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Blume, IvyCap, Unilever Ventures bet on three startups

VCCircle

VCCircle · 1y ago

Blume, IvyCap, Unilever Ventures bet on three startups

Ride-hailing platform Namma Yatri, skincare brand SkinInspired, and healthcare-focused fintech startup Icanheal have secured early-stage funding. Namma Yatri raised $11 million in a pre-Series A funding round led by Blume Ventures and Antler, with participation from Google. SkinInspired received $1.5 million in seed funding led by Unilever Ventures, and Icanheal secured $1.8 million in seed funding from IvyCap Ventures. The funds will be used for technology development, research and development, product development, and platform scaling for the respective startups.

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Ex-DealShare Cofounder Makes A $1 Mn Sportstech Bet

Inc42 · 10m ago

Ex-DealShare Cofounder Makes A $1 Mn Sportstech Bet

Here are the requested bullet points: - Sports tech startup founded in March 2024 - Raised INR 9.4 Cr in funding from investors such as Blume Ventures, Roots Ventures, and QED Innovations Lab - Focuses on supporting and assisting sports academies in India - Founder, Vineet Medda, previously held the position of CEO and cofounder at DealShare - Medda left DealShare in January 2024 for his new venture

Blume Ventures aims at nearly $1 bn AUM with fifth VC fund

VCCircle

VCCircle · 11m ago

Blume Ventures aims at nearly $1 bn AUM with fifth VC fund

Blume Ventures, an early-stage venture capital firm, is planning to raise its fifth fund with the aim of reaching around $1 billion in assets under management (AUM). The firm has invested in successful startups like Unacademy and Purplle. Founded in 2010 by Karthik Reddy and Sanjay Nath, Blume Ventures is known for its focus on early-stage investments.

Blume Ventures partners with Dubai’s NB Ventures for $50 mn India fund

VCCircle

VCCircle · 8m ago

Blume Ventures partners with Dubai’s NB Ventures for $50 mn India fund

Blume Ventures, a Mumbai-based venture capital firm, is collaborating with Dubai-based NB Ventures to create a $50 million investment fund targeting IPO-bound startups in India. NB Ventures is known for direct venture capital investments in growth-stage startups and acting as a limited partner in other funds. This partnership aims to leverage Blume Ventures' expertise in the Indian startup ecosystem to support high-potential companies looking to go public.

Blume Ventures: Championing Diverse Innovations

Inshorts · 3m ago

Blume Ventures: Championing Diverse Innovations

Established in 2010, Blume Ventures has emerged as a key backer of early-stage startups in India, especially across transformative sectors like AI, agritech, and healthcare. With successful bets on companies like Meesho and Sugar Cosmetics, Blume has consistently delivered returns of 3 to 5x.

Early stage VC IvyCap Ventures announces final close of third fund at Rs 2,100 crore

Economic Times

Economic Times · 1y ago

Early stage VC IvyCap Ventures announces final close of third fund at Rs 2,100 crore

Venture capital firm IvyCap Ventures has closed its third fund at Rs 2,100 crores (~$280 million). The firm plans to invest in 25 early-stage startups, with an average investment amount of Rs 30-50 crore. IvyCap has already invested 40% of the capital from the fund in startups like Dhruva Space, Snitch, Celcius Logistics, GradRight, Eggoz, and Flexifyme. The fund attracted investments primarily from domestic limited partners and local family offices. IvyCap also set aside Rs 100 crore for seed-stage investments. The firm is looking at disruptive sectors like consumer tech, health tech, fintech, and climate tech.

IvyCap Ventures Managing Partner Tej Kapoor Joins ICICI Venture

Inc42 · 1y ago

IvyCap Ventures Managing Partner Tej Kapoor Joins ICICI Venture

Tej Kapoor has left IvyCap Ventures to join ICICI Venture as a director/partner. At IvyCap, Kapoor held boardroom positions in Celcius Logistics Solutions, Agraga, and GradRight. His new role at ICICI Venture will involve overseeing the firm's participation in Series A and Series B fundraisers for growth stage startups. Kapoor has a history of working with various VC firms, including dmg :: information and Fosun RZ Capital. This move comes after IvyCap announced the final close of its third fund at $251 million.

Byju's aftermath: VC firm Blume Ventures cutting back on “frivolous” investments

Economic Times

Economic Times · 2y ago

Byju's aftermath: VC firm Blume Ventures cutting back on “frivolous” investments

Blume Ventures, a prominent venture capital firm in India, is reducing investments in frivolous startups following the downfall of edtech giant Byju's. The firm aims to focus on more sustainable and promising ventures, prioritizing quality over quantity. This strategic shift reflects the cautious approach taken by investors in the wake of market disruptions and the need for long-term profitability. Blume Ventures, which manages $625 million in assets, is cutting back on “frivolous” investments as it pushes portfolio companies to increasingly shift focus to profitability.

Blume marks first close of its third growth fund at Rs 200 crore

Money Control

Money Control · 2y ago

Blume marks first close of its third growth fund at Rs 200 crore

Blume Ventures, an Indian venture capital firm, has announced the first close of its third growth fund at ₹200 crore. The fund aims to invest in technology startups at the Series B and C stages. Blume Ventures has been an active investor in the Indian startup ecosystem and this new fund will enable them to support and fuel the growth of promising companies.

Drip Project raises funding from Blume Founders Fund, others

Economic Times

Economic Times · 1y ago

Drip Project raises funding from Blume Founders Fund, others

Luxury streetwear jewellery brand Drip Project has raised an undisclosed amount of funding led by Blume Ventures, with participation from other investors. The Mumbai-based startup plans to expand its product catalogue, build inventory, and facilitate growth with the funds. Drip Project was founded in 2021 and later acquired by Metaman. The brand offers a range of jewellery including bracelets, chains, pendants, rings, and earrings. Blume Ventures focuses on investments in pre-seed, seed, and pre-Series-A startups.

Blume, Nithin Kamath's Rainmatter bet on gaming platform, bamboo product maker

VCCircle

VCCircle · 1y ago

Blume, Nithin Kamath's Rainmatter bet on gaming platform, bamboo product maker

LightFury Games, a gaming startup, has raised $8.5 million in seed funding led by Blume Ventures. The company plans to use the funds to develop AAA gaming titles and expand its team. Bamboo products maker Amwoodo has also secured $1 million in seed funding from Rainmatter, led by Nithin Kamath. Amwoodo focuses on sustainable products made from bamboo and will use the funds to grow its product range.

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