Homegrown venture fund Blume Ventures, which focuses on early-stage technology-led startups, on Wednesday announced it has closed its Fund IV at over $250 million, bringing the firms asset under management (AUM) to over $600 million.
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Disrupt or run the risk of being disrupted, says YourStory’s Shradha Sharma
Delivering the opening keynote at the fourth edition of Future of Work, YourStory Founder and CEO Shradha Sharma made the case for disruptive innovation in the new normal.
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Future of Work,
YourStory Founder and CEO Shradha Sharma made the case for disruptive innovation in the new normal.
She said, “Today, it s our responsibility to ensure we are constantly disrupting and making sure that disruption is happening, be it in terms of technology or at startups, or even in our own lives.
The first day of India s largest product-tech-design summit brought together the best of industry minds to understand the future of work and the impact of the product, tech, and design on businesses of today and tomorrow.
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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.