Blume Ventures

Blume Ventures is a Mumbai-based venture capital firm that invests in seed- and early-stage technology ventures in India. It acts as an initial institutional investor in its portfolio and typically supports companies through follow-on rounds over the long term. The firm emphasizes a collaborative approach, co-investing with angels and seed funds, and often provides capital to help companies scale from seed to pre-Series A. Its focus spans software, healthcare, financial services, manufacturing, business software, and consumer internet, with a preference for minority stakes and relatively small seed investments. Blume backs portfolio companies across India, aiming to help them grow in their early stages and expand regionally or nationally.

Arpit Agarwal

Partner

Akhilesh Agarwal

Associate Vice President

Apurva Dixit

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

Sajith Pai

Partner

Sarita Raichura

Director - Network Investment Programs

Karthik Reddy

Co-Founder and Partner

Joseph Sebastian

Associate Vice President

Past deals in Procurement

Zoplar

Series A in 2025
Zoplar operates a comprehensive platform catering to diverse healthcare needs. It offers an extensive range of products for hospitals and clinics, streamlining the procurement process by eliminating pricing complexity, ensuring reliable inventory, and enhancing delivery and after-sales experiences.

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.

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.

Manufactured

Seed Round in 2018
Founded in 2019, Manufactured specializes in manufacturing and inventory financing. It offers purchase order financing, factoring, and comprehensive sourcing services to optimize cash flow, prevent stockouts, and streamline supply chain management for businesses across various industries.

Manufactured

Pre Seed Round in 2018
Founded in 2019, Manufactured specializes in manufacturing and inventory financing. It offers purchase order financing, factoring, and comprehensive sourcing services to optimize cash flow, prevent stockouts, and streamline supply chain management for businesses across various industries.

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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