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    Blume Ventures

    Mumbai, IndiaFounded 2010

    Blume Ventures is an early-stage venture capital firm in India that focuses on investing in technology-driven startups with scalable business models and strong founding teams. Their strategy involves backing companies building for India and the globe, with a particular emphasis on sectors like healthcare, financial services, commerce, education, digital media, gaming, SaaS, and DeepTech.

    Deal activity increased 67% year-over-year (5 deals in the last 12 months). Average disclosed round size is $44.0M (across 32 rounds with reported amounts).

    Find people at Blume Ventures on Goldilocks AI

    Portfolio

    33

    Fund Size

    $800M

    Top Stage

    Series C

    Last 12 Mo

    5

    Team

    DS

    Dhagash Shah

    Senior Investment Associate

    AF

    Ashish Fafadia

    Partner

    AP

    Anurag Pagaria

    Co-Founder

    AD

    Apurva Dixit

    CR

    Charulika Raman

    JM

    Jatin Madhra

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    33 investments
    CompanyRoundAmountDate
    GrubMarket logoGrubMarketSeries H$50MFeb 2026
    Bolna logoBolnaSeries A$6.3MJan 2026
    OOptimuseSeed$4MOct 2025
    Confido Health logoConfido HealthSeries A$10MSep 2025
    Complement 1 logoComplement 1Seed$16MMay 2025
    Atomicwork logoAtomicworkSeries A$25MJan 2025
    Ati Motors logoAti MotorsSeries B$20MJan 2025
    NNeustarkGrowth$69MJun 2024
    SSprintoSeries B$20MApr 2024
    Qomodo logoQomodoPre-Seed$34.5MNov 2023
    Ati Motors logoAti MotorsSeries A$10.8MJul 2023
    SSensorfactUnknownJul 2023
    ZZapScaleSeed$2.5MJun 2023
    PPixxelSeries B$36MJun 2023
    Aerones logoAeronesGrowth$30MJan 2023
    Euler Motors logoEuler MotorsSeries C$60MOct 2022
    Zopper logoZopperSeries C$75MSep 2022
    Lucidity logoLuciditySeed$5.3MSep 2022
    Servify logoServifySeries D$65MAug 2022
    Cashify logoCashifySeries E$90MJun 2022
    LLambdaTestGrowth$45MMar 2022
    Slice logoSliceSeries C$220MNov 2021
    Motatos logoMotatosUnknown$24MNov 2021
    SSmallcaseSeries C$40MAug 2021
    Classplus logoClassplusSeries C$65MJun 2021
    Page 1 of 2

    Top Co-Investors

    Beenext3 shared
    Athera3 shared
    Flipkart2 shared
    Accel2 shared
    Leo Capital2 shared
    Y Combinator1 shared
    Pioneer Fund1 shared
    Transpose1 shared
    Verlinvest1 shared

    Last updated: 10 April 2026