That a grim market scenario has venture capital firms locking up their purses in 2016 is a fact unmatched. But venture capital firms have turned their eye towards a global solution to return capital to their investors and deliver the best possible return they can, in times of distress. As many VC…
Tag: Blume Ventures
Venture Capitals: The backbone of SMEs & Start-ups
If you are thinking to start a business or you are a successful businessman and want to take your business to a next level, your first priority should be tapping the venture capital funding. India has seen a great success in the startup ecosystem and ‘investors’ play a very crucial role in bringi…
Unocoin Technologies raises $1.5 million funds
Unocoin Technologies Pvt. Ltd raised $1.5 million in pre-Series A round of funding led by Blume Ventures, the company said. Mumbai Angels and ah! Ventures along international investors—Digital Currency Group, Boost VC, Bank to the Future and FundersClub also participated in the round. The company…
India ranks 3rd in tech start-up exits
A couple of years ago, there were worries that India wasn’t seeing too many exits of startups through mergers & acquisitions (M&As) or IPOs. But in the first six months of 2016, India saw the third highest tech startup exits, according to US startup database CB Insights. The US led …
Hardware start-ups gaining traction, say experts
There hasn’t been many hardware start-ups launched in India because of lack of funding, proper ecosystem and mentorship, experts said. The scenario is, however, gradually changing with companies such as Grey Orange Robotics being able to raise funds. The company provides automated on-demand robot…
Flipkart, Paytm fund $1 mn to Unacademy
Online learning platform Unacademy has raised $1 million in funding led by Blume Ventures, while entrepreneurs such as Flipkart Co-Founders Sachin and Binny Bansal, Paytm’s Vijay Shekhar Sharma and Freecharge’s Kunal Shah also participated in the round. This is the second round of institutional f…
Virat kohli starts new venture Stepathlon to tackle fitness issues affecting kids
Fitness is the next rising industry in the startup space, given the amount of investor interest they are seeing both from celebrity cricketers and well-known entrepreneurs. Cricketer Virat Kohli on June 28 kicked off a new fitness venture in a joint venture with Stepathlon Lifestyle. The venture,…
Greytip raises Rs 35 crore from NEA & Blume Ventures
Greytip Software, a cloudbased HR and payroll processing company, has raised Rs 35 crore in a Series-B funding round from New Enterprise Associates (NEA) and Blume Ventures. Following this, Tarun Sharma, Managing Director — India, NEA and Karthik Reddy, managing partner, Blume Ventures, will join…
East Asia eyes Indian market to counter China slow down
It took Takahiro Suzuki multiple trips to India over a period of two years to be understand the nuances of the startup ecosystem in India. The head of CyberAgent Ventures (CA Ventures), Jakarta office is among the multiple legacy early-stage funds from east Asia which are testing the Indian marke…
Blume Ventures and other angel investors put Rs 6.6 crore in BHIVE Technologies
Early-stage investment firm Blume Ventures and other angel investors have invested about Rs 6.6 crore ($1 million) in co-working space BHIVE Technologies , which plans to grow its presence in Bengaluru and expand to Mumbai and Delhi. “Part of the money will be utilised to attract top talent…