Early-stage VC · Pre-seed–Series A · Mumbai
Blume Ventures
Verified by Women Can StartupSnapshot
- Firm type
- Early-stage VC
- Founded
- 2011
- Headquarters
- Mumbai
- Other offices
- Bengaluru, New Delhi
- Fund / AUM
- Fund V first close $175M (2025), target $250–275M; Fund IV ~$290M (2022)
- Geographies
- India
- Leads rounds
- Yes
- Last updated
- 23 July 2026
About Blume Ventures
India's most prominent homegrown early-stage fund. It is usually the first institutional cheque into a company and happy to take risk on hard, technical ideas from spacetech to deeptech, running a high-volume seed portfolio and then concentrating follow-on into the breakouts.
Blume Ventures is an early-stage vc based in Mumbai, founded in 2011, investing in India. It backs companies at the Pre-seed, Seed and Series A stages, with a focus on SaaS, Fintech, Consumer, Deeptech and Spacetech. It usually leads the rounds it joins.
On fund size, the firm reports Fund V first close $175M (2025), target $250–275M; Fund IV ~$290M (2022). Its portfolio includes Unacademy, Purplle, Dunzo, GreyOrange, Exotel and Yulu.
Investment focus
Notable investments
8 of Blume Ventures’s better-known bets, grouped by sector. Names in coral open the company’s profile or founder story on this site.
Mobility
Edtech
D2C
Consumer
Robotics
SaaS
Spacetech
How to pitch Blume Ventures
Practical pointers drawn from what Blume Ventures says it backs. Always confirm the current focus and process with the firm before you reach out.
- They invest at Pre-seed, Seed and Series A. Approach them when your company is at the idea or pre-product stage, through to companies with clear product-market fit and early revenue.
- Their focus is SaaS, Fintech, Consumer, Deeptech and Spacetech, so lead with why you fit there.
- The strongest way in is a warm introduction, ideally from a founder they have backed, such as Unacademy, Purplle and Dunzo.
- You can find the team and their current focus on their website, linked below.
Partners
Karthik Reddy
Co-founder & Managing Partner
Sanjay Nath
Co-founder & Managing Partner
Website & links
Frequently asked questions
- What stage does Blume Ventures invest at?
- Blume Ventures invests at the Pre-seed, Seed and Series A stages.
- What sectors does Blume Ventures invest in?
- Blume Ventures focuses on SaaS, Fintech, Consumer, Deeptech, Spacetech, Mobility and AI.
- Which companies has Blume Ventures invested in?
- Notable investments include Unacademy, Purplle, Dunzo, GreyOrange, Exotel, Yulu, Pixxel and Battery Smart. See the full list on this page.
- Who are the partners at Blume Ventures?
- Key people include Karthik Reddy (Co-founder & Managing Partner) and Sanjay Nath (Co-founder & Managing Partner).
- Where is Blume Ventures based?
- Blume Ventures is headquartered in Mumbai, with additional offices in Bengaluru and New Delhi.
- Does Blume Ventures invest in women founders?
- Blume Ventures is a generalist fund and backs strong founders regardless of gender, women founders included. For funds with an explicit women-founder mandate, see our women-focused funds list.
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