Blume Ventures

Blume Ventures is an early-stage venture capital firm based in Mumbai, India, founded in 2010. It specializes in providing pre-Series A and early-stage funding to technology-focused and technology-enabled ventures across various sectors, including business products, healthcare, financial services, and e-commerce. Blume Ventures typically acts as the first institutional investor in its portfolio companies and maintains a long-term investment horizon of about 8 to 10 years. The firm advocates for a collaborative investment approach, often co-investing with like-minded angel investors and seed funds. In addition to funding, Blume Ventures supports startup founders through a comprehensive platform that offers assistance in areas such as talent acquisition and operational scaling, ensuring that its portfolio companies receive the necessary resources to thrive in competitive markets.

Arpit Agarwal

Director

Akhilesh Agarwal

Associate Vice President

Apurva Dixit

Associate Vice President

Fafadia C.A., C.S., CA, CS, DISA.ICAI, Ashish Bhupendra

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

Joseph Sebastian

Associate Vice President

Past deals in FMCG

ChefKart

Seed Round in 2022
Chefkart Hospitality is a catering company that specializes in providing exceptional catering services for all types of functions, including weddings, corporate events, birthday parties, and more. They connect home chefs with households for at-home cooking.

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.

Futwork

Seed Round in 2022
Futwork is an outsourcing platform that focuses on creating flexible work opportunities through micro-jobs, primarily targeting students. By connecting them with various companies, Futwork allows students to earn money while contributing to the companies' goals in marketing, operations, research, and sales. The platform leverages technology to efficiently train and deploy tele-callers to meet the on-demand needs of organizations. This innovative approach not only provides students with valuable work experience but also supports businesses in achieving their objectives through a distributed workforce.

SuperK

Seed Round in 2022
SuperK is an innovative tech-driven platform designed to empower local entrepreneurs by providing them with the tools and resources needed to establish and run mini supermarkets. By leveraging cutting-edge technology, SuperK acts as a bridge between small business owners and the grocery retail sector, offering a streamlined solution for launching and managing convenience stores. This approach allows local entrepreneurs to tap into the growing demand for accessible, neighborhood-focused grocery stores while benefiting from the operational efficiency, inventory management, and customer insights that SuperK provides. Through its platform, SuperK facilitates the setup, management, and optimization of mini supermarkets, helping entrepreneurs offer a wide range of products to meet the needs of their communities while promoting business growth and sustainability.

Glamplus

Seed Round in 2022
Glamplus is a SAAS-enabled beauty marketplace for salons and spas in the SMB segment. Glamplus customized to suit salon,s needs. Glamplus offers Hassle-free digital appointment tracking, invoicing, customer engagement, revenue management & much more.

Living Food

Series A in 2022
Living Food develops packaged food and beverage brands with the goal of providing fresh, clean, and credible food. The company's brand offers a variety of healthy and preservative-free products such as bread, dressings, dips, pasta, and juices, allowing customers to consume sustainable and chemical-free food products made by farmers, bakers, brewers, chefs, and artisans while also contributing to the environment.

ApnaKlub

Seed Round in 2021
ApnaKlub is digitizing and organizing the FMCG procurement market by connecting buyers and brands through a single platform.

Milkbasket

Series B in 2019
Launched in early 2015, Milkbasket is India’s first and largest micro – delivery service of daily essentials. Built on the unique Indian habit of getting fresh milk delivered at home every morning, Milkbasket is today fulfilling the entire grocery needs of a household everyday with 6000+ products across 13+ categories. Milkbasket has innovated flexi-ordering and contactless deliveries, both global first, that enables its users to add or modify their orders till late midnight and get their no-disturbance silent deliveries right at their doorstep by 7 am next morning. Milkbasket, backed by Reliance, is currently live in 20+ cities including major cities like Delhi NCR, Bangalore, Hyderabad, Chennai, Jaipur, Ahmedabad and expanding its footprints across other major Tier I and Tier II cities.

Milkbasket

Series A in 2018
Launched in early 2015, Milkbasket is India’s first and largest micro – delivery service of daily essentials. Built on the unique Indian habit of getting fresh milk delivered at home every morning, Milkbasket is today fulfilling the entire grocery needs of a household everyday with 6000+ products across 13+ categories. Milkbasket has innovated flexi-ordering and contactless deliveries, both global first, that enables its users to add or modify their orders till late midnight and get their no-disturbance silent deliveries right at their doorstep by 7 am next morning. Milkbasket, backed by Reliance, is currently live in 20+ cities including major cities like Delhi NCR, Bangalore, Hyderabad, Chennai, Jaipur, Ahmedabad and expanding its footprints across other major Tier I and Tier II cities.

Milkbasket

Series A in 2018
Launched in early 2015, Milkbasket is India’s first and largest micro – delivery service of daily essentials. Built on the unique Indian habit of getting fresh milk delivered at home every morning, Milkbasket is today fulfilling the entire grocery needs of a household everyday with 6000+ products across 13+ categories. Milkbasket has innovated flexi-ordering and contactless deliveries, both global first, that enables its users to add or modify their orders till late midnight and get their no-disturbance silent deliveries right at their doorstep by 7 am next morning. Milkbasket, backed by Reliance, is currently live in 20+ cities including major cities like Delhi NCR, Bangalore, Hyderabad, Chennai, Jaipur, Ahmedabad and expanding its footprints across other major Tier I and Tier II cities.

FastFox

Series A in 2018
FastFox is building a central pool of house inventory, gathered by its captive agents from different localities. Their technology allows the agents to dip into this pool and find the most relevant houses to be shown to the customer leads given to them. Effectively, FastFox.com is a market network of home seekers and captive agents regulated by technology and the central pool of home inventory.

Milkbasket

Seed Round in 2017
Launched in early 2015, Milkbasket is India’s first and largest micro – delivery service of daily essentials. Built on the unique Indian habit of getting fresh milk delivered at home every morning, Milkbasket is today fulfilling the entire grocery needs of a household everyday with 6000+ products across 13+ categories. Milkbasket has innovated flexi-ordering and contactless deliveries, both global first, that enables its users to add or modify their orders till late midnight and get their no-disturbance silent deliveries right at their doorstep by 7 am next morning. Milkbasket, backed by Reliance, is currently live in 20+ cities including major cities like Delhi NCR, Bangalore, Hyderabad, Chennai, Jaipur, Ahmedabad and expanding its footprints across other major Tier I and Tier II cities.

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.

FastFox

Series A in 2017
FastFox is building a central pool of house inventory, gathered by its captive agents from different localities. Their technology allows the agents to dip into this pool and find the most relevant houses to be shown to the customer leads given to them. Effectively, FastFox.com is a market network of home seekers and captive agents regulated by technology and the central pool of home inventory.

Futwork

Pre Seed Round in 2016
Futwork is an outsourcing platform that focuses on creating flexible work opportunities through micro-jobs, primarily targeting students. By connecting them with various companies, Futwork allows students to earn money while contributing to the companies' goals in marketing, operations, research, and sales. The platform leverages technology to efficiently train and deploy tele-callers to meet the on-demand needs of organizations. This innovative approach not only provides students with valuable work experience but also supports businesses in achieving their objectives through a distributed workforce.

SnapBizz CloudTech

Venture Round in 2016
SnapBizz CloudTech focuses on the development of cloud-based solutions for the FMCG ecosystem.SnapBizz CloudTech offers retailers and brands with a cloud solution that enables their customers to find and order products and services online. The solution also provides billing, and customer relationship and stock management solutions.

Cashify

Seed Round in 2015
Cashify is an online marketplace for reselling used electronic gadgets. It enables the customers to sell their old gadgets online and get instant cash and free home pick up. The company is headquartered in Gurgaon, Haryana, India.

GiftCardsIndia

Venture Round in 2014
GCI first began as a single destination to purchase gift vouchers and certificates called www.giftcardsindia.in. Since then we have evolved our busines to include products, technology and distribution in the prepaid vertical. GCI has partnered with over 300 brands to empower their prepaid products within GCI's 25,000 points of sale distribution network. GCI has also created a series of its own prepaid products.

Pescafresh

Seed Round in 2014
Pescafresh is a seafood distribution and retailing company based in Mumbai, Maharashtra, founded in 2004. The company specializes in delivering fresh and customized seafood, including seawater and freshwater fish, shellfish, and various meat products such as chicken, mutton, and pork deli meats. Pescafresh emphasizes quality by ensuring that all its products are FSSAI approved and adhere to HACCP principles. The company aims to provide consumers with the convenience of enjoying fresh, high-quality seafood and meat delivered directly to their doorsteps, reflecting its commitment to freshness and customer satisfaction.

Missisippy

Seed Round in 2013
Missisippy is a food and beverage company that focuses on wellness.
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