India’s Blume Ventures makes first close of Fund II at US$30M

The early-stage VC fund plans to make 35-45 investments over the course of the fund’s investment cycle

Blume Ventures, a leading early-stage technology VC fund in India, has announced the first close of its second fund (Fund II) at over US$30 million.

Mumbai-based Blume, which targets a corpus of US$60 million, expects to make the second and final close in Q1 of 2016.

ICONIQ Capital, a global multi-family office and merchant bank for a group of influential families. led the round. Other...

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