.
Research containing Blume Ventures
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Blume Ventures in 1 CB Insights research brief, most recently on Dec 9, 2021.
Latest Blume Ventures News
Sep 23, 2023
Creating a digital identity for devoted consumers Pre-Series A investment round for Flash has raised $6.7 million, led by Blume Ventures and existing investor PeerCapital. Other current backers who participated in the round included White Venture Capital and Emphasis Ventures. Ten months after its seed round, in which a number of active angel investors participated, the company received new proceeds. Entrackr contacted Flash and Blume about the fundraiser on Monday. They did not, however, respond to our specific questions. Ranjith Boyanapalli, a former Flipkart executive who founded the company in April 2022, raised $5.8 million in November of last year from a group of investors that included Global Founders Capital (GFC), White Venture Capital, and Zinal Growth. Additionally supporting the business were Binny Bansal, Kunal Shah, Sujeet Kumar, and Lalit Keshre. By establishing a digital identity with just one email address, Flash enables frictionless order processing, seller communication, and rewards programs for customers. It aims to interact with the 25 million regular buyers who account for nearly 70% of e-commerce sales. The system also generates a thorough shopping report that lists the platforms and product categories where users have spent the most money and placed the most orders. The company claims that it also plans to grow in the US and Europe. While CashKaro, Nearbuy, and other reward management platforms are not directly Flash’s competitors, the reward management portion of Flash does compete with them. On its website, Flash claims to have generated 400K Flash.co IDs and processed 5 million emails, but according to Sensor Tower data, it has only received less than 500,000 app downloads since March 2023 for iOS and Android.
Blume Ventures Investments
374 Investments
Blume Ventures has made 374 investments. Their latest investment was in Flash as part of their Seed VC - II on September 9, 2023.

Blume Ventures Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/19/2023 | Seed VC - II | Flash | $6.7M | Yes | 2 | |
8/24/2023 | Series A - II | Rocketium | $5.3M | No | 2 | |
7/27/2023 | Series A | WIOM | $17.07M | Yes | 2 | |
7/24/2023 | Seed VC - II | |||||
7/21/2023 | Series A |
Date | 9/19/2023 | 8/24/2023 | 7/27/2023 | 7/24/2023 | 7/21/2023 |
---|---|---|---|---|---|
Round | Seed VC - II | Series A - II | Series A | Seed VC - II | Series A |
Company | Flash | Rocketium | WIOM | ||
Amount | $6.7M | $5.3M | $17.07M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 2 | 2 | 2 |
Blume Ventures Portfolio Exits
37 Portfolio Exits
Blume Ventures has 37 portfolio exits. Their latest portfolio exit was Scenes on June 21, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
6/21/2023 | Acquired | 1 | |||
5/31/2023 | IPO | Public | 1 | ||
8/5/2022 | Acquired | 3 | |||
Blume Ventures Fund History
8 Fund Histories
Blume Ventures has 8 funds, including Blume Ventures Fund 1Y.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
6/22/2023 | Blume Ventures Fund 1Y | $25M | 5 | ||
12/7/2022 | Blume Venture Fund IV | ||||
3/5/2021 | Blume Ventures Fund IX | ||||
11/23/2020 | Blume Ventures - Fund III | ||||
2/23/2020 | Blume Ventures Opportunity Fund I |
Closing Date | 6/22/2023 | 12/7/2022 | 3/5/2021 | 11/23/2020 | 2/23/2020 |
---|---|---|---|---|---|
Fund | Blume Ventures Fund 1Y | Blume Venture Fund IV | Blume Ventures Fund IX | Blume Ventures - Fund III | Blume Ventures Opportunity Fund I |
Fund Type | |||||
Status | |||||
Amount | $25M | ||||
Sources | 5 |
Blume Ventures Partners & Customers
6 Partners and customers
Blume Ventures has 6 strategic partners and customers. Blume Ventures recently partnered with Avendus USA on March 3, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
3/5/2021 | Partner | United States | Blume Ventures , in partnership with Avendus Wealth Management , launched and closed a first-of-its-kind product for Indian investors in late 2020 . | 1 | |
3/6/2019 | Partner | ||||
3/6/2019 | Partner | ||||
2/13/2017 | Partner | ||||
Partner |
Date | 3/5/2021 | 3/6/2019 | 3/6/2019 | 2/13/2017 | |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | ||||
News Snippet | Blume Ventures , in partnership with Avendus Wealth Management , launched and closed a first-of-its-kind product for Indian investors in late 2020 . | ||||
Sources | 1 |
Blume Ventures Team
3 Team Members
Blume Ventures has 3 team members, including current Founder, Managing Partner, Sanjay Nath.
Name | Work History | Title | Status |
---|---|---|---|
Sanjay Nath | Founder, Managing Partner | Current | |
Name | Sanjay Nath | ||
---|---|---|---|
Work History | |||
Title | Founder, Managing Partner | ||
Status | Current |
Compare Blume Ventures to Competitors
Launching Zone Startups is a virtual startup incubator. It offers virtual workshops and interactive sessions, a focus on diagnostic sessions and clinics, business support services and products with discounted offers and freebies, and more. It is based in Mumbai, India.

Newslaundry, founded in 2013, focuses on news critique, news reporting and current affairs. The website also has a podcast called Hafta which focuses on current affairs in India.

EMVC is a venture capital platform investing in early-stage companies that are driving local growth in emerging markets and that have relevance globally.

QED Investors is a boutique venture capital firm. It invests in early-stage startups. It primarily invests in financial services firms in the US, UK, and Latin America. The company was founded in 2008 and is based in Alexandria, Virginia.

Stirring Minds helps launch, scale, and support businesses of all sizes and types. It provides services such as incubation, coworking spaces, startup courses, live events, mentoring and more. Its clients are small to medium-sized businesses. It was founded in 2013 and is based in Delhi, India.

e27, operated by Optimatic, is a media company focused on growing Asia's technology startup ecosystem. It reports on tech startup news, trends and personalities relevant to startup communities in Asia and also organizes the Echelon conference.