Blume Ventures

Here it is, folks, just as we promised. The full declassification of Fund I, with no redactions. We're talking about what it took to build Blume’s inaugural fund, how we constructed the portfolio, attracted the best founders, how the fund has performed, and stories of our successes. We proudly present to you the ‘Omega Files.’ *Fund I performance* In the realm of venture capital, performance speaks louder than words! So let's start with performance. We raised INR 100Cr (USD 20M) in 2010 as our inaugural fund, which was soon followed by Fund IA of INR 24.5Cr (USD 4.1M). As we fully exit these funds now, Fund I + IA has already realized ~5x of the invested capital, and we project it to close at ~6x returns by 2024. Here's to dispeling the myths about the vitality of ‘exits’ in the Indian startup ecosystem and establishing a new paradigm for success. (See the first image) *What winning looks like* When we started out, it was believed that the sure-shot path for a startup's success was a nod from the Series A big leagues. After having spent more than a decade in the trenches with our founders, we realize that a successful company is built against all odds, including not being blessed by a star growth-stage fund. Over 70% of our top portfolio companies in Fund I have soared without the early Series A spotlight from the large growth stage Indian funds. (Second image) *Pareto within Pareto* Ever heard of the Pareto Principle? But what about a Pareto within Pareto? Let us explain. We made 78 investments through Fund I + IA. Of these the top 20% or 17 of our portcos generated almost the entire gross total returns. Even within this group, just 3 companies returned nearly 3x of the fund size. Makes you think about the Power Law, doesn't it? (Third image) *Who were our LPs* Creating a fund from scratch in 2010 as first-time fund managers, meant many, many meetings. Almost half of Fund I came through our network and referrals, a testament to our OG team being immersed in the startup ecosystem even before Blume. Note to new/emerging Indian GPs: It is not just about the dollars. Make your presence felt in the ecosystem and invest in building relationships. (Fourth image) Here's the link to check out the full report. Let us know what you think. Link: https://lnkd.in/deqbChqJ Karthik B. Reddy Sanjay Nath Arpit Agarwal Sajith Pai Ashish Fafadia Kunal Bajaj Sarita Raichura Adithya Santhosh Vikram Gawande Ria Shroff Desai Rohit Kaul Gautham Sivaramakrishnan

Saurav Kumar, CEO of Euler Motors, in a conversation with CNBC-TV18, talks about the importance of consistent and long-term subsidies like the FAME scheme for the electric vehicle sector. He emphasizes that stable policies, even with smaller subsidies, are crucial for boosting adoption rates across all vehicle segments. He also highlights the need for continued support through initiatives like the Production Linked Incentive (PLI) scheme and underscores the EV sector's demand for comprehensive support in Budget 2024 to drive growth and innovation. Watch the full interview here: https://lnkd.in/gNGwq5m3

I read a fantastic report on India's startup ecosystem by Blume Ventures. Here's a snapshot of the Indian consumer stack as they see it. The data speaks for itself. Startup founders and investors can clearly see where to focus their efforts. However, this report also raises a question: When we discuss issues like low tax rates, government subsidies, reservations (affirmative action), and inequality, who are we really complaining to? I highly recommend this report to anyone with an opinion on India's growth and development. Together, we can undoubtedly achieve progress. Link to the post: https://lnkd.in/gMGABDJE #India #VC #Outlook #growth #investment #startup Karthik B. Reddy Ashish Fafadia Anurag Pagaria Sajith Pai Nachammai Savithiri R

A call for BITSian founders in Bangalore! 📢 Blume Ventures and All In Capital are excited to invite you to a Pre-BITSians Day celebration: 'BITSians Building from Bangalore!' exclusively for the BITSian Entrepreneur Community. Join us for insightful panel discussions, an opportunity to connect with industry leaders, and a fun night of networking over drinks and dinner on 31st July. We’ve designed this event to bring together founders and industry stalwarts from the BITSian ecosystem for an evening of insightful discussions, networking, and collaboration. Register at this link for your exclusive invite👇🏼 https://lu.ma/5rg0i8bf Ishan Bansal Abhijit Kane Awais Ahmed Ananya Singhal Hari Menon Kushal Bhagia Sanjay Nath Karthik B. Reddy Shrey Shah Sarita Raichura

The future belongs to those who dare to dream. 🚀 💍 Ultrahuman, a Blume Fund III company, is featured in The Generalist’s Future 50, a listing of the world’s highest potential startups valued under $200 million. The Generalist is one of the leading global media newsletter firms in the startup/tech space, and the Future 50 has startups headquartered in 18 cities worldwide. Bengaluru-based Ultrahuman recently announced its intention to build its first American facility to power the manufacturing of more than 200,000 smart rings per year and $100 million in new revenue. Why did Ultrahuman make the cut? According to Mario Gabriele, founder of The Generalist, it was because of Ultrahuman’s connected ecosystem, focus on preventative care, scale, and its potential to become a truly global consumer tech brand from India. Read more about it in The Generalist's profile of Ultrahuman here. 👇🏼 Mohit Kumar Vatsal Singhal Karthik B. Reddy Sajith Pai Ashish Fafadia Arpit Agarwal Sanjay Nath

🚨🚨 We're hiring for roles across product, design, sales and marketing- 1. Product Marketing Manager 2. Sr / Product Designer 3. Sr. Associate - Performance Marketing 4. Account Executives for US and India 5. Business Development Reps You can drop us an email to apply. (email is in the comments) Do tag / refer someone you might know. #hiring #jobs #talent

Did you see a little new birdie in your WebEngage dashboard this morning? Say hello to RCS in WebEngage! RCS adoption has been on the rise. For the last few months, we were enabling RCS campaigns via backend APIs for a select few customers. I am stoked to share that as of today, we are making RCS available to all our customers via the dashboard as a brand new channel of engagement. Needless to say - you get to make use of this channel along with the rest of our legendary toolkits on segmentation, orchestration and campaign test/control, like all the other channels you have been using. So, you got your RoI and effectiveness measurement from day one on this channel. Here's all you need to know on how to get started with RCS in WebEngage - https://lnkd.in/dFSpXhNC In 6 months from now, we are going to publish a report on how this channel is turning out to be and how it compares with the rest. Stay tuned. If you need any help trying out this new channel, please reach out to your AM/CSM or Ankur (for customers in India) / Robert (for customers in the Middle East & Africas). Your feedback will help us improve this further. Please keep em coming 🙏

Ultrahuman features on MKBHD Inc. video! He's the biggest tech/consumer electronic content creator in the world. Friday coming in HOT 🔥

Gramophone Co-Founder & CEO, Tauseef Khan, represented Gramophone as a panelist at "Agriculture of the Future: An Innovation Blueprint for India's Farms" by Blume Ventures! It was an inspiring event where industry leaders, investors, and experts discussed the transformative potential of agritech in India. Explore the insightful Agritech Blueprint and join us in shaping the future of farming. #Agritech #Innovation #FutureOfFarming #Gramophone #BlumeVentures