The deal share of non-metro startups increased to 2.8 percent in 2022 from 1.6 percent in 2019, according to Blume Ventures’ Indus Valley Annual Report 2023.
Virohan will use the funds to expand to more than 200 new campuses across India and is aiming to train over 7,000 students
Mumbai Angels, Tarmac Ventures, Tailwind Ventures, Longtail Ventures, Lets Ventures and AngelList also participated in the funding round.
Through Blume Fund IV, it will invest in 30-35 companies across different technology verticals, the VC firm has said
Both B Capital and Accel Partners raised new funds of around $250 million and $650 million respectively earlier this year
In an exclusive interview to Moneycontrol, founder and CEO Saurav Kumar says funds generated will primarily be deployed towards setting up a plant in Faridabad, augmenting charging infrastructure and expanding supply chain
LeverageEdu is looking to double down on foreign remittances, a segment which it claims to be underpenetrated as its peers are vertically aligned on student lending.
Battery Smart has closed its series A round of USD 25 million. The funding round was led by Tiger Global, along with participation from Blume Ventures and Orios Ventures, it said in a statement.
Battery Smart's fundraise comes a month after NITI Aayog published a draft policy for battery swapping, suggesting that swapping infrastructure and EV financing would continue to get government attention
Zipy helps software teams proactively identify, prioritise and debug critical customer issues in real time
Liquidity of the investment is an important advantage of going public. But startups should only do an IPO when they are absolutely ready - ready for scrutiny and ready with a new playbook that includes hiring the right board and setting up communication channels with stakeholders.
"Blume Ventures completed the final close of its opportunity fund, titled Fund IIA, in December 2019. The final close was at USD 41 million, raised from both domestic and international investors," a statement said.
The company competes with a plethora of startups in the Indian wedding services sector including Wedmegood, Shaadisaga, BandBaja, Shaadimagic.com and BharatMatrimony
In an interaction with Moneycontrol, Sanjay Nath, co-founder and managing director, Blume Ventures talked about the strategy for the next fund, Blume's new accelerator project and why the company has no plans to focus on growth stage funding
Limited Partners are pension funds, insurance companies, university endowments, family foundations and even corporates with multi-billion dollar funds available for deployment.
Fund raising activity in the PE and VC space witnessed a decline of 6 percent in 2016. PEs and VCs raised closed to USD 24.1 billion in 2016 as compared to USD 25.7 billion in 2015.
RailYatri.in, the train traveling consumer app start-up, has raised fresh funding with participation from all its existing investors - Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures.
In India a dearth of mega-rounds pushed funding below USD 600 million in Q2CY16, but Q3CY16 saw the total rise above USD 1 billion once more. However, this is still well below the USD 3.4 billion figure of Q3CY15.
Unacademy allows educators to create courses using their app on various subjects, including exclusive content for various competitive exams. Over 100 educators have created more than 200 courses in the last eight months using Unacademy's platform.
Roundup: Greytip Software, a provider of HR and payroll solutions, on June 16 said it has raised funding of Rs 35 crore, led by New Enterprise Associates (NEA) and Blume Ventures
The company has raised USD 27 million to fund its expansion from Tiger Global, Blume Ventures and Nirvana Ventures Advisors.
BHIVE Workspace, a city based startup in shared office space today said it has raised about USD 1 million in funding led by Blume Ventures.
India leading mobile health and fitness startup HealthifyMe, today, announced Series A funding of US$6 million led by IDG Ventures India, Inventus Capital and Blume Ventures.
CNBC-TV18 caught up with some of the most successful start-up entrepreneurs‘ and investors on the sidelines of the Surge Summit in Bangaluru to find out what they wanted from the Budget.