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 Shopping

Purplle

Series D in 2022
Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India.

Stage3

Seed Round in 2021
STAGE 3 is focused on the design and manufacturing of clothing and accessories. It offers an online platform that enables women to find and rent its products. STAGE 3 offers delivery and return services in New Delhi, Mumbai, Chandigarh, and Ludhiana. STAGE 3 was founded by Sabena Puri in 2015. It is based in New Delhi, India.

Purplle

Series E in 2021
Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India.
LoveLocal (formerly known as m.Paani) is the only app you need for all your daily needs fulfilled by your trusted local shops online. Now enjoy the convenience of online ordering, Fast home delivery, digital payments - all at a tap of a button. Shop anytime, anywhere from a vast range of products including fresh fruits, vegetables, groceries, OTC Medicines, Home and Personal Care Products, snacks, and much more. So LoveLocal!

ApnaKlub

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

Purplle

Series D in 2021
Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India.

Monrow Shoes

Seed Round in 2020
Operator of a fashionable footwear brand intended to offer customers different types of shoes for various occasions. The company's brand manufactures and sells a variety of shoes including ballet shoes and sandals, block heels, flats, women's footwear brands, sneakers, and wedges via both stores and online platforms, enabling customers to purchase various comfortable footwear at affordable prices.

Purplle

Series C in 2020
Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India.

Purplle

Series C in 2019
Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India.
LoveLocal (formerly known as m.Paani) is the only app you need for all your daily needs fulfilled by your trusted local shops online. Now enjoy the convenience of online ordering, Fast home delivery, digital payments - all at a tap of a button. Shop anytime, anywhere from a vast range of products including fresh fruits, vegetables, groceries, OTC Medicines, Home and Personal Care Products, snacks, and much more. So LoveLocal!

Stage3

Seed Round in 2019
STAGE 3 is focused on the design and manufacturing of clothing and accessories. It offers an online platform that enables women to find and rent its products. STAGE 3 offers delivery and return services in New Delhi, Mumbai, Chandigarh, and Ludhiana. STAGE 3 was founded by Sabena Puri in 2015. It is based in New Delhi, India.

The Wedding Brigade

Seed Round in 2019
The Wedding Brigade is an online platform dedicated to Indian weddings, providing inspiration, shopping, and a range of services. It operates as a marketplace offering a diverse collection of traditional wedding attire such as lehengas, sarees, anarkalis, and trendy kurtas. In addition to apparel, the platform facilitates wedding planning by connecting users with various vendors, including photographers, makeup artists, and venues. By consolidating these resources, The Wedding Brigade aims to simplify the wedding planning process for its users, making it more accessible and efficient.

The Wedding Brigade

Venture Round in 2018
The Wedding Brigade is an online platform dedicated to Indian weddings, providing inspiration, shopping, and a range of services. It operates as a marketplace offering a diverse collection of traditional wedding attire such as lehengas, sarees, anarkalis, and trendy kurtas. In addition to apparel, the platform facilitates wedding planning by connecting users with various vendors, including photographers, makeup artists, and venues. By consolidating these resources, The Wedding Brigade aims to simplify the wedding planning process for its users, making it more accessible and efficient.

LoveLocal (formerly m.Paani)

Seed Round in 2017
LoveLocal (formerly known as m.Paani) is the only app you need for all your daily needs fulfilled by your trusted local shops online. Now enjoy the convenience of online ordering, Fast home delivery, digital payments - all at a tap of a button. Shop anytime, anywhere from a vast range of products including fresh fruits, vegetables, groceries, OTC Medicines, Home and Personal Care Products, snacks, and much more. So LoveLocal!

The Wedding Brigade

Seed Round in 2016
The Wedding Brigade is an online platform dedicated to Indian weddings, providing inspiration, shopping, and a range of services. It operates as a marketplace offering a diverse collection of traditional wedding attire such as lehengas, sarees, anarkalis, and trendy kurtas. In addition to apparel, the platform facilitates wedding planning by connecting users with various vendors, including photographers, makeup artists, and venues. By consolidating these resources, The Wedding Brigade aims to simplify the wedding planning process for its users, making it more accessible and efficient.

LoveLocal (formerly m.Paani)

Seed Round in 2016
LoveLocal (formerly known as m.Paani) is the only app you need for all your daily needs fulfilled by your trusted local shops online. Now enjoy the convenience of online ordering, Fast home delivery, digital payments - all at a tap of a button. Shop anytime, anywhere from a vast range of products including fresh fruits, vegetables, groceries, OTC Medicines, Home and Personal Care Products, snacks, and much more. So LoveLocal!

Purplle

Venture Round in 2015
Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India.

Zopper

Series B in 2014
Zopper.com is India's largest hyper local mobile marketplace featuring over 15,000+ offline retailers. Founded by serial entrepreneurs Surjendu Kulia and Neeraj Jain and mentored by Satish Jha and Anurag Batra, Zopper taps on the benefits of shopping at a retail store and marries them with the convenience of shopping via mobile phones. Users can buy from the comfort of their homes/offices and get the product instantly from their nearby trusted stores. Backed by marquee investors such as Tiger Global, Blume Ventures and Nirvana Ventures Advisors, the company has raised over US27 million in venture funding.

Purplle

Series A in 2013
Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India.

Bedbathmore.com

Series A in 2013
BedBathMore provides the best bedsheet collection in India. Products of high quality delivered to your doorstep. Check it out and find something for your home.

Skoolshop

Seed Round in 2013
SkoolShop.com is a portal that brings together products related to School and Education operating on both, B2B and B2C models.SkoolShop.com is a Mumbai based company founded by two HBS alumni, Satya Raghavan and Anusha Mahalingam. Satya was head of marketing at Star TV before he went to Harvard Business School where he also met Anusha and SkoolShop.com took birth. Anusha was a management consultant working with the McKinsey before going to HBS.

unamia

Seed Round in 2012
At unamia, they make delightful international kidswear for trendy kids and choosy parents. They offer a range of kidswear that they call kid-friendly, because it is stylish, soft and safe. A child who is wearing clothes that are airy and light is a happy child, a child who can be in the moment and celebrate life.
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