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

Apurva Dixit

Associate Vice President

Vikram Gawande

Vice President, Growth

Jatin Madhra

Associate

Marmik Mankodi

Assistant Vice President - Investments

Past deals in SME

Aerem

Series A in 2025
Aerem is a FinTech platform that facilitates the adoption of rooftop solar systems for businesses, reducing electricity costs by up to 70%. It leverages a wide installer network and offers quick loans through its in-house NBFC or partner banks. Headquartered in Mumbai, Aerem aims to democratize clean energy adoption and create a sustainable future.

Mysa

Seed Round in 2025
Mysa provides smart banking platform by automating cashflow management, accounting & taxes for growing business.

Multipl

Seed Round in 2024
Founded in Bengaluru in 2020, Multipl is a fintech company that empowers mindful consumption through its platform. It encourages users to save and plan for purchases by offering personalized investment models such as mutual funds and digital gold.

Optimo Loan

Seed Round in 2024
Optimo Loan is committed to promoting financial inclusion in the small business community and having a positive social impact.Our financing solutions are designed to empower businesses, regardless of their size or background, to achieve their growth ambitions and drive economic progress.

Glamplus

Seed Round in 2024
Glamplus is a SaaS-enabled platform tailored for small to medium-sized beauty salons and spas. It offers comprehensive solutions such as digital appointment tracking, invoicing, customer engagement, revenue management, and more.

Mysa

Pre Seed Round in 2023
Mysa provides smart banking platform by automating cashflow management, accounting & taxes for growing business.

Wiom

Series A in 2023
Wiom provides internet access services to middle and lower-middle-income households. It operates as a Public Data Office Aggregator, authenticating users and connecting them with local access points after charging a specified fee.

Aerem

Seed Round in 2023
Aerem is a FinTech platform that facilitates the adoption of rooftop solar systems for businesses, reducing electricity costs by up to 70%. It leverages a wide installer network and offers quick loans through its in-house NBFC or partner banks. Headquartered in Mumbai, Aerem aims to democratize clean energy adoption and create a sustainable future.

BimaKavach

Seed Round in 2022
BimaKavach operates an online platform that simplifies business insurance for small and medium enterprises (SMEs) and startups. It combines technology and insurance expertise to offer fast, transparent, and tailored coverage options.

Aerem

Seed Round in 2022
Aerem is a FinTech platform that facilitates the adoption of rooftop solar systems for businesses, reducing electricity costs by up to 70%. It leverages a wide installer network and offers quick loans through its in-house NBFC or partner banks. Headquartered in Mumbai, Aerem aims to democratize clean energy adoption and create a sustainable future.

Multipl

Seed Round in 2022
Founded in Bengaluru in 2020, Multipl is a fintech company that empowers mindful consumption through its platform. It encourages users to save and plan for purchases by offering personalized investment models such as mutual funds and digital gold.

Scribble Data

Seed Round in 2022
Scribble Data is a machine learning and generative AI company focused on enhancing enterprise workflows through AI-powered data products. Its flagship offering, the Hasper data products engine, provides organizations with secure, customizable capabilities for managing large language model (LLM) data products. By offering a feature engineering platform, Scribble Data helps bridge the gap between data science and data engineering, allowing data teams to transform raw data into fit-for-purpose datasets. This enables effective decision-making for businesses by ensuring that their data is prepared for continuous use by data science teams and their models. Through its innovative solutions, Scribble Data aims to unlock the full potential of data while maintaining robust data integrity and adhering to policy-driven standards.

Glamplus

Seed Round in 2022
Glamplus is a SaaS-enabled platform tailored for small to medium-sized beauty salons and spas. It offers comprehensive solutions such as digital appointment tracking, invoicing, customer engagement, revenue management, and more.

Sourcewiz

Seed Round in 2021
Sourcewiz is a digital platform designed for exporters to streamline workflows and expand business operations. Its core product is a vertical sales software that enables exporters to showcase unique products to more buyers, generate inquiries, and boost sales conversion.

Superset

Seed Round in 2021
Superset is a university recruiting platform that digitizes and automates campus hiring programs for colleges and universities. By connecting students with employers through college placement cells, Superset streamlines the entire placement process, making it more efficient and user-friendly. The platform empowers students by providing equitable access to job opportunities, while also assisting employers in sourcing young talent from various institutions across the country. To date, Superset has facilitated successful placements for over 420,000 students, transforming a traditionally cumbersome process into a seamless experience for all stakeholders involved.

Airalo

Seed Round in 2019
Airalo is an eSIM storefront that provides travelers with digital SIM solutions for over 190 countries and regions. The company offers eSIMs at local rates for compatible smartphones, tablets, and PCs, allowing users to connect without carrying multiple physical SIM cards or changing numbers. Through a mobile app, Airalo enables customers to browse and activate plans themselves, delivering global connectivity and flexibility for international travel. By replacing traditional SIM cards with portable eSIM profiles, Airalo aims to simplify international roaming and help travelers stay connected wherever they go.

Skillenza

Seed Round in 2019
Skillenza is the optimum gap filler between required market-ready skills and the current college student skillset. We directly address the growing concerns of students & job seekers while connecting the right person with the right opportunity.

Mastree

Seed Round in 2019
Mastree is an educational platform that focuses on teaching Maths and Science through innovative methods led by new-age educators. It emphasizes personalized learning by conducting classes in small groups of three to five students, fostering a collaborative and engaging environment. In addition to its core subjects, Mastree also operates an online public speaking platform aimed at helping children develop their English communication skills. This dual approach provides a comprehensive learning ecosystem that combines outcome-oriented methodologies with a structured curriculum, allowing students to enhance their understanding and application of both academic subjects and language proficiency.

Skillenza

Seed Round in 2017
Skillenza is the optimum gap filler between required market-ready skills and the current college student skillset. We directly address the growing concerns of students & job seekers while connecting the right person with the right opportunity.

NowFloats

Series B in 2017
NowFloats is a company that empowers Small and Medium Businesses (SMEs) to establish an online presence using SMS technology. The platform allows businesses to create and update websites by sending text messages, ensuring high discoverability through intelligent Search Engine Optimization (SEO). This approach addresses the significant gap between the number of SMEs in India and those with registered websites, leveraging the widespread use of mobile phones and SMS. NowFloats also provides tools for analyzing website traffic and generating organic content to attract more customers. Founded by former Microsoft and Saatchi & Saatchi professionals, the company has quickly gained traction, serving nearly 2000 customers within five months of its product launch.

iService

Seed Round in 2017
iService, an electronic device repairing startup.The rates for service repair are between what is offered at authorized repair outlets of gadget companies and at local gadget repair shops.

SMINQ India Solutions

Seed Round in 2016
SMINQ India Solutions specializes in providing a real-time queue information platform that enhances customer convenience by minimizing waiting times. The company's service addresses common concerns such as the status of takeout orders, vehicle servicing, and appointment timings at healthcare facilities. By leveraging technology, SMINQ enables users to receive proactive notifications regarding their services, thus allowing them to take timely action without the need for constant follow-ups. This innovative approach not only streamlines the customer experience but also helps businesses improve their efficiency by keeping clients informed about their service status.

SnapBizz CloudTech

Venture Round in 2016
SnapBizz CloudTech Pvt. Ltd., founded in 2012 and headquartered in Bengaluru, India, specializes in developing cloud-based solutions for the fast-moving consumer goods (FMCG) sector. The company provides retail billing software designed to enhance the operational efficiency of kirana stores. Its offerings include snap billing, snap order, and snap inventory management, which streamline the retail process. Additionally, SnapBizz facilitates brand promotion by showcasing offers and discounts while enabling direct communication with customers through SMS notifications. By integrating these services, SnapBizz CloudTech empowers retailers and brands to optimize their business operations and improve customer engagement.

NowFloats

Series A in 2015
NowFloats is a company that empowers Small and Medium Businesses (SMEs) to establish an online presence using SMS technology. The platform allows businesses to create and update websites by sending text messages, ensuring high discoverability through intelligent Search Engine Optimization (SEO). This approach addresses the significant gap between the number of SMEs in India and those with registered websites, leveraging the widespread use of mobile phones and SMS. NowFloats also provides tools for analyzing website traffic and generating organic content to attract more customers. Founded by former Microsoft and Saatchi & Saatchi professionals, the company has quickly gained traction, serving nearly 2000 customers within five months of its product launch.

Instamojo

Series A in 2014
Instamojo empowers over a million MSMEs in India by providing user-friendly payment and eCommerce solutions. It aims to be a comprehensive business solution, fostering entrepreneurship through technology, data, and design.

NowFloats

Pre Seed Round in 2013
NowFloats is a company that empowers Small and Medium Businesses (SMEs) to establish an online presence using SMS technology. The platform allows businesses to create and update websites by sending text messages, ensuring high discoverability through intelligent Search Engine Optimization (SEO). This approach addresses the significant gap between the number of SMEs in India and those with registered websites, leveraging the widespread use of mobile phones and SMS. NowFloats also provides tools for analyzing website traffic and generating organic content to attract more customers. Founded by former Microsoft and Saatchi & Saatchi professionals, the company has quickly gained traction, serving nearly 2000 customers within five months of its product launch.

Instamojo

Seed Round in 2013
Instamojo empowers over a million MSMEs in India by providing user-friendly payment and eCommerce solutions. It aims to be a comprehensive business solution, fostering entrepreneurship through technology, data, and design.
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