Blume Ventures

Blume Venture Advisors Pvt. Ltd. is a Mumbai-based venture capital firm established in 2010, specializing in early-stage investments in technology-focused startups across various sectors. The firm primarily targets seed to pre-Series A funding rounds, investing between $0.05 million and $0.3 million, with the capacity to double this amount through co-investments. Blume Ventures focuses on a diverse range of sectors including fintech, biotechnology, consumer internet, e-commerce, and deep tech, among others. It aims to be the first institutional investor in its portfolio companies and typically maintains a minority stake. The firm emphasizes a collaborative investment approach, often co-investing with angel investors and other venture capital firms, while also providing ongoing support and mentorship to its startups. Follow-on investments range from $0.5 million to $1.5 million, reflecting the firm's commitment to nurturing its portfolio over an investment horizon of 8 to 10 years.

Arpit Agarwal

Partner, Investment and Director

Akhilesh Agarwal

Associate Vice President

Apurva Dixit

Associate Vice President

Ashish Fafadia

Partner

Vikram Gawande

Vice President

Marmik Mankodi

Associate Vice President

Venkatesh Modi

Associate

Mudit Narain

Vice President

Sanjay Nath

Co-Founder and Managing Partner

Sajith Pai

Director

Karthik Reddy

Co-Founder and Partner

Joseph Sebastian

Associate Vice President

Past deals in Consumer Electronics

Battery Smart

Series A in 2022
Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.

Cashify

Series E in 2022
Cashify is an e-commerce platform that specializes in the reselling of used electronic gadgets, offering a seamless experience for customers looking to sell their old devices. Originally known as ReGlobe, the company, which is a registered trademark of Manak Waste Management Pvt Ltd, is based in Gurgaon, Haryana, India. Cashify provides users with tools to assess the value of their gadgets by considering factors such as model number, defects, and overall condition. The platform facilitates hassle-free transactions, allowing customers to receive instant cash for their devices, along with the convenience of free home pickup. By promoting the idea that one person's waste can become another's resource, Cashify aims to simplify the process of selling used electronics.

Battery Smart

Seed Round in 2021
Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.

Servify

Series C in 2020
Servify is a mobile-based solution designed to serve as a personal assistant for consumers' electronic gadgets and appliances. The platform enables users to store bills and warranties in the cloud and connects them with authorized service providers for reliable repairs. Additionally, Servify offers a self-learning post-purchase service platform that integrates multiple partners within the post-sales service ecosystem. This allows enterprises to effectively manage the ownership experience of their products throughout their lifecycle, providing guidance for future purchases and enhancing overall customer satisfaction.

Servify

Series C in 2020
Servify is a mobile-based solution designed to serve as a personal assistant for consumers' electronic gadgets and appliances. The platform enables users to store bills and warranties in the cloud and connects them with authorized service providers for reliable repairs. Additionally, Servify offers a self-learning post-purchase service platform that integrates multiple partners within the post-sales service ecosystem. This allows enterprises to effectively manage the ownership experience of their products throughout their lifecycle, providing guidance for future purchases and enhancing overall customer satisfaction.

Servify

Series B in 2018
Servify is a mobile-based solution designed to serve as a personal assistant for consumers' electronic gadgets and appliances. The platform enables users to store bills and warranties in the cloud and connects them with authorized service providers for reliable repairs. Additionally, Servify offers a self-learning post-purchase service platform that integrates multiple partners within the post-sales service ecosystem. This allows enterprises to effectively manage the ownership experience of their products throughout their lifecycle, providing guidance for future purchases and enhancing overall customer satisfaction.

Cashify

Series A in 2017
Cashify is an e-commerce platform that specializes in the reselling of used electronic gadgets, offering a seamless experience for customers looking to sell their old devices. Originally known as ReGlobe, the company, which is a registered trademark of Manak Waste Management Pvt Ltd, is based in Gurgaon, Haryana, India. Cashify provides users with tools to assess the value of their gadgets by considering factors such as model number, defects, and overall condition. The platform facilitates hassle-free transactions, allowing customers to receive instant cash for their devices, along with the convenience of free home pickup. By promoting the idea that one person's waste can become another's resource, Cashify aims to simplify the process of selling used electronics.

Zenatix Solutions

Seed Round in 2017
Zenatix Solutions Pvt. Ltd. specializes in designing and developing Internet of Things-based energy monitoring and control products aimed at enhancing energy efficiency across various sectors. Founded in 2013 and headquartered in Gurugram, India, the company offers several solutions, including WattMan, which automates energy and temperature monitoring, provides benchmarking across retail and banking facilities, and detects anomalies. Their product lineup also includes WattMan Lite for standalone air conditioning systems, WattMate for managing HVAC and diesel generator operations in large buildings, and WattMonitor for energy trading and peak load management in industrial settings. Additionally, WattCharge enables pre-paid metering and real-time energy monitoring for apartment complexes. Zenatix employs advanced analytics and sensors to help clients optimize energy consumption and reduce costs, thereby contributing to sustainable energy practices. As of May 2018, Zenatix operates as a subsidiary of Hero Electronix Private Limited.

iService

Seed Round in 2017
iService, an electronic device repairing startup.The rates for service repair are between what is offered at authorized repair outlets of gadget companies and at local gadget repair shops.

Servify

Seed Round in 2016
Servify is a mobile-based solution designed to serve as a personal assistant for consumers' electronic gadgets and appliances. The platform enables users to store bills and warranties in the cloud and connects them with authorized service providers for reliable repairs. Additionally, Servify offers a self-learning post-purchase service platform that integrates multiple partners within the post-sales service ecosystem. This allows enterprises to effectively manage the ownership experience of their products throughout their lifecycle, providing guidance for future purchases and enhancing overall customer satisfaction.

Servify

Seed Round in 2016
Servify is a mobile-based solution designed to serve as a personal assistant for consumers' electronic gadgets and appliances. The platform enables users to store bills and warranties in the cloud and connects them with authorized service providers for reliable repairs. Additionally, Servify offers a self-learning post-purchase service platform that integrates multiple partners within the post-sales service ecosystem. This allows enterprises to effectively manage the ownership experience of their products throughout their lifecycle, providing guidance for future purchases and enhancing overall customer satisfaction.

Zenatix Solutions

Seed Round in 2015
Zenatix Solutions Pvt. Ltd. specializes in designing and developing Internet of Things-based energy monitoring and control products aimed at enhancing energy efficiency across various sectors. Founded in 2013 and headquartered in Gurugram, India, the company offers several solutions, including WattMan, which automates energy and temperature monitoring, provides benchmarking across retail and banking facilities, and detects anomalies. Their product lineup also includes WattMan Lite for standalone air conditioning systems, WattMate for managing HVAC and diesel generator operations in large buildings, and WattMonitor for energy trading and peak load management in industrial settings. Additionally, WattCharge enables pre-paid metering and real-time energy monitoring for apartment complexes. Zenatix employs advanced analytics and sensors to help clients optimize energy consumption and reduce costs, thereby contributing to sustainable energy practices. As of May 2018, Zenatix operates as a subsidiary of Hero Electronix Private Limited.

Cashify

Seed Round in 2015
Cashify is an e-commerce platform that specializes in the reselling of used electronic gadgets, offering a seamless experience for customers looking to sell their old devices. Originally known as ReGlobe, the company, which is a registered trademark of Manak Waste Management Pvt Ltd, is based in Gurgaon, Haryana, India. Cashify provides users with tools to assess the value of their gadgets by considering factors such as model number, defects, and overall condition. The platform facilitates hassle-free transactions, allowing customers to receive instant cash for their devices, along with the convenience of free home pickup. By promoting the idea that one person's waste can become another's resource, Cashify aims to simplify the process of selling used electronics.
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