Blume Ventures focuses on integrating artificial intelligence (AI) across various sectors, including SaaS, fintech, and healthcare, expecting 40-50% of its portfolio to embody AI-driven features. The firm has successfully exited over 20 startups, including acquisitions by major players like Ola and Zomato, and it continues to back strong consumer internet, fintech, and SaaS themes. Recently, Blume’s Fund V achieved a first close of $175 million, aiming for a total of $275 million, while shifting funding sources from small family offices to larger institutional investors. Reddy emphasizes the strategic pivot towards Indian IPOs for liquidity rather than waiting for larger funding rounds. With assets under management near $650 million, Blume is positioned to leverage micro-VCs for early-stage investments, confident in the evolving landscape of India’s vibrant startup ecosystem, which remains the third-largest globally by venture funding.
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