Blume Ventures

Here it is, folks, just as we promised. The full declassification of Fund I, with no redactions. We're talking about what it took to build Blume’s inaugural fund, how we constructed the portfolio, attracted the best founders, how the fund has performed, and stories of our successes. We proudly present to you the ‘Omega Files.’ *Fund I performance* In the realm of venture capital, performance speaks louder than words! So let's start with performance. We raised INR 100Cr (USD 20M) in 2010 as our inaugural fund, which was soon followed by Fund IA of INR 24.5Cr (USD 4.1M). As we fully exit these funds now, Fund I + IA has already realized ~5x of the invested capital, and we project it to close at ~6x returns by 2024. Here's to dispeling the myths about the vitality of ‘exits’ in the Indian startup ecosystem and establishing a new paradigm for success. (See the first image) *What winning looks like* When we started out, it was believed that the sure-shot path for a startup's success was a nod from the Series A big leagues. After having spent more than a decade in the trenches with our founders, we realize that a successful company is built against all odds, including not being blessed by a star growth-stage fund. Over 70% of our top portfolio companies in Fund I have soared without the early Series A spotlight from the large growth stage Indian funds. (Second image) *Pareto within Pareto* Ever heard of the Pareto Principle? But what about a Pareto within Pareto? Let us explain. We made 78 investments through Fund I + IA. Of these the top 20% or 17 of our portcos generated almost the entire gross total returns. Even within this group, just 3 companies returned nearly 3x of the fund size. Makes you think about the Power Law, doesn't it? (Third image) *Who were our LPs* Creating a fund from scratch in 2010 as first-time fund managers, meant many, many meetings. Almost half of Fund I came through our network and referrals, a testament to our OG team being immersed in the startup ecosystem even before Blume. Note to new/emerging Indian GPs: It is not just about the dollars. Make your presence felt in the ecosystem and invest in building relationships. (Fourth image) Here's the link to check out the full report. Let us know what you think. Link: https://lnkd.in/deqbChqJ Karthik B. Reddy Sanjay Nath Arpit Agarwal Sajith Pai Ashish Fafadia Kunal Bajaj Sarita Raichura Adithya Santhosh Vikram Gawande Ria Shroff Desai Rohit Kaul Gautham Sivaramakrishnan

Thrilled to announce our partnership with Microsoft!  We're integrating Atomicwork’s Modern Service Management Platform within Microsoft Teams to simplify and enhance the digital workplace.Our AI Assistant, Atom, will make it easier for employees to get the support they need directly within MS Teams, acting as a personal concierge. This means no more switching between multiple portals for IT, HR, or Finance service requests. With Atom, getting help is as simple as sending a message to a colleague.Check out the full details here: https://lnkd.in/ddQvbQSh

All of us have inflection points in the trajectories of our professional lives. This rings most true at my four years at Birla Institute of Technology and Science, Pilani, which helped us bolster core foundational skills, exposing us to a truly diverse body of fellow students, faculty and alums, and helped shape a global outlook on technology, business and most importantly, on life. Batchmates (hostelmates, or 'wingies' in BITS parlance) became best friends for life. I am delighted and immensely grateful to my alma mater BITS Pilani for conferring this Distinguished Alumni Award, and would also like to offer my hearty congratulations to fellow award winners, too. It is heartwarming to see this leading institute, its esteemed faculty alumni, global base of alumni, including recent graduates and current students, collectively and individually in spirit, being a cauldron of innovation in many diverse areas, including one in particular - startups, entrepreneurship and venture capital - which everyone at Blume Ventures is very passionate about. Blume has been an early believer in many market-defining startups, and I have even fortunate to know a handful of other startups founded by BITSians, including GreyOrange Exotel Locus Pixxel SuperK Lucidity Clientell Segwise and many more. Thank you BITS Pilani, Prof. V Ramgopal Rao for conferring this recognition; Prof Rangaran Govindan (Director, Indian Institute of Science (IISc), Arya Kumar, Prof Suman Kundu, BITS Pilani K K Birla Goa Campus BITSAA International BITS Pilani Alumni Relations Official Veeky Baths Karthik B. Reddy Sundi Natarajan Preetish Nijhawan Akash Gupta Samay Kohli Awais Ahmed Kshitij Khandelwal Raju Reddy Prem Jain Neeraj Menta Kushal Bhagia Shivakumar Ganesan Sudhee Chilappagari Vijay Sharma Rishabh Kaul Jayan Ramankutty Karthick Iyer Abhinav Khushraj Sandhya Prakash Anupendra Sharma Abhishek Sethi Sachin Arya Shrey Shah Gunender Kapur Arpan Sheth Akshay Chaturvedi

💫 WizCommere at the Atlanta Market! 🤝 Bedford Cottage rocked its first trade show experience with WizCommerce, and the feedback was stellar! ➡ Rich and Rob, the dynamic duo at the market, were delighted with our easy-to-use order-writing app and the advanced QR code scanning functionality of WizCommerce. As they put it, "The tool is just more intuitive and way more impressive than any other app on the market." 🌟 And can we talk about the Bedford Cottage showroom at the market? It was absolutely stunning and a perfect showcase of their offerings. 🎉 Here's to many more successful partnerships and amazing showrooms ahead. Divyaanshu Makkar, Claire L., Mike Harris, John Carmichael #WizCommerce #AtlantaMarket #TradeShowSuccess #BedfordCottage

Today is a watershed moment for data privacy in India. With the DPDP rules to be expected soon, there’s no global platform that addresses issues such as taking consent in 22 languages, taking verifiable parental consent for users below the age of 18 and managing intersections with existing sectoral regulations. We’re proud to launch Privy, our home-grown consent governance platform, that helps fiduciaries make sure they are abiding by the law, empowers Data Protection Officers to be fully compliant with the guidelines and gives the power back to the citizens of the country. Privy wouldn’t have been possible without our brilliant labs team who burned the midnight oil, and well-wishers like Supratim, who provided us with the right guidance. Here’s to a new chapter in data privacy. Proud to lead the way with Privy!

#AwaazEnterpreneur | मोदी 3.0 के पहले बजट से क्यों है स्टार्टअप जगत में दिवाली जैसे जश्न का माहौल, जानिए Awaaz Entrepreneur का Budget Decode Spl में Harshada Sawant Shashank Randev #padmajain Blume Ventures Ashish Fafadia

#AwaazEnterpreneur | बजट में मिले बूस्टर से कितने खुश हैं स्टार्टअप फाउंडर्स और निवेशक? क्या ग्रोथ की रफ्तार बढ़ाने में सफल रहेगा बजट? Harshada Sawant Shashank Randev #padmajaian Blume Ventures Ashish Fafadia

Wait! Do you ever feel like your customers might be missing out on something important? 🤔 That moment after a purchase when you think, "Do they know about this?" 😮 That's where cross-selling shines. 😌 It's not about being sales-y but enhancing their experience with valuable add-ons that complement their initial purchase and improve their overall satisfaction. 😇 Explore our latest article to learn more about cross-selling and how it can enhance your company's success and boost customer journey 👉 https://lnkd.in/gPmHT-Yr #CustomerSuccess #CrossSelling #SaaS

🎉 What a blast we had at the Atlanta Market! The WizCommerce team was in full swing, engaging with fantastic customers and intrigued prospects. The feedback has been incredible—people in the industry are resonating with our vision to revolutionize B2B commerce and finding our solutions innovative and impactful. ✨ A huge thanks to everyone who joined us and enjoyed the WizCommerce experience. We’re pumped and can’t wait to show you what’s next. ➡ Stay tuned—the next stop is the Las Vegas Market, and we’re ready to bring even more excitement! Divyaanshu Makkar, Claire L., Mike Harris, John Carmichael #WizCommerce #B2BCommerce #AtlantaMarket #LasVegasMarket