Blume Ventures, one of India’s most dynamic early-stage venture capital firms, has announced the first close of its fifth flagship fund at $175 million (₹1,545 crore). With backing from a blend of existing LPs (covering approximately 60% of commitments) and new global institutional investors, the fund is on track for a final close of $250–275 million by early 2026. This milestone comes as Blume marks its 15th anniversary, reinforcing its position as a leading backer of technology-led founders across the consumer, fintech, healthtech, and deeptech spectrum.
Where the Money Is Going: Fund V’s Early Bets
Unlike many VCs who wait to deploy after a close, Blume Ventures has already started investing out of Fund V. Initial recipients include:
These investments continue Blume’s tradition of supporting startups at the earliest stage with cheque sizes ranging from $1.5M to $5M, alongside deep reserves for follow-on rounds. The fund is expected to back 30+ new startups during its lifecycle.
Blume Ventures’ Track Record: From Micro-VC to Mainstream Leader
Launched in 2011, Blume started as a micro-VC with Fund I ($22M, 2011–14) and invested in now-prominent names like Purplle, TaxiforSure, GreyOrange, and Exotel. Fund II ($60M, 2015–17) saw them back unicorns like Unacademy, Slice, and Spinny. With each subsequent fund—Fund III ($102M, 2018–20) and Fund IV ($290M, 2021–)—Blume increased cheque sizes and catalyzed breakout successes like Battery Smart, Classplus, Pixxel, Purplle, and Turtlemint (now in the IPO pipeline).
Today, Blume Ventures manages over $800 million in assets across five funds and related vehicles, boasting over 100 portfolio companies, a growing roster of exits, and a standout record as a founder-first investor. In 2025, Blume reported strong exit momentum and an aggregate DPI (distribution to paid-in capital) exceeding $80 million, further validating its early-stage thesis.
How To Apply
1. Visit Blume Ventures’ Official Website
Go to www.blume.vc — that’s their official site.
2. Head to the “Pitch to Us” or “Contact” Section
Blume Ventures has a dedicated section for startup founders to submit their pitch decks.
Here’s the direct link: https://www.blume.vc/pitch
The Big Picture: India’s Venture Fund Surge
Blume’s Fund V close reflects a broader trend: over $9 billion in new VC funds announced in India in 2025 alone, as per sector data. Early-stage is a clear bright spot—despite a pullback in late-stage dealmaking, LPs are betting on fresh innovation at the seed and Series A stage. Other recent large fundraises include Sequoia Capital India/Peak XV, Accel’s latest rounds, Elevation Capital’s new early-stage fund, and Lightspeed’s continued India expansion.
Read this: Elevation Capital Launches $400M Late-Stage Fund for IPO-Bound Startups
Read this: Boundless Ventures Led By Natasha Malpani Launches Rs 200 Cr Fund for Early-Stage Startups
What’s Next: Long-Term Bets and IPO Ambitions
Blume intends to remain sharply focused on supporting new-age founders building scalable businesses in high-growth areas like mobility, financial services, SaaS, BioTech, enterprise AI, and climate tech. With IPOs now on the horizon (Turtlemint leading the charge), the Blume playbook of patient, hands-on support from seed to scale is poised for an even bigger imprint on the South Asian startup ecosystem.
As the firm looks toward the final close of Fund V and the next generation of portfolio winners, Blume’s blend of domestic roots and global ambition continues to set the tone for India’s VC story—proof that homegrown funds can scale and generate returns in a maturing but hungry market.
