Blume Ventures

Blume Venture Advisors Pvt. Ltd., founded in 2010 and based in Mumbai, is a venture capital firm focused on early-stage investments in technology-driven startups across India. The firm primarily targets seed to pre-Series A funding rounds, often being the first institutional investor in its portfolio companies. Blume Ventures invests predominantly in technology sectors, including fintech, e-commerce, healthcare, and consumer internet, while also exploring opportunities in alternative technologies such as clean technology and robotics. Investment amounts typically range from $0.05 million to $0.3 million at the seed stage, with follow-on investments between $0.5 million and $1.5 million. The firm adopts a collaborative investment approach, often co-investing with angel investors and other venture funds, and provides ongoing support and mentorship to its portfolio companies, fostering their growth and development over an investment horizon of 8 to 10 years.

Arpit Agarwal

Partner, Investment & Director

Radhika Agarwal

Investment Professional

Anirvan Chowdhury

Investment Professional

Ashish Fafadia

Partner

Dhanasree Molugu

Associate

Sanjay Nath

Co-Founder & Partner

Sajith Pai

Investment Team

Karthik Reddy

Managing Partner

Kartikeya Shekhar

Investment Professional

Past deals in FMCG

Cashify

Series E in 2022
Cashify.in is an e-commerce platform for reselling used electronic gadgets. Cashify, formerly ReGlobe, is a registered trademark of Manak Waste Management Pvt Ltd. Cashify believes in offering a complete solution wherein customers can sell old or used gadgets hassle-free. Going forward with the motto "one man's waste could be another's resource", Cashify enables the customers to sell their old gadgets online and get instant cash along with free home pick up. The company is headquartered in Gurgaon, Haryana, India.

Futwork

Seed Round in 2022
Frapp is creating the future of work, one micro-job at a time. With Frapp, students can get micro-jobs to earn pocket money while helping their favourite companies achieve their business goals.

Glamplus

Seed Round in 2022
Glamplus offers an experience-based CRM solution for repeat engagement. Glamplus has the vision to digitize the informal economy of Salons, Spas, and Gyms and create an unified ecosystem to improve customer experience.

Living Food

Series A in 2022
Living Food is a packaged food and beverage brand focused on providing fresh, clean, and credible food options. The company offers a diverse range of products, including bread, dressings, dips, pasta, and juices, all designed to be healthy and preservative-free. By sourcing ingredients directly from local farmers, bakers, brewers, chefs, and artisans, Living Food ensures that its offerings are not only nutritious but also sustainable and chemical-free. This approach supports local economies and promotes environmental responsibility, allowing customers to enjoy delicious food while contributing positively to the planet.

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 2020
Milkbasket is a subscription-based micro-delivery service fulfilling daily dairy essentials and household needs of customers every morning. They deliver milk, bread, eggs, juices, butter, and other daily items needed every morning, right at customer's doorstep, free of charge. The company was founded in 2015, built on the unique Indian habit of getting fresh milk delivered at home every morning. They are based in Haryana, India but is also delivering in Noida, Dwarka, Bengaluru, and Hyderabad.

Milkbasket

Series B in 2019
Milkbasket is a subscription-based micro-delivery service fulfilling daily dairy essentials and household needs of customers every morning. They deliver milk, bread, eggs, juices, butter, and other daily items needed every morning, right at customer's doorstep, free of charge. The company was founded in 2015, built on the unique Indian habit of getting fresh milk delivered at home every morning. They are based in Haryana, India but is also delivering in Noida, Dwarka, Bengaluru, and Hyderabad.

Milkbasket

Series A in 2018
Milkbasket is a subscription-based micro-delivery service fulfilling daily dairy essentials and household needs of customers every morning. They deliver milk, bread, eggs, juices, butter, and other daily items needed every morning, right at customer's doorstep, free of charge. The company was founded in 2015, built on the unique Indian habit of getting fresh milk delivered at home every morning. They are based in Haryana, India but is also delivering in Noida, Dwarka, Bengaluru, and Hyderabad.

Milkbasket

Series A in 2018
Milkbasket is a subscription-based micro-delivery service fulfilling daily dairy essentials and household needs of customers every morning. They deliver milk, bread, eggs, juices, butter, and other daily items needed every morning, right at customer's doorstep, free of charge. The company was founded in 2015, built on the unique Indian habit of getting fresh milk delivered at home every morning. They are based in Haryana, India but is also delivering in Noida, Dwarka, Bengaluru, and Hyderabad.

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
Milkbasket is a subscription-based micro-delivery service fulfilling daily dairy essentials and household needs of customers every morning. They deliver milk, bread, eggs, juices, butter, and other daily items needed every morning, right at customer's doorstep, free of charge. The company was founded in 2015, built on the unique Indian habit of getting fresh milk delivered at home every morning. They are based in Haryana, India but is also delivering in Noida, Dwarka, Bengaluru, and Hyderabad.

Cashify

Series A in 2017
Cashify.in is an e-commerce platform for reselling used electronic gadgets. Cashify, formerly ReGlobe, is a registered trademark of Manak Waste Management Pvt Ltd. Cashify believes in offering a complete solution wherein customers can sell old or used gadgets hassle-free. Going forward with the motto "one man's waste could be another's resource", Cashify enables the customers to sell their old gadgets online and get instant cash along with free home pick up. The company is headquartered in Gurgaon, Haryana, India.

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
Frapp is creating the future of work, one micro-job at a time. With Frapp, students can get micro-jobs to earn pocket money while helping their favourite companies achieve their business goals.

Cashify

Seed Round in 2015
Cashify.in is an e-commerce platform for reselling used electronic gadgets. Cashify, formerly ReGlobe, is a registered trademark of Manak Waste Management Pvt Ltd. Cashify believes in offering a complete solution wherein customers can sell old or used gadgets hassle-free. Going forward with the motto "one man's waste could be another's resource", Cashify enables the customers to sell their old gadgets online and get instant cash along with 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 that delivers fresh and customized seafood to the doorstep of all its consumers. It is dedicated to serving every customer with fresh seafood that are FSSAI approved and follow HACCP principles. The company was driven by a mission to provide seafood aficionados with the flavor of freshness right to their doorstep. Pescafresh is a culmination of a passion for seafood with the staunch belief that "What you eat is who you are". Pescafresh was founded in 2004 and is headquartered in Mumbai, Maharashtra.