Blume Ventures

Blume Venture Advisors Pvt. Ltd. is a Mumbai-based venture capital firm established in 2010, specializing in early-stage investments in technology-focused startups across various sectors. The firm primarily targets seed to pre-Series A funding rounds, investing between $0.05 million and $0.3 million, with the capacity to double this amount through co-investments. Blume Ventures focuses on a diverse range of sectors including fintech, biotechnology, consumer internet, e-commerce, and deep tech, among others. It aims to be the first institutional investor in its portfolio companies and typically maintains a minority stake. The firm emphasizes a collaborative investment approach, often co-investing with angel investors and other venture capital firms, while also providing ongoing support and mentorship to its startups. Follow-on investments range from $0.5 million to $1.5 million, reflecting the firm's commitment to nurturing its portfolio over an investment horizon of 8 to 10 years.

Arpit Agarwal

Partner, Investment and Director

Akhilesh Agarwal

Associate Vice President

Apurva Dixit

Associate Vice President

Ashish Fafadia

Partner

Vikram Gawande

Vice President

Marmik Mankodi

Associate Vice President

Venkatesh Modi

Associate

Mudit Narain

Vice President

Sanjay Nath

Co-Founder and Managing Partner

Sajith Pai

Director

Karthik Reddy

Co-Founder and Partner

Joseph Sebastian

Associate Vice President

Past deals in Corporates

Procol

Series A in 2022
Procol Tech Private Limited, founded in 2018 and headquartered in New Delhi, India, specializes in developing a digital procurement platform tailored for the commodity industry. The company's software facilitates the procurement of goods through live auctions, enhancing the efficiency of supply chain management by allowing companies to track orders and streamline payments to suppliers. Procol also offers valuable market rates and commodity insights, aiming to reduce the time spent on procurement processes—typically dominated by cold calls and email follow-ups—by making transactions more transparent and traceable. This comprehensive platform is designed to foster seamless communication between buyers and sellers, ultimately driving cost savings and improved business relationships in a market characterized by significant offline spending. Backed by prominent investors, Procol is positioned to transform the procurement landscape through its innovative solutions.

Wint Wealth

Series A in 2022
GrowFix offers high net-worth individuals and retail investors, asset-backed fixed income products that offer higher returns than fixed deposits.

Scribble Data

Seed Round in 2022
Scribble Data Private Limited, founded in 2016 and headquartered in Bengaluru, India, is an artificial intelligence and machine learning engineering company. It specializes in transforming raw data from various sources into actionable features through its Scribble Enrich engineering platform. The company aims to assist enterprises in accelerating the productionization of their machine learning models, thereby enhancing their operational efficiency and decision-making capabilities.

Sprinto

Series A in 2022
Developer of a compliance automation platform designed to make enterprise-grade security accessible to all. The company's platform specializes in guiding companies to provide visibility into the processes and policies governed by compliance checklists, help close enterprise deals, and pass vendor security assessments to keep them agile, enabling clients to build trust and confidence with their customers and partners.

RuleZero

Seed Round in 2021
Developer of a financial platform designed to automate and manage equity ownership in venture-funded startups.The company's platform manages ownership data of the company, automates share issuance processes and provides mechanisms to track and certify cap tables and manage transactions, enabling businesses to receive stakeholder participation and capital flow in a transparent, efficient and compliant manner.

smallcase

Series C in 2021
smallcase Technologies Pvt. Ltd. operates an online trading platform that enables individual investors in India to invest in thematic portfolios of stocks and exchange-traded funds (ETFs), known as smallcases. Founded in 2015 and based in Bengaluru, the company offers investment options based on long-term trends, government policies, and sector dynamics. This platform allows users to select, purchase, monitor, and manage their investments efficiently while providing transparency and cost-effectiveness. smallcase has built a robust ecosystem by collaborating with major financial institutions and developing tools for brokerages, advisors, and portfolio managers. Over the past few years, it has cultivated a community of over 300,000 investors, positioning itself as a significant player in the Indian investment landscape.

smallcase

Series B in 2020
smallcase Technologies Pvt. Ltd. operates an online trading platform that enables individual investors in India to invest in thematic portfolios of stocks and exchange-traded funds (ETFs), known as smallcases. Founded in 2015 and based in Bengaluru, the company offers investment options based on long-term trends, government policies, and sector dynamics. This platform allows users to select, purchase, monitor, and manage their investments efficiently while providing transparency and cost-effectiveness. smallcase has built a robust ecosystem by collaborating with major financial institutions and developing tools for brokerages, advisors, and portfolio managers. Over the past few years, it has cultivated a community of over 300,000 investors, positioning itself as a significant player in the Indian investment landscape.

Procol

Seed Round in 2020
Procol Tech Private Limited, founded in 2018 and headquartered in New Delhi, India, specializes in developing a digital procurement platform tailored for the commodity industry. The company's software facilitates the procurement of goods through live auctions, enhancing the efficiency of supply chain management by allowing companies to track orders and streamline payments to suppliers. Procol also offers valuable market rates and commodity insights, aiming to reduce the time spent on procurement processes—typically dominated by cold calls and email follow-ups—by making transactions more transparent and traceable. This comprehensive platform is designed to foster seamless communication between buyers and sellers, ultimately driving cost savings and improved business relationships in a market characterized by significant offline spending. Backed by prominent investors, Procol is positioned to transform the procurement landscape through its innovative solutions.

IntrCity

Series B in 2020
Manager- Corporate Communications

Sprinto

Seed Round in 2020
Developer of a compliance automation platform designed to make enterprise-grade security accessible to all. The company's platform specializes in guiding companies to provide visibility into the processes and policies governed by compliance checklists, help close enterprise deals, and pass vendor security assessments to keep them agile, enabling clients to build trust and confidence with their customers and partners.

Procol

Seed Round in 2019
Procol Tech Private Limited, founded in 2018 and headquartered in New Delhi, India, specializes in developing a digital procurement platform tailored for the commodity industry. The company's software facilitates the procurement of goods through live auctions, enhancing the efficiency of supply chain management by allowing companies to track orders and streamline payments to suppliers. Procol also offers valuable market rates and commodity insights, aiming to reduce the time spent on procurement processes—typically dominated by cold calls and email follow-ups—by making transactions more transparent and traceable. This comprehensive platform is designed to foster seamless communication between buyers and sellers, ultimately driving cost savings and improved business relationships in a market characterized by significant offline spending. Backed by prominent investors, Procol is positioned to transform the procurement landscape through its innovative solutions.

smallcase

Series A in 2019
smallcase Technologies Pvt. Ltd. operates an online trading platform that enables individual investors in India to invest in thematic portfolios of stocks and exchange-traded funds (ETFs), known as smallcases. Founded in 2015 and based in Bengaluru, the company offers investment options based on long-term trends, government policies, and sector dynamics. This platform allows users to select, purchase, monitor, and manage their investments efficiently while providing transparency and cost-effectiveness. smallcase has built a robust ecosystem by collaborating with major financial institutions and developing tools for brokerages, advisors, and portfolio managers. Over the past few years, it has cultivated a community of over 300,000 investors, positioning itself as a significant player in the Indian investment landscape.

IntrCity

Series B in 2018
Manager- Corporate Communications

BHIVE Workspace

Seed Round in 2017
BHIVE Workspace Solutions Private Limited, founded in 2014 and based in Bengaluru, India, operates a network of co-working spaces tailored for entrepreneurs, startups, and small businesses. As one of the largest co-working providers in Bangalore, the company focuses on creating innovative office environments that foster community and collaboration. BHIVE Workspace not only offers flexible leasing options, including managed and enterprise solutions, but also provides valuable business advice through in-house mentors. This ecosystem is designed to support clients in developing their ideas and growing their businesses in an efficient and cost-effective manner.

IntrCity

Venture Round in 2016
Manager- Corporate Communications

BHIVE Workspace

Seed Round in 2016
BHIVE Workspace Solutions Private Limited, founded in 2014 and based in Bengaluru, India, operates a network of co-working spaces tailored for entrepreneurs, startups, and small businesses. As one of the largest co-working providers in Bangalore, the company focuses on creating innovative office environments that foster community and collaboration. BHIVE Workspace not only offers flexible leasing options, including managed and enterprise solutions, but also provides valuable business advice through in-house mentors. This ecosystem is designed to support clients in developing their ideas and growing their businesses in an efficient and cost-effective manner.

IntrCity

Series A in 2016
Manager- Corporate Communications

IntrCity

Seed Round in 2015
Manager- Corporate Communications

IntrCity

Seed Round in 2014
Manager- Corporate Communications
Covacsis Technologies Pvt. Ltd. is a technology company based in Mumbai, India, founded in 2003. It specializes in designing and implementing an intelligent plant framework (IPF) for the manufacturing sector. The company's IPF captures micro events across various locations on the plant floor and translates them into key business performance indicators. This platform facilitates real-time data acquisition from diverse machines, enabling management to monitor crucial parameters related to cost, quality, and productivity. Covacsis serves a range of industries, including chemical, textile, and pharmaceutical, providing tools that enhance operational efficiency and decision-making.
Covacsis Technologies Pvt. Ltd. is a technology company based in Mumbai, India, founded in 2003. It specializes in designing and implementing an intelligent plant framework (IPF) for the manufacturing sector. The company's IPF captures micro events across various locations on the plant floor and translates them into key business performance indicators. This platform facilitates real-time data acquisition from diverse machines, enabling management to monitor crucial parameters related to cost, quality, and productivity. Covacsis serves a range of industries, including chemical, textile, and pharmaceutical, providing tools that enhance operational efficiency and decision-making.

Carbon Clean

Angel Round in 2012
Carbon Clean Solutions Pvt. Ltd. specializes in carbon dioxide (CO2) separation technology aimed at reducing emissions from industrial applications, particularly in sectors such as power generation, steel, cement, and chemicals. Founded in 2009 and based in Mumbai, India, the company has research and operational facilities in the United Kingdom and the United States. Its proprietary technologies include CDRMax, which recovers CO2 from flue gases in the fertilizer industry, and Meth Pure, designed for biogas purification without methane loss. Additionally, CCS TGR technology targets CO2 emissions from iron production processes. The firm’s advanced, energy-efficient carbon capture systems can be integrated into new power plants or retrofitted to existing facilities, allowing for the extraction of up to 90% of CO2 from flue gases. By providing scalable and cost-effective solutions, Carbon Clean Solutions helps industries decarbonize and take advantage of the value of captured carbon.
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