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 Ride Sharing

Battery Smart

Series A in 2022
Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.

Flo Mobility

Seed Round in 2021
Flo Mobility builds an autonomous technology for electric two-wheelers vehicles. Flo Mobility was founded in 2018 and was headquartered in Banglore, India.

Battery Smart

Seed Round in 2021
Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.

Pitstop

Series B in 2021
Pitstop offers general repair and maintenance services for cars through its doorstep service vehicles. It features an online platform delivering a one-stop solution for all car care needs and provides quality, economical, and convenient car service. Pitstop was founded in 2015 and headquartered in Bengaluru, Karnataka.

Euler Motors

Series A in 2021
Euler Motors Private Limited, founded in 2015 and headquartered in New Delhi, specializes in designing and manufacturing light electric commercial vehicles in India. The company primarily targets the e-commerce and logistics sectors, focusing on last-mile delivery solutions for fleet owners and third-party logistics (3PL) providers. By producing electric three-wheelers for intra-city goods transportation, Euler Motors aims to facilitate the shift to sustainable mobility in India. The vehicles are designed to offer lower maintenance costs and reduce overall fleet operating expenses. Euler Motors is committed to becoming a leader in the electric vehicle market, driving the adoption of green technology in cargo transport across the country.

Euler Motors

Series A in 2020
Euler Motors Private Limited, founded in 2015 and headquartered in New Delhi, specializes in designing and manufacturing light electric commercial vehicles in India. The company primarily targets the e-commerce and logistics sectors, focusing on last-mile delivery solutions for fleet owners and third-party logistics (3PL) providers. By producing electric three-wheelers for intra-city goods transportation, Euler Motors aims to facilitate the shift to sustainable mobility in India. The vehicles are designed to offer lower maintenance costs and reduce overall fleet operating expenses. Euler Motors is committed to becoming a leader in the electric vehicle market, driving the adoption of green technology in cargo transport across the country.

Pitstop

Series A in 2020
Pitstop offers general repair and maintenance services for cars through its doorstep service vehicles. It features an online platform delivering a one-stop solution for all car care needs and provides quality, economical, and convenient car service. Pitstop was founded in 2015 and headquartered in Bengaluru, Karnataka.

RailYatri

Series B in 2020
RailYatri is a travel platform aimed at enhancing the train travel experience for millions of passengers in India. It offers a mobile app that delivers real-time information on train statuses, PNR status, seat availability predictions, and fare calculations. The platform covers over 14,500 trains and 9,000 locations, including long-distance trains, local trains, and metros. RailYatri also facilitates access to essential travel services, such as meal bookings and taxi services, through partnerships with food vendors at 300 stations and taxi firms in 20 cities. With its user-friendly features, RailYatri simplifies the process of planning and executing train travel, making it easier for passengers to access vital information and services. Since its launch, the Android app has gained popularity, amassing over 1 million downloads in its first year.

Rukita

Seed Round in 2019
PT Rukita specializes in real estate renting and management services, focusing on co-living arrangements in urban areas. Founded in 2019 and headquartered in Jakarta, Indonesia, Rukita aims to enhance the living experience for professionals and students by transforming underutilized real estate into fully serviced accommodations. The company offers various services, including apartment rentals, shared room options, and housekeeping, catering to the needs of urban dwellers in Asia's emerging economies. By partnering with property owners, Rukita not only provides comfortable living spaces but also helps owners optimize their assets for financial gain.

Trell

Seed Round in 2019
Trell Experiences Private Limited, established in 2016 and based in Mumbai, India, operates a mobile video blogging application designed for wanderers, foodies, and travelers. The platform serves as a community-based resource for discovering lifestyles through user-generated videos in various Indian languages. It allows users to create visual collections of their experiences, facilitating the sharing and discussion of favorite places and activities. By connecting people globally, Trell enables users to explore new destinations and learn about local experiences, enhancing their travel and lifestyle choices.

Euler Motors

Seed Round in 2019
Euler Motors Private Limited, founded in 2015 and headquartered in New Delhi, specializes in designing and manufacturing light electric commercial vehicles in India. The company primarily targets the e-commerce and logistics sectors, focusing on last-mile delivery solutions for fleet owners and third-party logistics (3PL) providers. By producing electric three-wheelers for intra-city goods transportation, Euler Motors aims to facilitate the shift to sustainable mobility in India. The vehicles are designed to offer lower maintenance costs and reduce overall fleet operating expenses. Euler Motors is committed to becoming a leader in the electric vehicle market, driving the adoption of green technology in cargo transport across the country.

Spinny

Series A in 2019
Spinny is a technology-driven platform that simplifies the buying and selling of used cars in India. Founded in 2015 and headquartered in Gurgaon, Haryana, Spinny aims to create a trustworthy and hassle-free experience for customers in the pre-owned car market. The company employs a full-stack business model, ensuring transparency and value in every transaction. Spinny offers a selection of handpicked cars, complete with detailed information, and provides potential buyers with the opportunity for a test drive and a five-day money-back guarantee. This approach enables car owners to list their vehicles easily while offering buyers a straightforward and reliable process for purchasing their desired cars.

Spinny

Debt Financing in 2018
Spinny is a technology-driven platform that simplifies the buying and selling of used cars in India. Founded in 2015 and headquartered in Gurgaon, Haryana, Spinny aims to create a trustworthy and hassle-free experience for customers in the pre-owned car market. The company employs a full-stack business model, ensuring transparency and value in every transaction. Spinny offers a selection of handpicked cars, complete with detailed information, and provides potential buyers with the opportunity for a test drive and a five-day money-back guarantee. This approach enables car owners to list their vehicles easily while offering buyers a straightforward and reliable process for purchasing their desired cars.

Yulu

Seed Round in 2018
Yulu Bikes Pvt Ltd engages in bike rental business. Additionally the company develops Yulu App, a bike sharing system for Android and iOS devices. The company offers Yulu Miracle, a dockless electrical vehicle and Yulu Move, a smart lock enabled bicycle for rent. Yulu Bikes Pvt Ltd was incorporated in 2017 and is based in Bengaluru, India.

Rizort

Seed Round in 2018
Rizort, Inc. is a luxury vacation marketplace that specializes in immersive travel planning and booking services. Founded in 2016 and based in Foster City, California, the company offers an augmented and virtual reality platform that enables travelers to create and personalize their own vacation experiences. Users can explore various destinations and curate their ideal trips through the platform, which provides tailored vacation options as well. Rizort aims to enhance the travel experience by allowing guests to dream and engage with their chosen locations in innovative ways, making luxury travel more accessible and customizable.

RailYatri

Series B in 2018
RailYatri is a travel platform aimed at enhancing the train travel experience for millions of passengers in India. It offers a mobile app that delivers real-time information on train statuses, PNR status, seat availability predictions, and fare calculations. The platform covers over 14,500 trains and 9,000 locations, including long-distance trains, local trains, and metros. RailYatri also facilitates access to essential travel services, such as meal bookings and taxi services, through partnerships with food vendors at 300 stations and taxi firms in 20 cities. With its user-friendly features, RailYatri simplifies the process of planning and executing train travel, making it easier for passengers to access vital information and services. Since its launch, the Android app has gained popularity, amassing over 1 million downloads in its first year.

Pitstop

Seed Round in 2018
Pitstop offers general repair and maintenance services for cars through its doorstep service vehicles. It features an online platform delivering a one-stop solution for all car care needs and provides quality, economical, and convenient car service. Pitstop was founded in 2015 and headquartered in Bengaluru, Karnataka.

Pitstop

Seed Round in 2017
Pitstop offers general repair and maintenance services for cars through its doorstep service vehicles. It features an online platform delivering a one-stop solution for all car care needs and provides quality, economical, and convenient car service. Pitstop was founded in 2015 and headquartered in Bengaluru, Karnataka.

Spinny

Seed Round in 2017
Spinny is a technology-driven platform that simplifies the buying and selling of used cars in India. Founded in 2015 and headquartered in Gurgaon, Haryana, Spinny aims to create a trustworthy and hassle-free experience for customers in the pre-owned car market. The company employs a full-stack business model, ensuring transparency and value in every transaction. Spinny offers a selection of handpicked cars, complete with detailed information, and provides potential buyers with the opportunity for a test drive and a five-day money-back guarantee. This approach enables car owners to list their vehicles easily while offering buyers a straightforward and reliable process for purchasing their desired cars.

RailYatri

Venture Round in 2016
RailYatri is a travel platform aimed at enhancing the train travel experience for millions of passengers in India. It offers a mobile app that delivers real-time information on train statuses, PNR status, seat availability predictions, and fare calculations. The platform covers over 14,500 trains and 9,000 locations, including long-distance trains, local trains, and metros. RailYatri also facilitates access to essential travel services, such as meal bookings and taxi services, through partnerships with food vendors at 300 stations and taxi firms in 20 cities. With its user-friendly features, RailYatri simplifies the process of planning and executing train travel, making it easier for passengers to access vital information and services. Since its launch, the Android app has gained popularity, amassing over 1 million downloads in its first year.

Runnr

Series B in 2016
Runnr is a B2B platform that offers hyper-local logistics services that partners with merchants in India. The company believes that convenience is key through an integrated API and easy user interface via the smartphone app.

RailYatri

Series A in 2016
RailYatri is a travel platform aimed at enhancing the train travel experience for millions of passengers in India. It offers a mobile app that delivers real-time information on train statuses, PNR status, seat availability predictions, and fare calculations. The platform covers over 14,500 trains and 9,000 locations, including long-distance trains, local trains, and metros. RailYatri also facilitates access to essential travel services, such as meal bookings and taxi services, through partnerships with food vendors at 300 stations and taxi firms in 20 cities. With its user-friendly features, RailYatri simplifies the process of planning and executing train travel, making it easier for passengers to access vital information and services. Since its launch, the Android app has gained popularity, amassing over 1 million downloads in its first year.

RailYatri

Seed Round in 2015
RailYatri is a travel platform aimed at enhancing the train travel experience for millions of passengers in India. It offers a mobile app that delivers real-time information on train statuses, PNR status, seat availability predictions, and fare calculations. The platform covers over 14,500 trains and 9,000 locations, including long-distance trains, local trains, and metros. RailYatri also facilitates access to essential travel services, such as meal bookings and taxi services, through partnerships with food vendors at 300 stations and taxi firms in 20 cities. With its user-friendly features, RailYatri simplifies the process of planning and executing train travel, making it easier for passengers to access vital information and services. Since its launch, the Android app has gained popularity, amassing over 1 million downloads in its first year.

Runnr

Series A in 2015
Runnr is a B2B platform that offers hyper-local logistics services that partners with merchants in India. The company believes that convenience is key through an integrated API and easy user interface via the smartphone app.

Runnr

Seed Round in 2015
Runnr is a B2B platform that offers hyper-local logistics services that partners with merchants in India. The company believes that convenience is key through an integrated API and easy user interface via the smartphone app.

RailYatri

Seed Round in 2014
RailYatri is a travel platform aimed at enhancing the train travel experience for millions of passengers in India. It offers a mobile app that delivers real-time information on train statuses, PNR status, seat availability predictions, and fare calculations. The platform covers over 14,500 trains and 9,000 locations, including long-distance trains, local trains, and metros. RailYatri also facilitates access to essential travel services, such as meal bookings and taxi services, through partnerships with food vendors at 300 stations and taxi firms in 20 cities. With its user-friendly features, RailYatri simplifies the process of planning and executing train travel, making it easier for passengers to access vital information and services. Since its launch, the Android app has gained popularity, amassing over 1 million downloads in its first year.

TaxiForSure

Series B in 2014
TaxiForSure.com is an aggregator of car rentals and taxis in India. They work with various taxi operators and enable them with technology to ensure that customers get an easily accessible, safe, reliable taxi ride ‘for sure’.

TaxiForSure

Series A in 2013
TaxiForSure.com is an aggregator of car rentals and taxis in India. They work with various taxi operators and enable them with technology to ensure that customers get an easily accessible, safe, reliable taxi ride ‘for sure’.

TaxiForSure

Seed Round in 2012
TaxiForSure.com is an aggregator of car rentals and taxis in India. They work with various taxi operators and enable them with technology to ensure that customers get an easily accessible, safe, reliable taxi ride ‘for sure’.
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