Blume Ventures closes its fourth fund at over $250 mn

“There is a resurgence of 2x founders and operators, as well as higher quality first-time founders,” said Nath.

DTNEXT Bureau

Published:8th Dec, 2022 at 8:19 AM

NEW DELHI: Homegrown venture fund Blume Ventures, which focuses on early-stage tech-led start-ups has closed its Fund IV at over $250 mn, bringing the firms asset under management to over $600 mn.

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.

“There is a resurgence of 2x founders and operators, as well as higher quality first-time founders,” said Nath.

Blume Fund IV will be managed by its more than 15 member investment team.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Blume Ventures closes its fourth fund at over $250 mn

“There is a resurgence of 2x founders and operators, as well as higher quality first-time founders,” said Nath.

Also Read

BJP's ally Tipra Motha Party protests in Agartala against Bangladesh leaders' remarks on Northeast India

Actress assault case: Survivor posts emotional message amid cyber attacks

ED attaches assets of Yuvraj Singh, Sonu Sood, others in betting case

Hindu man lynched to death in Bangladesh over alleged blasphemy

Chennai: Rs 7.7 Cr sports medicine wing to come up at Omandurar Hospital