Blume Ventures closes its second early-stage fund at $60 million

Blume Ventures, a VC firm which invests in early-stage startups, has announced the close of its second fund at $60 million. The firm had earlier planned to raise around $40 million, but increased the fund size later.

Karthik Reddy, Managing Partner of Blume Ventures has said that they have raised $60 million. He further added that while the round is technically closed, paperwork is still remaining.

For this second fund, the firm has raised funding from some domestic family offices and...

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