Pre-seed to Series A fund research profile
Blume is an India-focused early-stage platform built around seed and pre-Series A investing, with a broad technology mandate rather than a single vertical. Its value-add model combines the fund with operating support in finance, legal, talent and market networks.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Blume Ventures uses a pre-seed to series a approach across Consumer, fintech, deeptech, climate.
Current evidence
Blume announced the initial close of Fund V at $175M in 2025, with named investments including Mave Health, Confido Health, Lucira Jewelry, OZi, PowerUp Money and iDO Devices; the GP also reports 2025 distributions above $80M.
Bundled fund series
Related manager and vehicle records are shown here as one fund family. The original source trails and vehicle-level caveats remain preserved in the research record.
Blume Ventures Fund V
Vintage / record year: 2025
Strategy
Pre-seed to Series A
Sector focus
Consumer, fintech, deeptech, climate
AIF structure context
Indian venture capital and angel-fund strategies are commonly structured as Category I AIFs. Verify the specific vehicle and registration before investing.
Current signal
Blume announced the initial close of Fund V at $175M in 2025, with named investments including Mave Health, Confido Health, Lucira Jewelry, OZi, PowerUp Money and iDO Devices; the GP also reports 2025 distributions above $80M.
Investor questions
Blume Ventures is covered in Rupeia's venture capital research universe. The current public record describes the strategy as Pre-seed to Series A, with a sector focus of Consumer, fintech, deeptech, climate. The profile should be read with the linked source trail and Typical route: Category I AIF context.
The profile displays only company or asset names attributable to Blume Ventures in the reviewed public sources: Purplle, Unacademy, Dunzo, GreyOrange, Slice, longest-running independent Indian seed fund (2010), Mave Health, Confido Health, Lucira, OZi, PowerUp Money, iDO Devices, BIDSO, Vectra Pay, Numero, Lumio, Ollive.ai, The GP’s Fund V page lists 12 investments at the time of review, the list is a current public snapshot, not a complete historical portfolio count.. It does not represent a complete current portfolio unless the manager has published one.
Fund IV reporting cites category creators including Unacademy, Slice, smallcase, Purplle, Battery Smart, GreyOrange and LambdaTest. Blume’s Fund V update says the manager anticipated aggregate DPI above $80M across all funds in 2025; this is a forward-looking manager statement, not audited fund-level performance. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Fund IV is approximately $290M on the GP’s fund page. Fund V reached an initial close of $175M in October 2025 with a reported $250–275M final-close target; IFC described a $300M target for its GIFT Fund V project.. Public terms or access information: Pre-seed to Series A / early-stage investing in Indian and cross-border technology businesses. Blume’s Fund III page disclosed $750K–$2.3M cheques; current Fund V cheque terms are not fully disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Karthik Reddy, Sanjay Nath, Sajith Pai. Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review stage concentration, follow-on reserves, company failure rates, dilution, exit timing and the gap between paper valuations and realised distributions. The current open diligence point is: Fund V close; fintech-specific exits (gap flagged VC-FT-001) Vehicle-level differences from Blume Ventures Fund V are retained in seriesRecords; the directory publishes one manager-level record..
2025-10-29: Blume announced the initial close of Fund V at $175M in 2025, with named investments including Mave Health, Confido Health, Lucira Jewelry, OZi, PowerUp Money and iDO Devices; the GP also reports 2025 distributions above $80M.
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