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 Facial Recognition

Optimized Electrotech

Series A in 2025
Optimized Electrotech specializes in the development of advanced electro-optic surveillance systems tailored for strategic and commercial clients. Their products are designed to recognize individuals from considerable distances and can automatically match detected images with alert databases. These surveillance systems are engineered to operate effectively in challenging atmospheric conditions, utilizing longer wavelengths to penetrate fog, smoke, and other obstructions. Optimized Electrotech's technology is employed in various applications, including perimeter security and airport safety, providing essential monitoring capabilities for businesses and government entities involved in homeland security and defense intelligence. The company is currently in the process of raising funds to initiate commercial production of its sophisticated surveillance solutions.
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