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 Smart Home

Wify

Seed Round in 2022
Wify provides on-site installation and post-purchase services.

Battery Smart

Series A in 2022
Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.

Zapkey

Seed Round in 2022
Zapkey is a real estate technology company that offers a platform designed to streamline the buying and selling of properties. It guarantees home sales within three months of the listing date, ensuring that if a property does not sell within this timeframe, Zapkey will purchase it directly. The platform utilizes data algorithms to determine fair market prices, promoting transparency and fairness in property transactions. By providing these services, Zapkey aims to simplify the real estate process for its customers and enhance their confidence in property sales.

Battery Smart

Seed Round in 2021
Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.

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.

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.

Zenatix Solutions

Seed Round in 2017
Zenatix Solutions Pvt. Ltd. specializes in designing and developing Internet of Things-based energy monitoring and control products aimed at enhancing energy efficiency across various sectors. Founded in 2013 and headquartered in Gurugram, India, the company offers several solutions, including WattMan, which automates energy and temperature monitoring, provides benchmarking across retail and banking facilities, and detects anomalies. Their product lineup also includes WattMan Lite for standalone air conditioning systems, WattMate for managing HVAC and diesel generator operations in large buildings, and WattMonitor for energy trading and peak load management in industrial settings. Additionally, WattCharge enables pre-paid metering and real-time energy monitoring for apartment complexes. Zenatix employs advanced analytics and sensors to help clients optimize energy consumption and reduce costs, thereby contributing to sustainable energy practices. As of May 2018, Zenatix operates as a subsidiary of Hero Electronix Private Limited.

Zenatix Solutions

Seed Round in 2015
Zenatix Solutions Pvt. Ltd. specializes in designing and developing Internet of Things-based energy monitoring and control products aimed at enhancing energy efficiency across various sectors. Founded in 2013 and headquartered in Gurugram, India, the company offers several solutions, including WattMan, which automates energy and temperature monitoring, provides benchmarking across retail and banking facilities, and detects anomalies. Their product lineup also includes WattMan Lite for standalone air conditioning systems, WattMate for managing HVAC and diesel generator operations in large buildings, and WattMonitor for energy trading and peak load management in industrial settings. Additionally, WattCharge enables pre-paid metering and real-time energy monitoring for apartment complexes. Zenatix employs advanced analytics and sensors to help clients optimize energy consumption and reduce costs, thereby contributing to sustainable energy practices. As of May 2018, Zenatix operates as a subsidiary of Hero Electronix Private Limited.
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