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Deepti Sri · · 1 min readIndian VC firm Blume Ventures to launch fourth fund with target of $150m
“Blume Ventures, an early-stage investor, has declared its fourth-largest fund, which will stand at US$120 million to US$150 million, joining India-focused large corpus funding,” BW Disrupt reported.
Details:
- Abu Dhabi Investment Authority will back Blume Ventures’ fourth fund, which is said to be the firm’s largest fund.
- Its third fund will reportedly pour money into 25 to 30 companies, with an initial ticket size of US$500,000 to US$1.25 million.
Context:
- Blume Ventures has invested in Indian startups including Unacademy, Dunzo, Purplle, and HealthifyMe.
- The announcement of the fourth fund comes over a year after Blume Ventures hit the first close of its third fund at US$102 million.
Editing by Collin Furtado and Eileen C. Ang
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