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Blume Ventures company logo
Venture Capital
FINANCE | Investment Firms & Funds
blume.vc

Investments

374

Portfolio Exits

37

Funds

8

Partners & Customers

6

About 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.

Headquarters Location

Byculla East Unit 2/1A, Jetha Compound

Mumbai, 400 027,

India

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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.

B

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

Digital identity creator Flash raised $6.7 M Pre-series A funding from Blume, PeerCapital

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.

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Blume Ventures Investments Activity

investments chart

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

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$99M

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10

7/21/2023

Series A

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$99M

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10

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

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Amount

$6.7M

$5.3M

$17.07M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

2

2

10

10

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

$99M

1

5/31/2023

IPO

$99M

Public

1

8/5/2022

Acquired

$99M

3

8/3/2022

Acquired

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$99M

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10

7/8/2022

Acquired

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$99M

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10

Date

6/21/2023

5/31/2023

8/5/2022

8/3/2022

7/8/2022

Exit

Acquired

IPO

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

1

1

3

10

10

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

$99M

10

3/5/2021

Blume Ventures Fund IX

$99M

10

11/23/2020

Blume Ventures - Fund III

$99M

10

2/23/2020

Blume Ventures Opportunity Fund I

$99M

10

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

$99M

$99M

$99M

$99M

Sources

5

10

10

10

10

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, In Close Partnership With Avendus, Closes Fund 1X, An Innovative Secondary Vehicle, At ₹35.. - Blume

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

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10

3/6/2019

Partner

Japan

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10

2/13/2017

Partner

United States

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10

Partner

India

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0

Date

3/5/2021

3/6/2019

3/6/2019

2/13/2017

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United States

Japan

United States

India

News Snippet

Blume, In Close Partnership With Avendus, Closes Fund 1X, An Innovative Secondary Vehicle, At ₹35.. - Blume

Blume Ventures , in partnership with Avendus Wealth Management , launched and closed a first-of-its-kind product for Indian investors in late 2020 .

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Sources

1

10

10

10

0

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

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Name

Sanjay Nath

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Work History

Title

Founder, Managing Partner

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Status

Current

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