Blume Ventures Marks First Close Of Fund V At $175 Mn

The firm’s cofounder and managing partner Karthik Reddy said that the capital was raised largely from institutional investors

Blue Ventures is looking to back 30-35 startups, primarily from consumer, fintech, healthtech, and deeptech sectors, via the fifth fund

So far, Blume Ventures has backed OZi, iDO, Lucira, Mave Health and Confido, and PowerUp Money from Fund V

VC firm Blume Ventures has announced the first close of its Fund V at $175 Mn (about INR 1,545 Cr). The…