Blume Ventures Fund V

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.

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 seed founder, AI-enabled, solving deep sectoral problems

India early-stage

AI/deep tech

healthtech & fintech

climate & consumer

seed to Series A

defence tech

gaming

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

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

Founder Don'ts

Don't pitch pure consumer internet plays

Don't expect check without AI/tech angle

Don't pitch late-stage only

Key GPs & Partners

Karthik B

Partner

M&A analystexits focusedcontent creator

Vikram Gawande

Growth Investments

data-drivenpublic marketspost-IPO research

Dhagash Shah

Growth Investments

data-drivenpublic marketsresearch

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Fund Overview

Fund Size$175M

Saves1

Website

Key People

Karthik BPartner

Vikram GawandeGrowth Investments

Dhagash ShahGrowth Investments