Blume Ventures closes its largest-ever fund at $250 Mn
Early-stage venture fund Blume Ventures has announced the final closure of its $250 Mn fund (Fund IV). The fund has a corpus of $200 Mn and has been oversubscribed by $50 Mn. The fund has been backed by Indian and global family offices, sovereign wealth funds and Fund of Funds. It will be managed by a team of more than 15 people and has backed around 35 startups working across diverse tech-enabled sectors.