• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, June 20, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Seed Stage VC ‘Blume Ventures’ Raises $60 Million

by Anirudh Saligrama
October 25, 2016
in News
Reading Time: 2 mins read
0
Seed Stage VC ‘Blume Ventures’ Raises $60 Million
TwitterWhatsappLinkedin

blume-ventures

You might also like

Canada Warns of Higher Tariffs on US Steel and Aluminum Without Trade Deal

Court Orders Release of Nirav Modi’s ₹66.33 Crore Assets to Punjab National Bank

Ex-Ola CMO Varun Dubey Launches Superhealth Hospitals, Eyes ₹13 Cr Funding

MUMBAI: Mumbai based seed-stage venture capital firm Blume Ventures raised $60 million from its investors. This marks the final close of its second fund.

The company initially planned to raise $50 million in 2014, However, they decided to increase the deal size afterwards.

According to sources and reports by Mint, Karthik Reddy, managing partner at Blume Ventures said, “We had a hard cap of $60 million that we have raised. Paperwork is here and there, but technically we are closed. One-third of the total money that Blume Ventures has raised has come from domestic investors including IIFL Wealth Management Ltd and the government’s India Aspiration Fund, administered by the Small Industries Development Bank of India (SIDBI).”

“There are some other domestic family offices and founders of companies as well that backed us,” Reddy added, without disclosing the investors’ names, according to reports by Mint.

Blume Ventures was founded in 2011 by Karthik Reddy and Sanjay Nath. The company has raised $20 million for its debut fund and has so far invested in several companies that includes MockBank, IDfy, GreyOrange, RailYatri among others.

 

Also Read: Digital Marketing and Its Careers In India !

Cyrus Mistry To Approach Bombay High Court Over His Removal !

PayPal Enhances Payment Experience for Facebook and Messenger

Tags: Blume VenturesfundingInvestmentVC Firm
Tweet54SendShare15
Previous Post

How To Get Superstar Interns To Join Your Startup As Fulltime Employees !

Next Post

KredX Raises $6.25 mn Series A funding led by Sequoia India

Anirudh Saligrama

Media Graduate, Trainee-Journalist,

Recommended For You

Canada Warns of Higher Tariffs on US Steel and Aluminum Without Trade Deal

by Rounak Majumdar
June 20, 2025
0
Canada Warns of Higher Tariffs on US Steel and Aluminum Without Trade Deal

Canada has issued a strong warning to the United States, threatening to impose higher tariffs on American steel and aluminum imports if a new trade agreement is not...

Read more

Court Orders Release of Nirav Modi’s ₹66.33 Crore Assets to Punjab National Bank

by Rounak Majumdar
June 20, 2025
0
Court Orders Release of Nirav Modi’s ₹66.33 Crore Assets to Punjab National Bank

According to the Prevention of Money Laundering Act (PMLA), a special court has permitted the release of assets valued at ₹66.33 crore that were previously attached to Punjab...

Read more

Ex-Ola CMO Varun Dubey Launches Superhealth Hospitals, Eyes ₹13 Cr Funding

by Ishaan Negi
June 20, 2025
0
Ex-Ola CMO Varun Dubey Launches Superhealth Hospitals, Eyes ₹13 Cr Funding

In this article, we will delve into how Varun Dubey’s Superhealth Hospitals aims to disrupt India’s traditional healthcare model with a fresh, capital-light approach and a mission to...

Read more
Next Post
KredX Raises $6.25 mn Series A funding led by Sequoia India

KredX Raises $6.25 mn Series A funding led by Sequoia India

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?