Blume Ventures

Blume Ventures, established in 2010 and headquartered in Mumbai, is an early-stage venture capital firm that invests in tech-focused and tech-enabled startups across India. They typically provide pre-series A and early-stage funding, often being the first institutional investors, and maintain a collaborative approach by co-investing with like-minded angels and seed funds. Blume Ventures offers follow-on investments to their portfolio companies, with an investment horizon of about 8-10 years. They target a wide range of sectors, including B2B and B2C products and services, financial services, healthcare, and information technology, among others. The firm invests amounts ranging from USD 100,000 to USD 5 million, with a preference for minority stakes. Blume Ventures assists founders at every stage through its full-stack platform approach, providing support in talent acquisition and more.

Arpit Agarwal

Partner, Investment and Director

Akhilesh Agarwal

Associate Vice President

Apurva Dixit

Associate Vice President

Ashish Fafadia

Partner

Vikram Gawande

Vice President, Growth

Vikram Gawande

Vice President

Jatin Madhra

Associate

Marmik Mankodi

Assistant Vice President - Investments

Marmik Mankodi

Associate Vice President

Venkatesh Modi

Associate

Mudit Narain

Vice President

Sanjay Nath

Co-Founder and Partner

Sajith Pai

Partner

Sarita Raichura

Director - Network Investment Programs

Karthik Reddy

Co-Founder and Partner

Joseph Sebastian

Associate Vice President

Apurva Dixit

Associate Vice President

Past deals in ERP

Zoplar

Series A in 2025
Zoplar is a healthcare-focused company that operates a comprehensive platform designed to meet a variety of medical needs for hospitals and clinics. By offering a diverse selection of products, Zoplar simplifies the procurement process, alleviating challenges related to pricing and inventory management. The company prioritizes affordability and reliability in its medical supplies, ensuring that healthcare facilities can access essential resources efficiently. Through its streamlined delivery and after-sales services, Zoplar enhances the overall experience for its clients, making it a valuable partner in the healthcare sector.

Bluecopa

Seed Round in 2024
Bluecopa is a finance operations platform that specializes in real-time finance observability and operations automation. The company develops tools designed for data analysis and management, providing features such as collaborative business partnering, self-service reporting, and comprehensive data analytics. Its platform enables users to access financial data efficiently and fosters process automation and workflow improvements, allowing finance professionals to concentrate on strategic finance initiatives. Bluecopa's focus on smart collaboration enhances the decision-making process, making financial operations more streamlined and effective.

Procol Tech

Series A in 2022
Procol is a procurement software company that specializes in digitizing buying processes to enhance efficiency and transparency in procurement. Its platform allows organizations to streamline their procurement activities, achieving up to 50% greater efficiency and reducing the time taken for procurement from hours to minutes. With a focus on optimizing spend management, Procol serves over 150 clients and delivers significant cost savings ranging from 2% to 10%. The company combines advanced technology with personalized service to facilitate seamless communication and traceability between buyers and sellers. Procol's team consists of over 125 professionals with backgrounds in prominent growth companies, and it is supported by notable investors in the technology and venture capital sectors.

Procol Tech

Series A in 2022
Procol is a procurement software company that specializes in digitizing buying processes to enhance efficiency and transparency in procurement. Its platform allows organizations to streamline their procurement activities, achieving up to 50% greater efficiency and reducing the time taken for procurement from hours to minutes. With a focus on optimizing spend management, Procol serves over 150 clients and delivers significant cost savings ranging from 2% to 10%. The company combines advanced technology with personalized service to facilitate seamless communication and traceability between buyers and sellers. Procol's team consists of over 125 professionals with backgrounds in prominent growth companies, and it is supported by notable investors in the technology and venture capital sectors.

WizCommerce

Seed Round in 2022
WizCommerce is an all-in-one AI-powered platform that empowers B2B wholesalers, distributors, and manufacturers to digitize their end-to-end sales; right from recording new leads to taking orders, processing payments, inventory, invoices, and more.

Sourcewiz

Seed Round in 2021
Sourcewiz is a digital platform aimed at empowering exporters by streamlining their workflows and enhancing their business management. The company's primary product is a specialized sales software that enables exporters to effectively market their unique products to a broader audience. This platform facilitates the creation of customized product catalogs, allowing users to filter products by various attributes such as color, construction, design, and material. In addition to catalog creation, Sourcewiz offers tools for tracking buyer engagement, including login history, viewing patterns, and geographical data. This comprehensive approach helps exporters optimize their sales processes, generate more inquiries, and ultimately increase their sales conversions.

Procol Tech

Seed Round in 2020
Procol is a procurement software company that specializes in digitizing buying processes to enhance efficiency and transparency in procurement. Its platform allows organizations to streamline their procurement activities, achieving up to 50% greater efficiency and reducing the time taken for procurement from hours to minutes. With a focus on optimizing spend management, Procol serves over 150 clients and delivers significant cost savings ranging from 2% to 10%. The company combines advanced technology with personalized service to facilitate seamless communication and traceability between buyers and sellers. Procol's team consists of over 125 professionals with backgrounds in prominent growth companies, and it is supported by notable investors in the technology and venture capital sectors.

Procol Tech

Seed Round in 2019
Procol is a procurement software company that specializes in digitizing buying processes to enhance efficiency and transparency in procurement. Its platform allows organizations to streamline their procurement activities, achieving up to 50% greater efficiency and reducing the time taken for procurement from hours to minutes. With a focus on optimizing spend management, Procol serves over 150 clients and delivers significant cost savings ranging from 2% to 10%. The company combines advanced technology with personalized service to facilitate seamless communication and traceability between buyers and sellers. Procol's team consists of over 125 professionals with backgrounds in prominent growth companies, and it is supported by notable investors in the technology and venture capital sectors.

Hybrent

Venture Round in 2016
Hybrent Inc., established in 2012 and headquartered in Chicago, Illinois, specializes in streamlining healthcare operations through innovative technology. The company offers a mobile ordering application that interfaces with hospitals' inventory and supply chain systems, providing real-time visibility into the supply chain, reducing expenses, and automating workflows. Hybrent serves nurses, technicians, materials management personnel, and purchasing staff, aiming to improve efficiencies and lower costs within healthcare organizations.
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