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Blume Ventures announces fund close at $250 million

Summary by Ground News
Blume Ventures, which focuses on early-stage technology-led startups, on Wednesday announced it has closed its Fund IV at over $250 million. Established in 2010 by Karthik Reddy and Sanjay Nath, Blume backs entrepreneurs either building to solve large impactful Indian problems or taking the best of Indian innovation to global markets.
Published 2 months ago

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Blume Ventures closes its largest India-dedicated fund at $250 million

Indian limited partners (LPs) — predominantly large family offices and SIDBI — accounted for 40% of the money raised in Fund-IV, with the rest coming from overseas-based family offices, foundations, sovereign funds and corporates.

2 months ago·Mumbai, India
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Blume Ventures announces closing its fund for start-ups at $250 mn

Startups: VC firm's Fund IV will invest in some 35 companies in edtech, fintech, health and other sectors

2 months ago·India
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Unacademy-backer Blume Ventures marks final close of its largest-ever fund at $250 million

Through Blume Fund IV, it will invest in 30-35 companies across different technology verticals, the VC firm has said

2 months ago·India
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Blume Ventures announces fund close at $250 million

Blume Ventures expects to also invest in robotics and artificial intelligence to software-as-a-service (SaaS) businesses.

2 months ago·New Delhi, India
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Unacademy, Zomato-backer Blume Ventures raises over $250 million; its largest-ever fund [details]

Homegrown venture fund Blume Ventures, which focuses on early-stage technology-led startups, on Wednesday announced it has closed its Fund IV at over $250 million, bringing the firms asset under management (AUM) to over $600 million.

2 months ago·India
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Blume Ventures closes its largest fund at $250M; Vedantu sacks 385 in fourth round of layoffs this year

Several venture funds focused on India and Southeast Asia have been raising record amounts of capital despite the global macroeconomic downturn this year. The latest of these is Blume Ventures, which has closed its fourth India-dedicated fund at a quarter of a billion dollars.

2 months ago
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