Blume Ventures
Unit 1, Jetha Industrial Compound, Opp Nirmal Park, Byculla East, Mumbai, Maharashtra, 400027, India
Overview
Blume Ventures provides pre-series A and early stage funding to tech-focused/tech-enabled ventures. They are typically the first institutional investors in their portfolio companies and invest for about 8-10 years. They are proponents of a collaborative approach and like to co-invest with like-minded angels and seed funds. They then provide follow-on investments to their stellar portfolio companies.
- Total investments
- 258
- Lead investments
- 78
- Investments · 12mo
- 28
- Active investors
- 11
Sector focus
- Finance
- Financial Services
- FinTech
- Venture Capital
Investment portfolio
- Battery Smart
Participated · Series C · Aug 2026
Battery Smart operates a battery-as-a-service platform that lets EV drivers swap depleted batteries for charged units in minutes, reducing vehicle downtime and upfront costs. The company serves primarily last-mile delivery and passenger mobility segments and partners with local operators to run its stations. It currently runs more than 1,600 partner-led stations across 50 cities. Battery Smart plans to expand its BaaS infrastructure and network of partner stations, with the recent debt funding intended to accelerate that roll-out and improve access for gig workers and fleet operators. The startup has raised about $192 million to date, including a $65 million Series B and a $29 million extended Series B. Financially, the company reported a 52% year-on-year increase in operating revenue to Rs 249 crore in FY25 and stated it has reached operating break-even and become EBITDA positive.
- Anmasa
Participated · Seed · Jul 2026
Anmasa operates a hyperlocal, made-to-order grocery model focused on staples in India. The company processes roughly 700–800 online orders daily and reported a 90-day repeat rate of nearly 50%, with 23x growth over the past year. It runs a network of "bright stores" and is planning geographic expansion into Bengaluru and other cities while opening manufacturing hubs. Anmasa is investing in technology upgrades, including an in-house ERP and enhanced product personalization, and is building its leadership team as it scales. Financially, the company has raised a total of ₹47.5 Cr to date, including the recent ₹30 Cr seed round.
- Neothera
Led · Seed · Jul 2026
Neothera was founded by former VC Radhika Agarwal and positions itself as a science-led skin health startup focused on acne care. The company emphasizes treating the root causes of skin issues rather than only addressing symptoms, combining diagnostics, doctor-backed care, behavioral science, technology, and clinical formulations. Public reporting highlights a patient-first approach and aims for long-term skin health outcomes. The company recently closed a Rs 9 Crore Pre-Seed round to support its launch and growth. Coverage does not provide specific operating metrics, revenue figures, or detailed product roadmaps.
- Mythik
Participated · Equity · May 2026
Founded in April 2025 by former Freecharge CEO Jason Kothari, Mythik aims to adapt and globalize Eastern mythology, folktales and history using advanced technologies including AI and virtual production. The founding team includes former senior executives from Disney, Netflix, Amazon Studios, Jio and Tencent. The company is based in Mumbai and employs roughly 200 people across product, technology, content and design. Mythik recently completed a $5 million extension to a $15 million funding round, giving it a post-money valuation above $50 million. Investors in the extension include Harsh Jain, Rajat Gupta and Blume Founders Fund among others. Kothari previously acquired and sold Valiant Entertainment for $100 million in 2018, a detail highlighted in reporting on the startup.
- SwishX
Participated · Seed · May 2026
SwishX builds an agentic AI platform composed of four products—Tender IQ, Contract IQ, Marketing IQ, and Channel IQ—that automate tender and RFP management, hospital rate contracts, marketing and doctor engagement, and channel/secondary-sales visibility. The company serves 39 enterprise customers, including 12 clients with annual revenues exceeding ₹1,000 crore, and claims measurable outcomes such as three-fold increases in tender business, 32% increases in brand visibility, 15% reductions in price leakage, and high accuracy in pricing extraction. SwishX maintains ISO 27001 certification and SOC 2 Type II compliance and uses a human-in-the-loop model alongside encryption and GDPR-aligned practices for data governance. It sells via a subscription SaaS model, offers free trials and pilots, and plans geographic expansion into emerging markets including Latin America, Southeast Asia, the Middle East, Africa, and Eastern Europe. The company is targeting $5 million in contracted ARR and over 100 enterprise customers by the end of FY27.