Blume Ventures logs initial close of fifth fund at $175 million
Early-stage venture capital firm Blume Ventures has made the initial close of its latest investment vehicle at $175 million, cofounder and partner Karthik Reddy told ET.
The Bengaluru-based VC firm has backed companies such as Purplle, Unacademy, Spinny and Cashify. Its new fund, which is targeting a corpus of $250-275 million, will announce its final close by early next year.
