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 Procurement

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.

ApnaKlub

Seed Round in 2021
ApnaKlub is digitizing and organizing the FMCG procurement market by connecting buyers and brands through a single platform.

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.

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.
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