Blume Ventures Opportunities Fund Iia

Backing Transformational Companies and Their Revolutionary Founders

Managed by Blume Ventures

IN/AIF1/18-19/0558Cat I

SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.

Overview

About

Blume Ventures Opportunities Fund Iia 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.

Investment Philosophy

Blume backs founders who are obsessed with solving hard, uniquely Indian problems that trigger fundamental changes in consumer behaviour and impact large markets. Blume is almost always the first institutional investor — bridging the gap between angel networks and larger global VCs with institutional rigour and angel speed. The firm favours ventures with a strong tech spine, B2B businesses, and capital-light models. It evaluates startups across three dimensions: Opportunity (40%), Team (40%), and Investability or probability of the next round (20%). Beyond capital, Blume's platform delivers hiring support, growth capital access, market development, operational best practices, and community — through services partners Aritra Partners (formerly Constellation Blu) and Passion Connect. Blume stays invested for 8–10 years and supports even less successful ventures well beyond conventional VC norms.

Team— 6

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).

Registration

SEBI Registration

SEBI-registered

Reg. NumberIN/AIF1/18-19/0558

VintageJun 2018 · 8 yrs old

Valid ToPerpetual

Contact PersonVenkatesh Prabhu

AddressCat 412, Navjivan Building No. 3, Lamington Road, Navjivan Commercial Premises Co-op Society, Mumbai 400008, Mumbai, Maharashtra, 400008

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