In a significant stride for India’s startup ecosystem, Blume Ventures has announced the first close of its $175 million Fund V, reinforcing its commitment to backing IP-driven founders across early and growth stages. Staying true to its thesis-led investment approach, the firm aims to support 30–35 startups across key verticals including fintech (PowerUp Money), healthtech (Mave Health, Confido Health), consumer (Lucira Jewelry), and deep-tech (iDO Devices Private Limited).
Karthik B. Reddy, Managing Partner at Blume Ventures, noted that while the firm’s previous fund saw over $110 million raised from domestic investors, Fund V focuses on engaging larger limited partners to drive scale and sustainability. “We’re trying to stay away from those experimental small checks today,” he shared, emphasizing a more disciplined capital approach that “probably shuts out between $60 million to $75 million of Indian money.”
With this fund, Blume Ventures continues to cement its position as one of India’s most consistent early-stage investors blending conviction with scale to empower founders building for India and the world.
