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

Vikram Gawande

Vice President, Growth

Jatin Madhra

Associate

Marmik Mankodi

Associate Vice President

Marmik Mankodi

Assistant Vice President - Investments

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 FMCG

Kikibix

Seed Round in 2023
Kikibix specializes in producing healthy cookies that prioritize nutrition and taste. The company offers a variety of flavors, including cranberry, oats, fruit and nut, and coconut cookies, all made from unprocessed ingredients like wholegrains, nuts, seeds, and fruits. Their products are gluten-free, sugar-free, and free from preservatives, making them a guilt-free snacking option for health-conscious consumers. Kikibix aims to satisfy food cravings while promoting a wholesome diet, positioning itself as a provider of nutritious snack alternatives.

ApnaKlub

Series A in 2023
ApnaKlub is a company focused on transforming the fast-moving consumer goods (FMCG) procurement market by creating a digital platform that connects buyers and brands. This platform aims to streamline the procurement process, ensuring supply consistency and enhancing profit margins for wholesale businesses. By providing access to a wide range of brands, ApnaKlub enables these businesses to thrive in generating revenue, ultimately contributing to a more organized and efficient market landscape.

SuperK

Seed Round in 2022
SuperK is a technology-driven platform focused on empowering local entrepreneurs to establish and operate mini supermarkets. By providing essential tools and resources, SuperK connects small business owners with the grocery retail sector, facilitating a streamlined process for launching and managing convenience stores. The platform enhances operational efficiency through advanced inventory management and customer insights, enabling entrepreneurs to meet the growing demand for accessible neighborhood grocery stores. Additionally, SuperK offers rebranding services for existing small-format retail stores, equipping them with procurement advantages, technological systems, and marketing support. This approach not only promotes business growth and sustainability but also improves the overall grocery shopping experience compared to traditional local stores.

Living Food

Series A in 2022
Living Food specializes in the development of packaged food and beverage brands aimed at delivering fresh, clean, and credible food options. The company offers a diverse range of healthy, preservative-free products, including bread, dressings, dips, pasta, and juices. By sourcing ingredients from farmers, bakers, brewers, chefs, and artisans, Living Food enables customers to enjoy sustainable and chemical-free food products. Additionally, the company emphasizes environmental responsibility in its operations, contributing positively to ecological well-being.

ApnaKlub

Seed Round in 2021
ApnaKlub is a company focused on transforming the fast-moving consumer goods (FMCG) procurement market by creating a digital platform that connects buyers and brands. This platform aims to streamline the procurement process, ensuring supply consistency and enhancing profit margins for wholesale businesses. By providing access to a wide range of brands, ApnaKlub enables these businesses to thrive in generating revenue, ultimately contributing to a more organized and efficient market landscape.

Milkbasket

Series B in 2020
Milkbasket, launched in early 2015, is India's first and largest micro-delivery service for daily essentials. The company caters to the unique Indian habit of having fresh milk delivered at home each morning and has expanded its offerings to include over 6,000 products across 13 categories, fulfilling a household's complete grocery needs. Milkbasket has pioneered features such as flexi-ordering and contactless deliveries, allowing users to modify their orders until midnight and receive silent deliveries by 7 am the next morning. The platform provides a hassle-free experience, delivering items like milk, bread, eggs, and juices directly to customers' doorsteps. With a presence in more than 20 cities, including major urban centers like Delhi NCR, Bangalore, and Hyderabad, Milkbasket is actively expanding its reach into other Tier I and Tier II cities across India.

Freewill

Seed Round in 2019
Freewill is a beauty company that specializes in personalized hair care products. It creates and custom hair products based on each individual’s unique requirements, lifestyle, and environmental conditions. Its system analyzes the response and creates a product that has the power to solve hair problems and fulfill all hair goals. Its proprietary algorithm analyzes over 1.7 billion formulations to create exclusive, custom-made formulas for each user from up to 68 high-impact ingredients. It was founded in 2018 and is headquartered in Jaipur, India.

Milkbasket

Series B in 2019
Milkbasket, launched in early 2015, is India's first and largest micro-delivery service for daily essentials. The company caters to the unique Indian habit of having fresh milk delivered at home each morning and has expanded its offerings to include over 6,000 products across 13 categories, fulfilling a household's complete grocery needs. Milkbasket has pioneered features such as flexi-ordering and contactless deliveries, allowing users to modify their orders until midnight and receive silent deliveries by 7 am the next morning. The platform provides a hassle-free experience, delivering items like milk, bread, eggs, and juices directly to customers' doorsteps. With a presence in more than 20 cities, including major urban centers like Delhi NCR, Bangalore, and Hyderabad, Milkbasket is actively expanding its reach into other Tier I and Tier II cities across India.

Milkbasket

Series A in 2018
Milkbasket, launched in early 2015, is India's first and largest micro-delivery service for daily essentials. The company caters to the unique Indian habit of having fresh milk delivered at home each morning and has expanded its offerings to include over 6,000 products across 13 categories, fulfilling a household's complete grocery needs. Milkbasket has pioneered features such as flexi-ordering and contactless deliveries, allowing users to modify their orders until midnight and receive silent deliveries by 7 am the next morning. The platform provides a hassle-free experience, delivering items like milk, bread, eggs, and juices directly to customers' doorsteps. With a presence in more than 20 cities, including major urban centers like Delhi NCR, Bangalore, and Hyderabad, Milkbasket is actively expanding its reach into other Tier I and Tier II cities across India.

Manufactured

Seed Round in 2018
Manufactured is a global company that specializes in manufacturing, financing, and distributing products across 20 industries in 25 countries. Since its inception in 2019, it has successfully managed over $140 million in gross merchandise value. The company offers an inventory success platform that provides tailored manufacturing and financing solutions for both B2B and direct-to-consumer clients. Its services include inventory financing, purchase order financing, and factoring, all designed to help businesses manage cash flow effectively and prevent inventory stockouts. Additionally, Manufactured assists clients in procuring large wholesale orders and offers comprehensive sourcing and supply chain management services, thereby enabling businesses to optimize their manufacturing processes.

Milkbasket

Series A in 2018
Milkbasket, launched in early 2015, is India's first and largest micro-delivery service for daily essentials. The company caters to the unique Indian habit of having fresh milk delivered at home each morning and has expanded its offerings to include over 6,000 products across 13 categories, fulfilling a household's complete grocery needs. Milkbasket has pioneered features such as flexi-ordering and contactless deliveries, allowing users to modify their orders until midnight and receive silent deliveries by 7 am the next morning. The platform provides a hassle-free experience, delivering items like milk, bread, eggs, and juices directly to customers' doorsteps. With a presence in more than 20 cities, including major urban centers like Delhi NCR, Bangalore, and Hyderabad, Milkbasket is actively expanding its reach into other Tier I and Tier II cities across India.

Manufactured

Pre Seed Round in 2018
Manufactured is a global company that specializes in manufacturing, financing, and distributing products across 20 industries in 25 countries. Since its inception in 2019, it has successfully managed over $140 million in gross merchandise value. The company offers an inventory success platform that provides tailored manufacturing and financing solutions for both B2B and direct-to-consumer clients. Its services include inventory financing, purchase order financing, and factoring, all designed to help businesses manage cash flow effectively and prevent inventory stockouts. Additionally, Manufactured assists clients in procuring large wholesale orders and offers comprehensive sourcing and supply chain management services, thereby enabling businesses to optimize their manufacturing processes.

Milkbasket

Seed Round in 2017
Milkbasket, launched in early 2015, is India's first and largest micro-delivery service for daily essentials. The company caters to the unique Indian habit of having fresh milk delivered at home each morning and has expanded its offerings to include over 6,000 products across 13 categories, fulfilling a household's complete grocery needs. Milkbasket has pioneered features such as flexi-ordering and contactless deliveries, allowing users to modify their orders until midnight and receive silent deliveries by 7 am the next morning. The platform provides a hassle-free experience, delivering items like milk, bread, eggs, and juices directly to customers' doorsteps. With a presence in more than 20 cities, including major urban centers like Delhi NCR, Bangalore, and Hyderabad, Milkbasket is actively expanding its reach into other Tier I and Tier II cities across India.

SnapBizz CloudTech

Venture Round in 2016
SnapBizz Cloudtech Pvt. Ltd. is a Bengaluru-based company established in 2012 that specializes in cloud-based solutions for the fast-moving consumer goods (FMCG) sector. The company develops retail billing software designed to enhance the operations of kirana stores. Its offerings include snap billing, snap order, and snap inventory functionalities, which facilitate online product ordering and streamline customer relationship and stock management. Additionally, SnapBizz enables retailers to showcase brand offers and discounts, as well as to communicate promotions directly to customers via SMS. Through these innovative solutions, SnapBizz Cloudtech aims to improve the efficiency and profitability of small retailers in the FMCG market.

Bedbathmore.com

Series A in 2013
BedBathMore provides the best bedsheet collection in India. Products of high quality delivered to your doorstep. Check it out and find something for your home.
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