Venture CapitalStarfish Growth Partners
StagesPre-Seed
SectorsAI / ML, SaaS / Enterprise, Fintech · Early-stage builders, Founder-led / operator capital
Ticket$100K – $150K
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Venture Capital
Venture CapitalBlume Ventures
First institutional cheque for tech-led founders solving Indian problems with global scale potential; 8–10 year partnership, ~2:1 reserve ratio.
01, Snapshot
At a glance
Key signals founders use to decide if this investor is worth a conversation.
02, Focus
Where they invest
Stages and sectors this investor typically backs.
03, Thesis
Investment thesis
Themes this investor is mapped to across the VC Dekho directory.
First institutional cheque for tech-led founders solving Indian problems with global scale potential; 8–10 year partnership, ~2:1 reserve ratio.
Early-stage buildersFounder-led / operator capitalTech-first / product companiesIndia-first / BharatGrowth & scale-upsDeep science / hard techFintech / embedded financeSaaS / B2B softwareAI / MLHealthtech / wellnessPre-seed / day-zeroEdtech / skillingMobility / EVConsumer / D2C brandsClimate / sustainabilitySeries A / PMF capital
All themes →04, Portfolio
Portfolio companies
40 companies mapped to this fund.
05, Story
About Blume Ventures
Background and context for founders evaluating this investor.
Blume Ventures is India's largest homegrown early-stage venture firm, founded in 2010 by Karthik Reddy and Sanjay Nath and headquartered in Mumbai. It manages over $600 million in assets and is typically the first institutional cheque in its companies, partnering for 8–10 years. Blume has scaled deliberately across four funds: Fund I (2011–14, ₹100 Cr) wrote $200–300K pre-seed cheques; Fund II (2015–17, $60M) moved to $400–750K seed; Fund III (2018–20, $102M) ranged $750K–2.3M; and Fund IV (2021, ~$290M, its largest) writes core cheques of roughly $1–2 million, entering at seed to Pre-Series A. The firm has built one of India's strongest portfolios, unicorns and breakouts including Unacademy, Slice, Spinny, Purplle, smallcase, Servify, Locus, Classplus, LambdaTest, Pixxel, Battery Smart and Namma Yatri. Blume is known for being genuinely founder-first and for institutional thought leadership through its widely-read Indus Valley Annual Report. Its 60-member team across India and the US provides active support in talent, finance, legal and follow-on fundraising, and it maintains a roughly 2:1 reserve ratio to back winners through later rounds. For first-time and repeat founders alike, Blume is among the most trusted seed-stage partners in India.
It manages over $600 million in assets and is typically the first institutional cheque in its companies, partnering for 8–10 years.
Notes
Founded 2010 by Karthik Reddy & Sanjay Nath (Mumbai). AUM >$600M; Fund IV ~$290M (largest). 330+ cos: Unacademy, Slice, Spinny, Purplle, smallcase, Servify, Locus, Classplus, Pixxel, Battery Smart, Namma Yatri. Publishes Indus Valley Annual Report.
Investment criteria
Please see https://blume.vc/for-startups/
Data confidence: Verified (web sources, 2025–26)
06, Investors
Investors at Blume Ventures
Partners and principals mapped to this fund in the directory.
07, Recent rounds
Disclosed funding rounds with Blume Ventures
Publicly announced startup rounds in the VC Dekho funding tracker that name this fund.
08, Nearby
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09, Explore
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