Blume Ventures

Blume Ventures, established in 2010 and headquartered in Mumbai, is an early-stage venture capital firm that invests in tech-focused and tech-enabled startups across India. They typically provide pre-series A and early-stage funding, often being the first institutional investors, and maintain a collaborative approach by co-investing with like-minded angels and seed funds. Blume Ventures offers follow-on investments to their portfolio companies, with an investment horizon of about 8-10 years. They target a wide range of sectors, including B2B and B2C products and services, financial services, healthcare, and information technology, among others. The firm invests amounts ranging from USD 100,000 to USD 5 million, with a preference for minority stakes. Blume Ventures assists founders at every stage through its full-stack platform approach, providing support in talent acquisition and more.

Arpit Agarwal

Partner, Investment and Director

Akhilesh Agarwal

Associate Vice President

Apurva Dixit

Associate Vice President

Ashish Fafadia

Partner

Vikram Gawande

Vice President

Vikram Gawande

Vice President, Growth

Jatin Madhra

Associate

Marmik Mankodi

Associate Vice President

Marmik Mankodi

Assistant Vice President - Investments

Venkatesh Modi

Associate

Mudit Narain

Vice President

Sanjay Nath

Co-Founder and Partner

Sajith Pai

Partner

Sarita Raichura

Director - Network Investment Programs

Karthik Reddy

Co-Founder and Partner

Joseph Sebastian

Associate Vice President

Apurva Dixit

Associate Vice President

Past deals in SME

Aerem

Series A in 2025
Aerem is a Mumbai-based FinTech platform dedicated to promoting clean energy solutions for businesses and commercial enterprises. By facilitating the adoption of rooftop solar systems, Aerem enables organizations to significantly reduce electricity costs by up to 70%. The company utilizes a comprehensive installer network and offers financing options through its in-house non-banking financial company or partner banks, making it easier for businesses, particularly micro, small, and medium enterprises, to transition to solar energy. Aerem’s mission is to democratize access to clean energy and contribute to a sustainable future, achieving a positive impact on the environment, society, and economy through its innovative services. With its growing presence across India, Aerem is positioned to lead the charge in solar energy adoption.

Mysa

Seed Round in 2025
Mysa provides smart banking platform by automating cashflow management, accounting & taxes for growing business.

Stellapps

Series C in 2024
Stellapps Technologies Private Limited is an Internet of Things (IoT) company based in Bengaluru, India, focused on enhancing the dairy supply chain. Founded in 2011, Stellapps develops a range of innovative software applications designed to optimize dairy management. Key products include SmartMoo, an automated cow-milking application aimed at reducing waste, and MooOn, a wearable device for monitoring cattle health and herd management. The company also offers smartAMCU, an automatic milk collection unit controlled via an Android IoT device, and smartCC, a cloud-based solution for managing milk chilling centers. Stellapps provides consultancy services in fodder planning, milk collection, distribution, and marketing, utilizing advanced technologies such as big data, cloud computing, and data analytics. By leveraging these technologies, Stellapps aims to improve operational efficiency and profitability for dairy farmers and cooperatives.

Multipl

Seed Round in 2024
Multipl is a financial technology company founded in 2020 in Bengaluru, Karnataka, that focuses on promoting mindful consumption through its innovative platform. The company offers a plan now, pay later model, allowing users to save money and manage expenses effectively for high-value purchases. By encouraging users to save consistently before making a purchase, Multipl helps individuals grow their savings and plan for their financial goals. Through its services, the company aims to make significant purchases achievable by fostering smarter financial habits and rewarding patience in the saving process.

Optimo Loan

Seed Round in 2024
Optimo Loan is committed to promoting financial inclusion in the small business community and having a positive social impact.Our financing solutions are designed to empower businesses, regardless of their size or background, to achieve their growth ambitions and drive economic progress.

Glamplus

Seed Round in 2024
Glamplus is a SaaS-enabled beauty marketplace tailored for small and medium-sized salons and spas. The platform provides a comprehensive suite of tools designed to streamline operations, including digital appointment tracking, invoicing, customer engagement, and revenue management. By offering a user-friendly interface, Glamplus enables beauty businesses to efficiently manage staff attendance and customer appointments while enhancing the overall experience for both service providers and clients. The platform aims to digitize the informal economy within the beauty and wellness sector, facilitating improved management and operational efficiency for salons and spas.

Mysa

Pre Seed Round in 2023
Mysa provides smart banking platform by automating cashflow management, accounting & taxes for growing business.

Wiom

Series A in 2023
Wiom is a company that provides internet services to middle and lower-middle-income households. It acts as a Public Data Office Aggregator (PDOA), authenticating users and connecting them to their preferred local access points for a fee. In addition to its internet services, Wiom has developed a network layer platform aimed at enhancing retail businesses and customer relationship management. This platform leverages cloud servers and artificial intelligence to offer network access and customer analytics, enabling clients to make informed decisions based on real-time insights. Wiom's solutions are designed to be scalable and affordable, aligning with the needs of a shared economy.

Aerem

Seed Round in 2023
Aerem is a Mumbai-based FinTech platform dedicated to promoting clean energy solutions for businesses and commercial enterprises. By facilitating the adoption of rooftop solar systems, Aerem enables organizations to significantly reduce electricity costs by up to 70%. The company utilizes a comprehensive installer network and offers financing options through its in-house non-banking financial company or partner banks, making it easier for businesses, particularly micro, small, and medium enterprises, to transition to solar energy. Aerem’s mission is to democratize access to clean energy and contribute to a sustainable future, achieving a positive impact on the environment, society, and economy through its innovative services. With its growing presence across India, Aerem is positioned to lead the charge in solar energy adoption.

BimaKavach

Seed Round in 2022
BimaKavach is an online platform designed to simplify the process of obtaining business insurance for small and medium-sized enterprises (SMEs) and startups. By integrating technology with insurance expertise, BimaKavach provides a streamlined experience that allows businesses to quickly identify and access insurance solutions tailored to their specific requirements. The platform emphasizes transparency and efficiency, enabling users to secure customized coverage within minutes. This innovative approach addresses the unique insurance needs of SMEs and startups, ensuring they have adequate protection for their operations, customers, and employees.

Aerem

Seed Round in 2022
Aerem is a Mumbai-based FinTech platform dedicated to promoting clean energy solutions for businesses and commercial enterprises. By facilitating the adoption of rooftop solar systems, Aerem enables organizations to significantly reduce electricity costs by up to 70%. The company utilizes a comprehensive installer network and offers financing options through its in-house non-banking financial company or partner banks, making it easier for businesses, particularly micro, small, and medium enterprises, to transition to solar energy. Aerem’s mission is to democratize access to clean energy and contribute to a sustainable future, achieving a positive impact on the environment, society, and economy through its innovative services. With its growing presence across India, Aerem is positioned to lead the charge in solar energy adoption.

Multipl

Seed Round in 2022
Multipl is a financial technology company founded in 2020 in Bengaluru, Karnataka, that focuses on promoting mindful consumption through its innovative platform. The company offers a plan now, pay later model, allowing users to save money and manage expenses effectively for high-value purchases. By encouraging users to save consistently before making a purchase, Multipl helps individuals grow their savings and plan for their financial goals. Through its services, the company aims to make significant purchases achievable by fostering smarter financial habits and rewarding patience in the saving process.

Scribble Data

Seed Round in 2022
Scribble Data is a machine learning and generative AI company that focuses on enhancing enterprise workflows through innovative data products. Its primary offering, the Hasper data products engine, provides secure and customizable capabilities for large language model (LLM) applications. By bridging the gap between data science and data engineering, Scribble Data's platform prepares datasets for ongoing use, allowing data teams to transform raw data into tailored datasets essential for informed business decision-making. The company emphasizes policy-driven precision and robust data integrity to help organizations unlock the full potential of their data assets.

Glamplus

Seed Round in 2022
Glamplus is a SaaS-enabled beauty marketplace tailored for small and medium-sized salons and spas. The platform provides a comprehensive suite of tools designed to streamline operations, including digital appointment tracking, invoicing, customer engagement, and revenue management. By offering a user-friendly interface, Glamplus enables beauty businesses to efficiently manage staff attendance and customer appointments while enhancing the overall experience for both service providers and clients. The platform aims to digitize the informal economy within the beauty and wellness sector, facilitating improved management and operational efficiency for salons and spas.

IppoPay

Seed Round in 2022
IppoPay is a payment aggregator that facilitates the collection and acceptance of customer payments for businesses, including small enterprises, SMEs, and freelancers. The company provides a comprehensive suite of services, including payment gateways, point-of-sale systems, and merchant accounts, which enable efficient transaction management across both online and offline channels. IppoPay supports various payment methods, such as UPI, credit cards, debit cards, and net banking, catering to sectors like retail, e-commerce, and education. The platform is designed with developer-friendly APIs for hassle-free integration, allowing businesses to streamline their payment processes and enhance the efficiency of banking transactions.

Sourcewiz

Seed Round in 2021
Sourcewiz is a platform designed to assist exporters in digitizing their workflows and enhancing business management. Its primary offering is a vertical sales software tailored specifically for exporters, enabling them to showcase their unique products to a wider audience, generate inquiries, and improve sales conversion rates. The platform allows users to create custom product catalogs by utilizing smart filters to select products based on attributes such as color, construction, design, or material. Additionally, Sourcewiz provides tools for tracking buyer engagement, including login activity, viewing history, and geographic location, which helps exporters effectively manage their offerings and drive business growth.

Superset

Seed Round in 2021
Superset is a university recruiting platform that automates and digitizes the campus hiring process for colleges and employers. It connects students with job opportunities through college placement cells, facilitating a streamlined end-to-end placement experience. The platform has successfully placed over 420,000 students, making it easier for employers to discover and hire young talent across various colleges in the country. By simplifying the traditionally cumbersome recruitment process, Superset empowers students to access job opportunities more democratically while assisting universities in enhancing their placement programs.

Bijak

Seed Round in 2019
Bijak is a B2B platform focused on agricultural commodities in India, designed to enhance the trading experience for buyers and sellers in the agricultural sector. The platform addresses issues of information asymmetry and accountability by providing transparent pricing, which helps traders, wholesalers, and food processors to make informed decisions. Bijak also facilitates better transaction management through a ledger system, optimizes logistics, and improves working capital cycles for its users. By streamlining these processes, Bijak aims to create a more efficient marketplace for agricultural commodities, ultimately benefiting all stakeholders involved in the trade.

Airalo

Seed Round in 2019
Airalo is an eSIM store that provides travelers with access to eSIMs in over 190 countries and regions at competitive local rates. Designed for eSIM-compatible devices such as smartphones, tablets, and PCs, Airalo simplifies connectivity for users by eliminating the need to carry multiple physical SIM cards or change phone numbers while abroad. Through its mobile application, travelers can easily select and activate their desired data plans based on their destination, ensuring seamless connectivity without the hassle of traditional SIM card swapping. This service is aimed at enhancing the travel experience by offering affordability and convenience in global communication.

Skillenza

Seed Round in 2019
Skillenza is the optimum gap filler between required market-ready skills and the current college student skillset. We directly address the growing concerns of students & job seekers while connecting the right person with the right opportunity.

Mastree

Seed Round in 2019
Mastree is an educational platform focused on providing personalized learning experiences in Mathematics, Science, and English communication. It employs a unique approach by offering instruction in small groups of three to five students, ensuring more individualized attention and engagement. The platform emphasizes outcome-oriented learning, utilizing a structured curriculum that progresses in a step-by-step manner. This method not only enhances students' understanding of complex subjects but also aims to improve their communication skills in English. By creating a global learning ecosystem, Mastree effectively supports children's educational development across multiple disciplines.

Stellapps

Series B in 2018
Stellapps Technologies Private Limited is an Internet of Things (IoT) company based in Bengaluru, India, focused on enhancing the dairy supply chain. Founded in 2011, Stellapps develops a range of innovative software applications designed to optimize dairy management. Key products include SmartMoo, an automated cow-milking application aimed at reducing waste, and MooOn, a wearable device for monitoring cattle health and herd management. The company also offers smartAMCU, an automatic milk collection unit controlled via an Android IoT device, and smartCC, a cloud-based solution for managing milk chilling centers. Stellapps provides consultancy services in fodder planning, milk collection, distribution, and marketing, utilizing advanced technologies such as big data, cloud computing, and data analytics. By leveraging these technologies, Stellapps aims to improve operational efficiency and profitability for dairy farmers and cooperatives.

Skillenza

Seed Round in 2017
Skillenza is the optimum gap filler between required market-ready skills and the current college student skillset. We directly address the growing concerns of students & job seekers while connecting the right person with the right opportunity.

Stellapps

Series A in 2017
Stellapps Technologies Private Limited is an Internet of Things (IoT) company based in Bengaluru, India, focused on enhancing the dairy supply chain. Founded in 2011, Stellapps develops a range of innovative software applications designed to optimize dairy management. Key products include SmartMoo, an automated cow-milking application aimed at reducing waste, and MooOn, a wearable device for monitoring cattle health and herd management. The company also offers smartAMCU, an automatic milk collection unit controlled via an Android IoT device, and smartCC, a cloud-based solution for managing milk chilling centers. Stellapps provides consultancy services in fodder planning, milk collection, distribution, and marketing, utilizing advanced technologies such as big data, cloud computing, and data analytics. By leveraging these technologies, Stellapps aims to improve operational efficiency and profitability for dairy farmers and cooperatives.

NowFloats

Series B in 2017
NowFloats is a company that empowers Small and Medium Businesses (SMEs) to establish an online presence using SMS technology. The platform allows businesses to create and update websites by sending text messages, ensuring high discoverability through intelligent Search Engine Optimization (SEO). This approach addresses the significant gap between the number of SMEs in India and those with registered websites, leveraging the widespread use of mobile phones and SMS. NowFloats also provides tools for analyzing website traffic and generating organic content to attract more customers. Founded by former Microsoft and Saatchi & Saatchi professionals, the company has quickly gained traction, serving nearly 2000 customers within five months of its product launch.

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.

SnapBizz CloudTech

Venture Round in 2016
SnapBizz Cloudtech Pvt. Ltd. is a Bengaluru-based company established in 2012 that specializes in cloud-based solutions for the fast-moving consumer goods (FMCG) sector. The company develops retail billing software designed to enhance the operations of kirana stores. Its offerings include snap billing, snap order, and snap inventory functionalities, which facilitate online product ordering and streamline customer relationship and stock management. Additionally, SnapBizz enables retailers to showcase brand offers and discounts, as well as to communicate promotions directly to customers via SMS. Through these innovative solutions, SnapBizz Cloudtech aims to improve the efficiency and profitability of small retailers in the FMCG market.

NowFloats

Series A in 2015
NowFloats is a company that empowers Small and Medium Businesses (SMEs) to establish an online presence using SMS technology. The platform allows businesses to create and update websites by sending text messages, ensuring high discoverability through intelligent Search Engine Optimization (SEO). This approach addresses the significant gap between the number of SMEs in India and those with registered websites, leveraging the widespread use of mobile phones and SMS. NowFloats also provides tools for analyzing website traffic and generating organic content to attract more customers. Founded by former Microsoft and Saatchi & Saatchi professionals, the company has quickly gained traction, serving nearly 2000 customers within five months of its product launch.

Instamojo

Series A in 2014
Instamojo is a digital payments and e-commerce platform that empowers micro, small, and medium enterprises (MSMEs) in India. Over the past decade, the company has successfully addressed the key needs of its customers, providing a comprehensive solution for business owners. Its platform enables merchants to manage various aspects of their operations, including showcasing products, collecting orders, tracking sales, connecting with customers, and handling logistics. By leveraging technology and design, Instamojo aims to revolutionize the direct-to-consumer space, fostering entrepreneurial growth and facilitating seamless online transactions for sellers.

NowFloats

Pre Seed Round in 2013
NowFloats is a company that empowers Small and Medium Businesses (SMEs) to establish an online presence using SMS technology. The platform allows businesses to create and update websites by sending text messages, ensuring high discoverability through intelligent Search Engine Optimization (SEO). This approach addresses the significant gap between the number of SMEs in India and those with registered websites, leveraging the widespread use of mobile phones and SMS. NowFloats also provides tools for analyzing website traffic and generating organic content to attract more customers. Founded by former Microsoft and Saatchi & Saatchi professionals, the company has quickly gained traction, serving nearly 2000 customers within five months of its product launch.

Instamojo

Seed Round in 2013
Instamojo is a digital payments and e-commerce platform that empowers micro, small, and medium enterprises (MSMEs) in India. Over the past decade, the company has successfully addressed the key needs of its customers, providing a comprehensive solution for business owners. Its platform enables merchants to manage various aspects of their operations, including showcasing products, collecting orders, tracking sales, connecting with customers, and handling logistics. By leveraging technology and design, Instamojo aims to revolutionize the direct-to-consumer space, fostering entrepreneurial growth and facilitating seamless online transactions for sellers.

Zipdial

Series A in 2011
ZipDial Mobile Solutions Pvt. Ltd., based in Bengaluru, India, is a provider of mobile marketing solutions that was founded in 2010 by three technology entrepreneurs. The company offers a platform designed to assist content providers in various activities including lead generation, market research, polling, and advertising. ZipDial's services encompass coupon redemption tracking, mobile number verification, and social media integration, all aimed at enhancing brand awareness and loyalty. The platform has been successfully utilized by major clients such as KFC, Pepsi, and Sanofi-Aventis, as well as by small and medium enterprises and individual celebrities. The technology behind ZipDial is patent pending and has been tested through numerous campaigns, demonstrating its effectiveness in driving new product trials and increasing sales revenue. In January 2015, ZipDial was acquired by Twitter, Inc.
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