Fund profile / India

Blume Ventures Fund V

Geography: India
Stage: Seed
Fund size: $175M
Focus: AI/ML, Consumer & Commerce, Deep Tech and Digital Health
Signals: Published

N°01 / About

About Blume Ventures Fund V

Blume Ventures Fund V is a venture capital firm based in India, focusing on Seed stage investments. The fund actively supports founders building innovative solutions in Digital Health, Fintech, Consumer Commerce, Deep Tech, AI/ML, SaaS, Marketplaces, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionIndia

Funding StageSeed

Industry Focus

AI/ML

Consumer & Commerce

Deep Tech

Digital Health

FinTech

Marketplaces

SaaS

Investor Signals Profile

active

Sweet Spot

India AI founder solving B2B/deep sectoral pain early

India early-stage

AI/deep tech

healthtech & fintech

climate & consumer

seed to Series A

defence tech

gaming

B2B AI agents

multi-agent systems

fintech innovation

wealth/savings tech

consumer investing platforms

Bullish Signals

$175M initial close, Fund Vexternal

$800M+ AUM across all vehiclesexternal

40–50 new cos planned, Fund Vexternal

Institutional LPs dominate cap tableexternal

Portfolio: Unacademy, Slice, GreyOrangeexternal

Fund IV active: defence deep-tech bettwitter @BlumeVentures

LightFury Games $11M — gaming pushtwitter @BlumeVentures

4 DRHP filings March — exits pipeline buildingtwitter @BlumeVentures

Post-IPO research team in placetwitter @BlumeVentures

Turtlemint IPO celebrated — 11yr hold validatedtwitter @BlumeVentures

Procol in Gartner Hype Cycle 2026 — portfolio validationtwitter @BlumeVentures

Japan market access roundtables — global scaling pushtwitter @BlumeVentures

Decagon AI $4.5B valuation in 3yrs — AI scaling case studytwitter @BlumeVentures

Valley Dispatch AI series launched — thought leadershiptwitter @BlumeVentures

Turtlemint Q4 PAT positive, EBITDA breakeven — portfolio exit healthtwitter @BlumeVentures

Multipl UPI Spending Account launch — fintech innovation leadlinkedin @BlumeVentures

Global Fintech Fest partnership — premium investor visibilitylinkedin @Multipl

UTI, Axis, ICICI Prudential co-backing — institutional validationlinkedin @Multipl

PowerUp Money 1L Elite members — fintech consumer tractionlinkedin @BlumeVentures

PowerUp Elite launched May '25 — mass investing democratizationlinkedin @BlumeVentures

Contrarian Signals

Final close target not yet reachedexternal

No standalone AI fund — horizontal onlyexternal

Deep tech = longer maturity timelinesexternal

Gaming bet — crowded, celeb-heavy roundtwitter @BlumeVentures

Founder Do's

Build in healthtech, fintech, climate, deep tech

Leverage AI as core product layer

Show early traction for follow-on

Founders outside Bengaluru/Mumbai welcome

Solve large-scale India problems

Defence/electro-optic deep tech welcomed

Gaming with strategic investor angle works

B2B procurement/multi-agent systems emerging focus

Hit $1M ARR with minimal team, pain-based PMF

Customer discovery > roadmap, early stage

Launch at major fintech festivals — LP/partner visibility

Fintech innovation with regulated ecosystem tie-ins wins

Consumer investing education platforms scale fast

Founder Don'ts

Don't pitch pure consumer internet plays

Don't expect check without AI/tech angle

Don't pitch late-stage only

46 signals on Blume Ventures Fund V

20 bullish · 4 contrarian · 13 pitch do's · 3 don'ts · 6 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$175M

Saves1

Website

People

Key People

Karthik BPartner

Vikram GawandeGrowth Investments

Dhagash ShahGrowth Investments

Sameera PantInvestor / Content

Ashish FafadiaPartner

Jatin MadhraPartner

N°04 / See also

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