Blume Ventures, an early-stage investor, has announced the launch of its fourth fund, which will be worth $120-150 million and will join India-focused large corpus funding. Unacademy, Purplle, Dunzo, and Healthfyme are among the unicorns that have received funding from the company. The Abu Dhabi Investment Authority (ADIA) will be one of the Limited Partners (LPs) who will invest in the VC fund and return to it.

Blume Ventures was founded in 2011 by Sanjay Nath, Ashish Fafadia, and Karthik Reddy with Rs. 100 Crore in funding from High Net Worth Individuals. Following that, it raised Rs 400 crores in 2016 and Rs 715 crores in 2019. Blume's third fund is expected to invest in 25 to 30 companies, with an initial investment of $500K to $1.25 Million.

A large number of venture capital firms are investing in India's thriving start-up ecosystem. Alteria Capital, Tata Capital, Edelweiss Advisor, Iron Pillar, and Coatue Management are a few examples. According to a recent report by Bain & Co, $6 billion is expected to be invested in the Indian startup ecosystem, given that many investors are gravitating toward high-equity deals.

Blume is an early-stage venture fund that provides funding as well as active mentoring to startups. They typically invest in tech-led startups led by founders who are obsessed with solving difficult problems, are uniquely Indian in nature, and have the potential to impact large markets.

The vision is to be the leading platform for sourcing, funding, nurturing, and creating value for India's brightest young startups – assisting them to 'blume'!

Unacademy, Purplle, Dunzo, and Healthfyme are among the unicorns that have received funding from the company. The Abu Dhabi Investment Authority (ADIA) will be one of the Limited Partners (LPs) who will invest in the VC fund and return to it.