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Backing Transformational Companies and Their Revolutionary Founders
Managed by Blume Ventures
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Blume Ventures India Trust V is a SEBI-registered Category II Alternative Investment Fund registered in July 2025 — the newest fund in Blume Ventures' fund stack, managed by 3F Ventures Investment Manager LLP. Blume Ventures is one of India's leading homegrown early-stage venture capital firms, co-founded in 2010 by Karthik Reddy and Sanjay Nath with a mission to reimagine startup financing for India. Over 15 years and across six prior funds, Blume has backed 150+ startups including unicorns Unacademy, Slice, Purplle, Spinny, and Grey Orange. The fund's name 'Blume Ventures Fund I' reflects a renaming convention for Blume's newest fund generation, headquartered at Jetha Compound, Byculla East, Mumbai.
Mitul Mehta
Head of Finance, Legal, Compliance & Operations
Mitul Mehta is the Head of Finance at Blume Ventures, overseeing finance, legal, compliance, and fund operations. A Chartered Accountant and commerce graduate, he has spent his entire career at Blume — navigating fund cycles from inception to exits. He was a founding partner of Constellation Blu (now Aritra Partners), Blume's platform and advisory services arm, from 2013 to 2022. He is the SEBI-registered contact person for the newest Blume funds.
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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