Blume Venture Advisors

About The Fund

Blume Venture Advisors is an early-stage venture capital firm based in Mumbai, India that focuses on backing revolutionary founders with ambitious ideas to solve hard, gnarly problems whose solutions can transform lives and impact society. They specialize in early-stage investments and aim to be lifelong partners of companies they invest in. With an emphasis on IT (& TMT), Media, Energy, CleanTech, Material Science, and Mobile sectors, Blume is committed to nurturing the next wave of innovation. They partner with transformative companies early in their lifecycle and remain hands-on throughout the journey to success. Blume's investment strategies involve contributions ranging from $1.5 to $3 million, aiming for a stake of approximately 12% to 20%. The firm has an investment horizon that suggests they are prepared to commit to ventures with customer validation, preferring ventures with launched products and consistent customer signups. While they primarily make exceptions for seasoned operators and second-time founders, their general criteria for investment readiness include B2B startups or e-commerce ventures with annualized revenue rates of $375k or more, marketplaces close to or beyond $50k in monthly GMV, and consumer apps approaching or exceeding 25k MAUs or 5k DAUs. Blume has a portfolio balance strategy aimed at investing 60-65% of its new fund in domestically-focused sectors like healthcare, financial services, brands, jobs, education, digital media, and gaming, while the remaining 35-40% is directed towards global-scale B2B SaaS and DeepTech sectors including CleanTech, manufacturing, and blockchain. Their hands-on approach extends beyond funding, as they offer comprehensive support in fundraising, hiring, business development, and more. Moreover, the eligibility for ventures to receive investment from Blume not only includes a strong Indian origin but also stretches to international markets, provided these companies plan to scale significantly.