Another significant milestone in Blume Ventures’ expansion has been reached with the first close of its most recent flagship vehicle, Fund V, at $175 million.  The venture capital firm projects that the final closing will be between $250 and $275 million by early 2026.

A variety of current and potential investors, including corporations, family offices, international organizations, and institutional investors, have committed to the fund.

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In December 2022, Blume’s former fund, Fund IV, ended with more than $250 million.  Fund V will keep supporting Indian entrepreneurs in the health-tech, consumer, fintech, and deeptech sectors while adhering to its early-stage investing strategy.  Initial investments in businesses like Mave Health, Confido, Lucira, Ozi, PowerUp Money, and iDO have already been made by the fund.

With large dividends to Limited Partners from early fund vintages, the company reported higher departure activity in 2025.  This year, Blume anticipates exceeding an overall DPI of $80 million across all of its funds.  As the first portfolio firm to submit its draft prospectus to regulators, Turtlemint’s IPO pipeline is also gaining momentum.

Blume Ventures supports technology-driven entrepreneurs aiming for global expansion and Indian markets by investing mostly in seed and pre-Series A rounds.  Mobility, consumer technology, space, and financial services are all included in the company’s portfolio.

At the moment, Blume oversees assets totaling more than $800 million in five main funds and associated vehicles.  Battery Smart, Cashify, Classplus, Pixxel, Purplle, Servify, Slice, Spinny, Turtlemint, and Ultrahuman are some of its well-known portfolio firms.

In order to further its goal of fostering India’s upcoming generation of revolutionary entrepreneurs, Blume plans to expand its early-stage investments and improve its founder support initiatives with Fund V.