Blume Ventures

Blume Ventures is a Mumbai-based venture capital firm that invests in seed- and early-stage technology ventures in India. It acts as an initial institutional investor in its portfolio and typically supports companies through follow-on rounds over the long term. The firm emphasizes a collaborative approach, co-investing with angels and seed funds, and often provides capital to help companies scale from seed to pre-Series A. Its focus spans software, healthcare, financial services, manufacturing, business software, and consumer internet, with a preference for minority stakes and relatively small seed investments. Blume backs portfolio companies across India, aiming to help them grow in their early stages and expand regionally or nationally.

Arpit Agarwal

Partner

Akhilesh Agarwal

Associate Vice President

Apurva Dixit

Associate Vice President

Apurva Dixit

Associate Vice President

Ashish Fafadia

Partner

Vikram Gawande

Vice President, Growth

Vikram Gawande

Vice President

Jatin Madhra

Associate

Marmik Mankodi

Assistant Vice President - Investments

Marmik Mankodi

Associate Vice President

Venkatesh Modi

Associate

Mudit Narain

Vice President

Sajith Pai

Partner

Sarita Raichura

Director - Network Investment Programs

Karthik Reddy

Co-Founder and Partner

Joseph Sebastian

Associate Vice President

Past deals in Apparel

Freakins

Series A in 2025
Freakins is a denim clothing company that focuses on delivering bold and comfortable apparel, catering specifically to Generation Z. The company emphasizes constant innovation in fashion, releasing new designs weekly. Freakins manufactures its products in-house and sells directly to consumers through various channels and marketplaces. By repurposing traditional denim staples, Freakins aims to provide stylish options that accommodate diverse body shapes and individual needs, redefining denim wear for both women and men.

FirstClub

Seed Round in 2024
FirstClub's mission is to become a rapid commerce-first omnichannel retailer that uses offline experience stores to promote the quality of its items. FirstClub's goal is to create a platform that serves customers and offers brands a unique opportunity to connect with affluent homes.

Fashor

Secondary Market in 2024
Fashor is a fashion retailer based in India, operating an online marketplace for on-demand consumer apparel. The company specializes in providing a platform for customers to browse and purchase a variety of Indian and indo-western clothing items, including kurta sets and palazzos, designed by different artisans at affordable prices.

Fashor

Series A in 2024
Fashor is a fashion retailer based in India, operating an online marketplace for on-demand consumer apparel. The company specializes in providing a platform for customers to browse and purchase a variety of Indian and indo-western clothing items, including kurta sets and palazzos, designed by different artisans at affordable prices.

Drip Project

Seed Round in 2023
Drip Project is a jewelry brand that aims to blend cultural inspiration with accessible luxury, positioning itself with the motto "Luxury at an Affordable Price." Specializing in hip-hop jewelry, the company offers a range of handcrafted pieces, including bracelets, chains, and rings, designed to empower individuals to express their unique style and personality. By focusing on statement-crafted ornaments, Drip Project caters to men seeking distinctive streetwear jewelry. The brand operates primarily through its online platform, making its products readily available to a broader audience.

Freakins

Seed Round in 2023
Freakins is a denim clothing company that focuses on delivering bold and comfortable apparel, catering specifically to Generation Z. The company emphasizes constant innovation in fashion, releasing new designs weekly. Freakins manufactures its products in-house and sells directly to consumers through various channels and marketplaces. By repurposing traditional denim staples, Freakins aims to provide stylish options that accommodate diverse body shapes and individual needs, redefining denim wear for both women and men.

Stage 3

Seed Round in 2021
Stage 3 is a fashion rental service based in New Delhi, India, founded by Sabena Puri in 2015. The company specializes in the design and manufacturing of clothing and accessories, providing an online platform that allows women to rent custom-fit designer outfits and accessories. Stage 3 sources its inventory from both established designers and emerging talents, offering a wide selection of fashionable items. The platform facilitates delivery and return services in key cities such as New Delhi, Mumbai, Chandigarh, and Ludhiana, catering to the evolving needs of modern consumers seeking stylish, convenient, and cost-effective fashion solutions.

Stage 3

Seed Round in 2019
Stage 3 is a fashion rental service based in New Delhi, India, founded by Sabena Puri in 2015. The company specializes in the design and manufacturing of clothing and accessories, providing an online platform that allows women to rent custom-fit designer outfits and accessories. Stage 3 sources its inventory from both established designers and emerging talents, offering a wide selection of fashionable items. The platform facilitates delivery and return services in key cities such as New Delhi, Mumbai, Chandigarh, and Ludhiana, catering to the evolving needs of modern consumers seeking stylish, convenient, and cost-effective fashion solutions.

Little Black Book

Series A in 2019
Little Black Book sells women's wear, apparel for men, footwear, accessories, jewelry, home decor, snacks, and beverages. They provide web and mobile shopping apps. They also provide gifting guides and gift ideas for anniversaries, birthdays, weddings, and other special occasions.

Little Black Book

Venture Round in 2017
Little Black Book sells women's wear, apparel for men, footwear, accessories, jewelry, home decor, snacks, and beverages. They provide web and mobile shopping apps. They also provide gifting guides and gift ideas for anniversaries, birthdays, weddings, and other special occasions.

sourceeasy

Seed Round in 2016
Sourceeasy is building a global framework to power apparel manufacturing and distribution. That framework consists of: - digitizing styles and its components to a mix-and-match array. - powering volume to create predictable vendor and factory behavior. - building a SaaS platform to automate manufacturing and distribution of apparel. The Sourceeasy platform indexes every style of clothing we make the first time and puts it on "Speed Dial" to vendors, turning garment production into a simple mouse click. We turn small batch, quick turn manufacturing into a predictable, repeatable, scalable process for Brands and Retailers in the $300B Fast Fashion Industry. Sourceasy was launched by Pranay Srinivasan, and Chirag Chamoli, in March 2013 and is operated from San Francisco, New York, Los Angeles, Shanghai, Hyderabad and Ho Chi Minh City.

VoxPop Clothing

Seed Round in 2014
Vox Pop Clothing is not just an apparel company; we are a whole new culture that’s ready to emerge. They believe that at the core of fashion lies expression. That’s the very reason behind our brand name: VOX POP, which means 'voice of the people'. True to its name, they are a collage of unique expressions, designed for people who can speak their mind and wear their attitude. And every time someone chooses a Vox Pop tee, they become a part of a community of believers for the same cause. It’s an iconic tribute to all the symbols and images that the world admires.

Threadsol

Seed Round in 2014
Founded in 2012, Threadsol specializes in innovative software solutions for the manufacturing industry. With offices across Asia and a customer base spanning 13 countries, they optimize material planning and utilization using AI and big data, enabling clients to save materials and improve productivity.

VoxPop Clothing

Seed Round in 2013
Vox Pop Clothing is not just an apparel company; we are a whole new culture that’s ready to emerge. They believe that at the core of fashion lies expression. That’s the very reason behind our brand name: VOX POP, which means 'voice of the people'. True to its name, they are a collage of unique expressions, designed for people who can speak their mind and wear their attitude. And every time someone chooses a Vox Pop tee, they become a part of a community of believers for the same cause. It’s an iconic tribute to all the symbols and images that the world admires.

unamia

Seed Round in 2012
At unamia, they make delightful international kidswear for trendy kids and choosy parents. They offer a range of kidswear that they call kid-friendly, because it is stylish, soft and safe. A child who is wearing clothes that are airy and light is a happy child, a child who can be in the moment and celebrate life.
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