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Former Flipkart executive Ranjith Boyanapalli's Flash raises $6.7 million in funding led by Blume Ventures, PeerCapital

Economic Times

Economic Times · 1y ago

Former Flipkart executive Ranjith Boyanapalli's Flash raises $6.7 million in funding led by Blume Ventures, PeerCapital

Former Flipkart executive Ranjith Boyanapalli’s startup Flash has raised $6.7 million in a funding round led by Blume Ventures and PeerCapital. The company aims to create unified digital identities for frequent shoppers and simplify their online shopping experience by providing a comprehensive mailbox to track and manage orders across various services. Flash intends to use the funding for strategic hires, infrastructure enhancements, and international expansion by 2024. The startup has already processed over 8 million emails and received over 1 million orders from power shoppers.

Related News

Fintech startup DPDzero raises $7 million in funding round led by GMO Venture Partners - The Economic Times

Economic Times

Economic Times · 9d ago

Fintech startup DPDzero raises $7 million in funding round led by GMO Venture Partners - The Economic Times

DPDzero, a Bengaluru-based fintech startup, secured $7 million in funding led by GMO Venture Partners, with participation from SMBC Asia and Blume Ventures. The company, founded by Ananth Shroff and Ranjith Ramchandra, focuses on AI-driven debt collection. The funds will be used to hire field collection agents in Bengaluru to ensure ethical practices, with plans to expand to other states. DPDzero partners with various banks and has handled collections for millions of borrowers.

LightFury Games raises $8.5 Mn in Seed round led by Blume

Entrackr

Entrackr · 1y ago

LightFury Games raises $8.5 Mn in Seed round led by Blume

Gaming startup LightFury Games has raised $8.5 million in its Seed round led by Blume Ventures. The round also saw participation from Japanese mobile entertainment firm Mixi and micro venture capital firm Gemba Capital, angel investors such as Kunal Shah, Gaurav Munjal. The proceeds will be used to build AAA titles with an initial focus on mobile games and later expand to other platforms, including consoles. AAA games are titles that typically have big budgets for both development and marketing purposes. Floated by former Unacademy and Tencent Games executive Karan Shroff, Tina Balachandran and gaming industry veteran Anurag Banerjee, the startup has also roped in former Improbable and Electronic Arts executive Chong-U Lim as its chief technology officer (CTO) and long-time Improbable executive Daniel Hall as the company’s senior director of engineering. Chief executive Shroff left Unacademy in September 2022 after a three-year stint at the edtech unicorn. Previously, he also served as the head of brand marketing for Xiaomi India for more than four years. Apart from investing in game development, the funds raised will be used to establish game studios in India and in the UK and hire top talent for these studios.

B2B sourcing startup Bidso raises $1.5M led by PeerCapital, others

IndianStartupNews

IndianStartupNews · 2y ago

B2B sourcing startup Bidso raises $1.5M led by PeerCapital, others

Technology-enabled B2B sourcing startup Bidso has raised $1.5 million or Rs 12.42 crore in a funding round led by PeerCapital, with participation from DeVC and angel investors

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.

Fintech startup Multipl raises $1.5 million funding in round led by Blume Ventures, MIXI Global Investments

Economic Times

Economic Times · 1y ago

Fintech startup Multipl raises $1.5 million funding in round led by Blume Ventures, MIXI Global Investments

Indian fintech startup Multipl has secured $1.5m in a funding round led by Blume Ventures and MIXI Global Investments. The platform, founded in 2020, incentivises users to invest in mutual funds for future expenses through partnerships with brands such as Flipkart, Myntra, and Yatra. The funds will be used to improve the platform and introduce new features. Multipl has already exceeded 500,000 downloads and aims to double this figure in the next year. The latest funding comes after a $3m round in May 2022.

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

Entrackr

Entrackr · 3m ago

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact. Shashank Pathak 05 May 2025 11:12 IST Follow Us New Update Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact, Supermorpheus, and returning investor Cocoon Capital have also participated. The total funding raised by the Bengaluru-based startup now stands at $4.02 million. The proceeds will be used to scale up manufacturing and expand its team. Founded in 2019 by Animesh Kumar Jha, Volt14 focuses on developing silicon-based anode materials for lithium-ion batteries. It has also developed an in-house cylindrical battery cell format demonstrating energy density enabled by its silicon anode. Volt14 claims that its technology increases silicon content in anodes while maintaining performance levels and is currently being evaluated by multiple battery cell manufacturers. According to market research, the lithium-ion battery sector is projected to exceed $300 billion by 2034, driven by electric vehicle adoption and energy storage expansion. Blume Ventures, the lead investor in this round, is also one of the early backers of Battery Smart, which is the most funded startup in the space.

LightFury Games secures $8.5 million funding from Blume Ventures, others

Economic Times

Economic Times · 1y ago

LightFury Games secures $8.5 million funding from Blume Ventures, others

Gaming startup LightFury Games has raised $8.5 million in a seed funding round led by Blume Ventures, Mixi, and Gemba Capital. The company, founded by former Unacademy executive Karan Shroff, aims to develop AAA games in India, with an initial focus on mobile gaming. LightFury plans to establish game studios in India and the UK, while recruiting top talent. India is the largest gaming market in the world, with a user base of 568 million gamers and over 9.5 billion gaming app downloads in 2023. However, the country has yet to produce a homegrown AAA game.

TakeMe2Space raises Rs 5.5 crore

Economic Times

Economic Times · 5m ago

TakeMe2Space raises Rs 5.5 crore

SpaceTech startup TakeMe2Space secured Rs 5.5 crore in pre-seed funding led by Seafund, with contributions from Blume Ventures, Artha Venture Fund, AC Ventures, and angel investors. The funds will support the launch of its space AI laboratory MOI-1, scaling operations, regional expansion, product portfolio enhancement, R&D, and customer acquisition. The company aims to double its revenues over the next year, according to their statement.

Bengaluru-based SaaS startup Clientell raises $2.5M in a seed round led by Blume, others

IndianStartupNews

IndianStartupNews · 1y ago

Bengaluru-based SaaS startup Clientell raises $2.5M in a seed round led by Blume, others

Bengaluru-based software provider, Clientell, has secured $2.5 million in a seed funding round led by Blume Ventures. Clientell offers sales forecasting and pipeline assessment solutions for enterprises, utilizing AI tools to optimize sales execution and revenue operations. The funding will be used to strengthen product offerings, expand the team, and further develop AI tools. Clientell aims to revolutionize enterprise sales teams by addressing challenges in revenue generation and predictability. Sanjay Nath, founder of Blume Ventures, lauded Clientell's approach in integrating AI into enterprise functions.

Astra Security raises $2.7 million from Emergent Ventures, others

Economic Times

Economic Times · 6m ago

Astra Security raises $2.7 million from Emergent Ventures, others

Astra Security, a New Delhi-based cybersecurity startup, secured $2.7 million in funding led by Emergent Ventures, with participation from The Neon Fund, Better Capital, Blume Ventures, and PointOne Capital. The funds will enhance Astra's capabilities in cloud vulnerability detection and AI-based security solutions. Astra facilitates continuous penetration testing for over 800 engineering teams across 70 countries, uncovering thousands of vulnerabilities daily, and saved customers $69 million in potential losses last year.

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