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 FMCG

ChefKart

Seed Round in 2022
ChefKart offers innovative at-home cooking services designed to support working professionals in India. The company provides a comprehensive kitchen management solution that includes access to experienced cooks, pantry management, and meal planning assistance. By streamlining the cooking process and reducing the need for frequent grocery shopping, ChefKart aims to deliver nutritious home-cooked meals while promoting the gig economy within the culinary sector. Their vision is to empower a vast network of cooks, creating a unique experience for customers seeking convenient and healthy dining options.

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
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.

SuperK

Seed Round in 2022
SuperK SuperK is a tech-enabled grocery retail aggregator enabling local entrepreneurs to set up and operate mini supermarkets.

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.

ZAR Partners

Seed Round in 2021
ZAR Partners operates FreightBro Logistics Pvt. Ltd., a technology-driven company focused on transforming the international freight forwarding industry. Founded in 2016 and based in Navi Mumbai, India, FreightBro provides innovative software solutions designed to streamline operations for freight forwarders, shippers, and carriers. Its flagship products include FB Forward, which offers comprehensive quote creation, rate management, and business intelligence tools, and FB Ship, a user-friendly portal for booking shipments and managing cargo visibility. By digitizing traditional processes, FreightBro aims to enhance efficiency, improve customer relations, and facilitate better communication within the logistics sector. The company's mission is to modernize freight forwarding by delivering effective tools and support, enabling businesses to operate seamlessly in a digital 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 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 a home rental service that aims to transform the renting experience by providing a central pool of house inventory sourced by its captive agents from various localities. Utilizing advanced technology, FastFox enables these agents to access and showcase the most relevant properties to potential home seekers. The platform offers users detailed information and photographs of thousands of available properties, allowing them to schedule visits and finalize arrangements directly with landlords. This approach ensures that home seekers receive authentic information and can achieve immediate closure on their rental needs.

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 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 a home rental service that aims to transform the renting experience by providing a central pool of house inventory sourced by its captive agents from various localities. Utilizing advanced technology, FastFox enables these agents to access and showcase the most relevant properties to potential home seekers. The platform offers users detailed information and photographs of thousands of available properties, allowing them to schedule visits and finalize arrangements directly with landlords. This approach ensures that home seekers receive authentic information and can achieve immediate closure on their rental needs.

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.

Snapbizz

Venture Round in 2016
Snapbizz Cloudtech Pvt. Ltd., a retail billing software that helps kirana stores in improving their business. It offers snap billing, snaporder, snap inventory, showcase the brand offers and discounts, and push offers on customers mobile through SMS. Snapbizz Cloudtech Pvt. Ltd. was incorporated in 2012 and is based in Bengaluru, India.

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.

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.
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