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Informative

Blume Ventures Marks First Close Of Fund V At US$17.5 Mn

Update / Judgement Date

29 Oct 2025

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Start-Up & DPIIT

Venture capital firm Blume Ventures has announced the first close of its Fund V at US$17.5 million (approx. INR 145–150 crore). The fund is aimed at early-stage Indian startups in sectors such as SaaS, deep tech, consumer internet and climate tech. The move underscores VCs’ continued appetite for early bets despite macro uncertainty and reaffirms India’s growth potential as a startup ecosystem.