About Blume Venture
Blume Venture is a venture capital firm founded in 2010. It is primarily based out of Mumbai, India. As of Sep 2026, Blume Venture is an active investor, having invested in 348 companies, with 7 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Seed round of rivetdating Overall, Blume Venture portfolio has seen 6 unicorns, 4 IPOs and 48 acquisitions including key companies like Purplle, Turtlemint and GreytHR. A lot of funds co-invest with Blume Venture, with names like Angel List sharing a substantial percentage of its portfolio. Blume Venture has team of 40 people including 8 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Soonicorns
Deals in last 12 months
Blume Venture's List of Top Investments
Blume Venture has a portfolio of 348 companies, including 6 unicorns. Their most notable investments are in Slice and Exotel.Their portfolio spans across India, United States, Singapore and 2 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 30 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Blume Venture:1. Purplle
Retailer of beauty and cosmetic products. This omnichannel platform offers a wide range of beauty and grooming items, including makeup, skincare, hair care, and fragrance products. The company provides a personalized shopping experience by recommending items based on individual preferences and purchase behavior. It operates both online and through physical retail outlets to provide a comprehensive selection of beauty solutions. PF = Yes
Key facts about Purplle
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $560M
- Employee Count: 973 as on Jul 31, 2025
- Investors: ADIA, Goldman Sachs and 108 Others
- Latest Funding Round: Series F, Jun 27, 2024, $*****
- Highlight: Editors' Pick
2. Turtlemint
Provider of platform for comparing and purchasing insurance, loans, and funds. It offers tools for advisors to manage clients and grow their businesses. The platform provides access to insurance, investment, and credit products. It also delivers training and support for advisors, including product information and sales skills development. The platform further offers solutions for banks, e-commerce businesses, and insurers.
Key facts about Turtlemint
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $220M
- Employee Count: 972 as on Mar 31, 2025
- Investors: Marshall Wace, Amansa Capital and 16 Others
- Latest Funding Round: Series E, Apr 29, 2022, $*****
- Highlight: Public
3. Google
Provider of internet search, digital advertising, cloud computing and other more services to individuals and businesses. Its primary service is web search, but its business extends far beyond that into digital advertising platforms, cloud computing infrastructure (Google Cloud), and artificial intelligence systems. It also provides widely used consumer applications such as Gmail (email service), Google Maps (navigation and geospatial services), Google Drive (cloud storage), and YouTube (video platform). In addition, Google develops the Android operating system, which powers most of the world’s mobile devices.
Key facts about Google
- Founded Year: 1998
- Location: Mountain View (United States)
- Annual Revenue: $1B+ as on Dec 31, 2024
- Stage: Series A
- Total Funding till date: $35M
- Employee Count: 296,712 as on Jul 31, 2026
- Investors: Western Technology Investment, Greyrock Investments and 35 Others
- Latest Funding Round: Post IPO, Jun 18, 2010, $*****
4. Ultrahuman
Developer of wearable health monitors and metabolic glucose tracking devices. These products track sleep, recovery, and metabolic markers to provide health insights. The hardware includes rings for sleep monitoring, continuous glucose monitors, and red light therapy equipment. Software platforms interpret health data and blood test results to assist with physiological performance and wellness management.
Key facts about Ultrahuman
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $173M
- Employee Count: 333 as on Mar 31, 2026
- Investors: Qualcomm Ventures, Steadview and 48 Others
- Latest Funding Round: Venture Debt, Sep 03, 2026, $*****
- Highlight: Editors' Pick
5. smallcase
Provider of a digital wealth management platform. It enables retail investors to build and manage long-term portfolios across multiple asset classes. The platform offers expert-managed model portfolios , direct mutual funds, stocks, ETFs, fixed deposits, and investment-backed credit, allowing users to invest through their existing brokerage accounts. It also provides portfolio tracking, AI-powered wealth insights, investment scoring, portfolio creation tools, and net worth management capabilities.
Key facts about smallcase
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $100M
- Employee Count: 367 as on Apr 30, 2026
- Investors: Amazon, State Street Global Advisors and 58 Others
- Latest Funding Round: Series D, Mar 27, 2025, $*****
- Highlight: Editors' Pick
Blume Venture's Year-on-Year Investment Trends
Blume Venture has invested in 348 companies over the last 16 years, with an average of 21 new investments annually in the last 10 years. In 2025, it made 47 investments, while as of Sep 2026, it has made 22 investments in this year. Its most recent first time investment was in rivetdating and most recent follow-on round was in Slice.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 16 | 22 |
2025 | 23 | 24 | 47 |
2024 | 28 | 28 | 56 |
2023 | 37 | 23 | 60 |
2022 | 35 | 35 | 70 |
2021 | 28 | 42 | 70 |
2020 | 12 | 24 | 36 |
2019 | 15 | 28 | 43 |
2018 | 6 | 33 | 39 |
2017 | 17 | 20 | 37 |
Blume Venture's Investments by Stage
Blume Venture has made 256 investments in Seed stage with an average round size of $2.1M, 52 investments in Series A stage with an average round size of $4.42M and 4 investments in Unattributed stage with an average round size of $1.22M.Stage of entry | No. of Investments |
|---|---|
Seed | 256 |
Series A | 52 |
Unattributed | 4 |
Angel | 3 |
Series B | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Blume Venture's Investments by Sector
Blume Venture has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Retail and High Tech. Notably, it has invested in 318 Tech companies, 193 Enterprise (B2B) companies, 190 Consumer (B2C) companies and at least 182 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 121 |
Consumer | 112 |
FinTech | 57 |
Retail | 55 |
High Tech | 42 |
Others | 382 |
Note: We have considered here, only first round of investments
Blume Venture's Investments by Geography
Blume Venture has made most investments in India (281), followed by United States where it has made 35 investments.Country | No. of Investments |
|---|---|
India | 281 |
United States | 35 |
Singapore | 7 |
Canada | 1 |
Note: We have considered here, only first round of investments
Blume Venture's recent investments
Blume Venture has made 22 investments in 2026 so far. rivetdating and Slice are the latest among them.Here are the most recent investments by Blume Venture:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 25, 2026 | - | Seed | 9353 | [+1] | |
Sep 03, 2026 | India | Series D | 9273 | ||
Sep 01, 2026 | India | Series C | 1422 | [+8] | |
Aug 21, 2026 | India | Series C | 5458 | [+1] | |
Jul 16, 2026 | United States | Seed | 6893 | [+8] |
Unicorns in Blume Venture's Portfolio
Blume Venture has 6 unicorns in its portfolio - Neysa, Raise, Purplle and others. The most recent unicorn in their portfolio is Neysa. It became a unicorn in 2026, 1 years after Blume Venture first invested in it.Here is a list of unicorns in Blume Venture's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of AI acceleration cloud system with infrastructure and services | 2023 | Mumbai | Series B | lvnxsdq | ||
77 | Developer of financial service products and infrastructure for Indian residents | 2021 | Mumbai | Series B | czr{yqr | ||
85 | Retailer of beauty and cosmetic products | 2012 | Mumbai | Series F | enwbgfi | ||
72 | Provider of digital banking and financial services | 2015 | Bengaluru | Series D | nklnobs | ||
76 | Retailer of inspected pre-owned vehicles with home delivery service options | 2015 | Gurugram | Series G | awvdake |
IPOs and Publicly Listed companies in Blume Venture's Portfolio
4 of Blume Venture's portfolio companies have become public. Turtlemint got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Jun 2026 at marketcap of $471M and earKART got listed on the Bombay Stock Exchange (BSE) at marketcap of $20.9M.Here are Blume Venture's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 29, 2026 | Apr 29, 2015 | Seed | 5700 | |
Oct 03, 2025 | Apr 29, 2023 | Seed | 6785 | |
Jun 08, 2023 | Apr 15, 2013 | Seed | 3046 | |
May 15, 2018 | Mar 14, 2011 | Seed | 7548 |
Acquired companies in Blume Venture's Portfolio
48 companies from Blume Venture's portfolio have been acquired. The most recent acquisition was Unacademy in Mar 2026 by UpGrad for $*****.Here are Blume Venture's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 15, 2026 | Dec 19, 2015 | Seed | 7397 | |
Oct 07, 2025 | May 09, 2016 | Series A | 6381 | |
Jul 29, 2025 | Nov 07, 2023 | Seed | 8186 | |
Jul 23, 2025 | - | - | 5291 | |
Feb 22, 2025 | Jun 16, 2017 | Series A | 1866 |
Team profile of Blume Venture
Blume Venture has a team of 40 members including 8 Partners and 12 Principals located in India and United States. Blume Venture's team sits on the board of 11 companies.Here is a list of top team members in Blume Venture:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | |||
Partner | San Francisco | |||
Partner | Bengaluru | Cashify, Euler Motors and 5 more | ||
Partner | India | - | ||
Partner | Bengaluru | - | ||
Partner | - | - | ||
Partner | Mumbai | - | ||
Partner | Mumbai | - |
Co-investors of Blume Venture
Over the past 16 years, 7111 investors have co-invested in Blume Venture's portfolio companies. This includes funds and angels.
- Invested before Blume Venture: Angel List, QED Innovation Labs and 2598 others have invested in rounds before Blume Venture. There are 12 companies where Angel List has invested before Blume Venture and 8 companies where QED Innovation Labs has invested before Blume Venture.
- Top Co-investors of Blume Venture: 2023 investors entered a company along with Blume Venture. These include investors like Angel List (23 companies).
- Invested after Blume Venture: A total of 2488 investors have invested in Blume Venture's portfolio after their investments. Top Investors include Alteria Capital (18 companies), Angel List (17 companies) and Peak XV Partners (13 companies).
Recent News related to Blume Venture
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Aina Secures $5.5M Seed Round for AI Hardware InterfaceStartupHub.ai•Jul 16, 2026•360 One, AINA TECH, RedStart Labs, Aina Computers and 3 others
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Blume Ventures Secures Key Domestic LP for Fifth Venture Capital FundVCCircle•Jul 15, 2026•Blume Venture
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Anmasa raises Rs 30 crore seed funding led by Fireside VenturesEntrackr•Jul 15, 2026•Anmasa, Fireside Ventures, Blume Venture
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Skin Health Startup Neothera Secures Rs 9 Cr Pre-Seed InvestmentIndian Retailer•Jul 08, 2026•Neothera, Blume Venture, Veltis Capital, Atrium
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