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 Transport and logistics

Euler Motors

Series A in 2021
Euler Motors Private Limited is an Indian automotive company that specializes in designing and manufacturing light electric commercial vehicles. Founded in 2015 and headquartered in New Delhi, the company primarily serves the e-commerce and logistics sectors, focusing on fleet owners. Euler Motors aims to lead the cargo transport market by facilitating the transition to electric vehicles in India, particularly addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By offering a comprehensive "mobility as a service" solution, Euler Motors seeks to promote mass-market adoption of electric vehicles and drive the electric vehicle revolution in the country.

Euler Motors

Series A in 2020
Euler Motors Private Limited is an Indian automotive company that specializes in designing and manufacturing light electric commercial vehicles. Founded in 2015 and headquartered in New Delhi, the company primarily serves the e-commerce and logistics sectors, focusing on fleet owners. Euler Motors aims to lead the cargo transport market by facilitating the transition to electric vehicles in India, particularly addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By offering a comprehensive "mobility as a service" solution, Euler Motors seeks to promote mass-market adoption of electric vehicles and drive the electric vehicle revolution in the country.

Euler Motors

Seed Round in 2019
Euler Motors Private Limited is an Indian automotive company that specializes in designing and manufacturing light electric commercial vehicles. Founded in 2015 and headquartered in New Delhi, the company primarily serves the e-commerce and logistics sectors, focusing on fleet owners. Euler Motors aims to lead the cargo transport market by facilitating the transition to electric vehicles in India, particularly addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By offering a comprehensive "mobility as a service" solution, Euler Motors seeks to promote mass-market adoption of electric vehicles and drive the electric vehicle revolution in the country.

Locus.sh

Series B in 2019
Locus is an intelligent logistics automation and decision-making platform that comes with in-built route planning and vehicle allocation engine which improves consistency and efficiency of operations. The platform helps companies and enterprises in e-commerce, food delivery, FMCG and other verticals to automate and optimize their logistics. The product suite comprises of a route deviation engine, order dispatch automation, a field user app, route optimizations, scheduling, tracking for end-customer, and predictive analytics. Offering the entire technology stack, in the form of a platform as a service.

GreyOrange

Series C in 2018
GreyOrange is a global company that modernizes order fulfillment through Artificial Intelligence-driven software and mobile robots built together so they cooperate in deciding on and executing warehouse activities that maximize payoffs and minimize tradeoffs to create the highest yield. The company’s always-solving fulfillment operating system GreyMatter considers predictive and real time data regarding orders, promises, inventory, shipping windows, and resources to orchestrate how workers and robots work together to fulfill the right orders at the right time. GreyOrange experts help organizations master fulfillment in the Age of Immediacy so they keep promises, capture more revenue, and improve the work experience for warehouse employees. GreyOrange has core operations in the United States, Singapore, Germany, Japan and India.

Yulu

Seed Round in 2018
Yulu Bikes Pvt Ltd engages in bike rental business. Additionally the company develops Yulu App, a bike sharing system for Android and iOS devices. The company offers Yulu Miracle, a dockless electrical vehicle and Yulu Move, a smart lock enabled bicycle for rent. Yulu Bikes Pvt Ltd was incorporated in 2017 and is based in Bengaluru, India.

Locus.sh

Series A in 2018
Locus is an intelligent logistics automation and decision-making platform that comes with in-built route planning and vehicle allocation engine which improves consistency and efficiency of operations. The platform helps companies and enterprises in e-commerce, food delivery, FMCG and other verticals to automate and optimize their logistics. The product suite comprises of a route deviation engine, order dispatch automation, a field user app, route optimizations, scheduling, tracking for end-customer, and predictive analytics. Offering the entire technology stack, in the form of a platform as a service.

Runnr

Series B in 2016
Runnr is a B2B platform that offers hyper-local logistics services that partners with merchants in India. The company believes that convenience is key through an integrated API and easy user interface via the smartphone app.

Locus.sh

Series A in 2016
Locus is an intelligent logistics automation and decision-making platform that comes with in-built route planning and vehicle allocation engine which improves consistency and efficiency of operations. The platform helps companies and enterprises in e-commerce, food delivery, FMCG and other verticals to automate and optimize their logistics. The product suite comprises of a route deviation engine, order dispatch automation, a field user app, route optimizations, scheduling, tracking for end-customer, and predictive analytics. Offering the entire technology stack, in the form of a platform as a service.

GreyOrange

Series B in 2015
GreyOrange is a global company that modernizes order fulfillment through Artificial Intelligence-driven software and mobile robots built together so they cooperate in deciding on and executing warehouse activities that maximize payoffs and minimize tradeoffs to create the highest yield. The company’s always-solving fulfillment operating system GreyMatter considers predictive and real time data regarding orders, promises, inventory, shipping windows, and resources to orchestrate how workers and robots work together to fulfill the right orders at the right time. GreyOrange experts help organizations master fulfillment in the Age of Immediacy so they keep promises, capture more revenue, and improve the work experience for warehouse employees. GreyOrange has core operations in the United States, Singapore, Germany, Japan and India.

Runnr

Series A in 2015
Runnr is a B2B platform that offers hyper-local logistics services that partners with merchants in India. The company believes that convenience is key through an integrated API and easy user interface via the smartphone app.

Runnr

Seed Round in 2015
Runnr is a B2B platform that offers hyper-local logistics services that partners with merchants in India. The company believes that convenience is key through an integrated API and easy user interface via the smartphone app.

GreyOrange

Series A in 2014
GreyOrange is a global company that modernizes order fulfillment through Artificial Intelligence-driven software and mobile robots built together so they cooperate in deciding on and executing warehouse activities that maximize payoffs and minimize tradeoffs to create the highest yield. The company’s always-solving fulfillment operating system GreyMatter considers predictive and real time data regarding orders, promises, inventory, shipping windows, and resources to orchestrate how workers and robots work together to fulfill the right orders at the right time. GreyOrange experts help organizations master fulfillment in the Age of Immediacy so they keep promises, capture more revenue, and improve the work experience for warehouse employees. GreyOrange has core operations in the United States, Singapore, Germany, Japan and India.

GreyOrange

Angel Round in 2013
GreyOrange is a global company that modernizes order fulfillment through Artificial Intelligence-driven software and mobile robots built together so they cooperate in deciding on and executing warehouse activities that maximize payoffs and minimize tradeoffs to create the highest yield. The company’s always-solving fulfillment operating system GreyMatter considers predictive and real time data regarding orders, promises, inventory, shipping windows, and resources to orchestrate how workers and robots work together to fulfill the right orders at the right time. GreyOrange experts help organizations master fulfillment in the Age of Immediacy so they keep promises, capture more revenue, and improve the work experience for warehouse employees. GreyOrange has core operations in the United States, Singapore, Germany, Japan and India.