Quick Facts
Blume Ventures has achieved the initial close of its fifth investment fund at US $175 million.
The Bengaluru‑based early‑stage venture capital firm plans a final fund size of up to US $275 million by early 2026.
This milestone reflects growing investor confidence in Blume’s strategy of backing Indian startups in areas such as AI, fintech, SaaS and consumer internet.
The co‑founders, Karthik Reddy and Sanjay Nath, emphasized that the firm sees artificial intelligence as a horizontal capability embedded across its portfolio rather than a separate vertical.
Institutional limited partners are increasing their share of commitments in Fund V, while smaller family‑office cheques are playing a reduced role compared to previous funds.
Blume expects each portfolio company in this fund to contribute to at least one large exit, given the higher‑stakes fund size and backdrop of successful outcomes from earlier funds.
The firm says this fund positions it to support early‑stage Indian startups as they scale globally and prepare for future public exits or significant M&A.
This latest fund close underlines a resurgence of capital being deployed into India’s startup ecosystem despite broader macroeconomic pressures.