Blume Ventures is an India-based venture capital firm founded in 2011 by Karthik Reddy and Sanjay Nath. Over the past decade and a half, Blume has become one of India’s leading early-stage investors, backing visionary founders across technology, consumer, and deeptech sectors. The firm is known for being among the first institutional investors in India to combine hands-on founder support with institutional-grade fund management.
In October 2025, Blume Ventures announced the initial close of its fifth flagship fund, Blume Ventures Fund V, at USD 175 million, with a target final close of USD 250–275 million by early 2026.
The fund marks the firm’s 15th anniversary and continues its core strategy of backing early-stage companies solving complex, high-impact challenges.
Fund V has attracted continued commitment from existing marquee LPs and added new institutional investors, multilateral agencies, corporates, and family offices.
Leadership
Blume Ventures is led by Karthik Reddy and Sanjay Nath, who co-founded the firm in 2011. Both bring deep experience in venture capital, entrepreneurship, and ecosystem building. The leadership team also includes a group of partners and principals overseeing sector-specific portfolios in healthtech, fintech, deeptech, and consumer innovation.
Investment Strategy
Blume’s strategy is centered on backing founders early and supporting them through multiple growth stages. The firm positions itself as a long-term partner, often leading or co-leading rounds from seed to Series A and continuing participation in follow-on rounds. Its approach combines patient capital, strong mentorship, and strategic guidance to help startups achieve product-market fit and global scalability.
The firm has been particularly active in nurturing India’s deeptech and cross-border startup ecosystem, investing in ventures that merge technological innovation with strong business fundamentals. Blume’s funds are designed to capture both India’s domestic market potential and its growing global footprint in technology.
Notable Investments
Blume’s portfolio includes:
Its companies operate across verticals such as AI, logistics, health, fintech, consumer internet, and SaaS. Many have evolved into category leaders in the Indian and international startup ecosystem.
Notable Exits
The firm has reported strong distributions from its Fund I and II vintages, totaling over USD 80 million DPI in 2025, reflecting a maturing portfolio with solid exit activity. Upcoming IPOs include Turtlemint, which has already filed its DRHP with Indian regulators.
Other
Blume Ventures stands out for its transparent communication with LPs and founders, extensive research output through its Blume Library and Omega Files, and its thought leadership within India’s venture ecosystem. Founders engaging with Blume can expect a collaborative, hands-on partnership that extends beyond financing to long-term company building.
India
