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Built in India, for India and the World
Managed by Blume Ventures
SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.
Blu Network Advantage Fund (IN/AIF1/22-23/1149) is a SEBI-registered Category I Alternative Investment Fund registered in October 2022, managed by 3F Ventures Investment Manager LLP — the AIF management entity of Blume Ventures, one of India's largest homegrown early-stage venture capital firms. Blume Ventures was co-founded in 2011 by Karthik Reddy and Sanjay Nath and has raised over USD 550 million across four funds, backing 200+ startups including Purplle, Unacademy, Slice, Exotel, Grey Orange, Turtlemint, Carbon Clean, Spinny, and Cashify. The Blu Network Advantage Fund operates as a co-investment or network fund vehicle within the Blume ecosystem, managed through the Constellation Blu infrastructure (Constellation Blu Management Consultants LLP and 3F Ventures Investment Manager LLP), both based at Byculla East, Mumbai. The designated partners of the manager LLP include Blume's five investment partners: Karthik Reddy, Sanjay Nath, Ashish Fafadia, Sajith Pai, and Arpit Agarwal.
Sarita Raichura
SEBI Contact Person / Bengaluru Office
Thimmappa Nanditale Sadashiva is a designated partner of Constellation Blu Management Consultants LLP (the operational entity at the Byculla address). The SEBI registration email sadashiva@constellationblu.com is registered in his name.
Karthik Reddy
Co-founder & Managing Partner, Blume Ventures
Karthik Reddy co-founded Blume Ventures in 2010 with Sanjay Nath after meeting through Mumbai Angels. He leads consumer internet, gaming, media, and defenseTech investments and oversees Blume's overall fund strategy and platform. He is a designated partner of 3F Ventures Investment Manager LLP.
Sanjay Nath
Co-founder & Managing Partner, Blume Ventures
Sanjay Nath co-founded Blume Ventures with Karthik Reddy in 2011. He leads the cross-border SaaS and enterprise software investment thesis at Blume and is a designated partner of 3F Ventures Investment Manager LLP.
Ashish Fafadia
Partner, Blume Ventures
Ashish Fafadia leads fintech and agri investments at Blume Ventures and heads fundraising activities. He is a designated partner of 3F Ventures Investment Manager LLP and has supported portfolio companies including Slice, Purplle, Turtlemint, and Jai Kisan.
Sajith Pai
Investment Partner, Blume Ventures
Sajith Pai joined Blume in 2018 after nearly two decades at The Times Group and was elevated to Investment Partner in March 2023. He leads consumer internet, SMBs, marketplaces, and edtech investments at Blume and is a designated partner of 3F Ventures Investment Manager LLP.
Arpit Agarwal
Investment Partner, Blume Ventures
Arpit Agarwal joined Blume in 2014 and was elevated to Investment Partner in March 2023. He leads emerging tech, EVs, climate, and deep tech investments and is a designated partner of 3F Ventures Investment Manager LLP. He is known for his widely-read EV Primer (2022).
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