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.
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.
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.