Synopsis
This vehicle will invest in the fund’s winner portfolio companies and continue to support them for a longer period, the investment firm said.
ETtech
Illustration: Rahul Awasthi
Venture capital fund Blume Ventures has raised Rs 350 crore for a new secondary fund which it has launched with Avendus Capital. This vehicle will invest in the fund’s large portfolio companies and continue to support them for a longer period, the venture firm said.
Blume Ventures Fund 1X, “will allow interested new investors, existing Blume Fund 1 and allied entities’ backers to hold the top performers in Fund 1 for an additional period of four to five years,” Blume said in a release.