Blume Ventures
In short: Blume Ventures is an Indian venture capital firm founded in 2010 by Karthik Reddy and Sanjay Nath and based in Mumbai. It has raised several funds, the latest reported being a $250 million Fund IV. DII reported Blume as an investor, alongside Peak XV Partners and Shine Capital, in the $10.5 million seed round for the social matching app Rivet in September 2026.
Key facts
| Type | Investor |
|---|---|
| Headquarters | Mumbai, India |
| Founded | 2010 |
| Website | blume.vc |
| Founded | Founded in 2010 by Karthik Reddy and Sanjay Nath [Business Today, 2010] |
| Headquarters | Headquartered in Mumbai, India [Business Today, June 2023] |
| Funding | Fund IV closed at $250 million, oversubscribed against a $200 million target; earlier funds were $20 million (Fund I), $60 million (Fund II) and $102 million (Fund III) [Business Today, June 2023] |
| Fact | Participated in Rivet's $10.5 million seed round alongside Peak XV Partners and Shine Capital [Dating Industry Insights, September 2026] |
About Blume Ventures
Blume Ventures is a venture capital firm based in Mumbai, India. It was founded in 2010 by Karthik Reddy and Sanjay Nath.
According to Business Today in June 2023, the firm's funds have grown over time. Fund I was $20 million, Fund II $60 million and Fund III $102 million, and Fund IV closed at $250 million, oversubscribed against a $200 million target. The same report said a separate opportunity fund, Fund 1Y, had reached a first close of Rs 200 crore against a Rs 400 crore target.
In the dating industry, DII reported in September 2026 that Blume Ventures was among the investors in the $10.5 million seed round for Rivet, a US social matching app founded by a former head of Tinder India. The other investors named were Peak XV Partners and Shine Capital.
Dating industry investments
- Rivet, Funding, 2026-09
Also mentioned in
Questions about Blume Ventures
Who founded Blume Ventures?
Blume Ventures was founded in 2010 by Karthik Reddy and Sanjay Nath.
Where is Blume Ventures based?
It is based in Mumbai, India.
Has Blume Ventures invested in dating companies?
DII reported in September 2026 that Blume took part in the $10.5 million seed round for the social matching app Rivet.
What does Blume Ventures do?
Blume Ventures is an Indian venture capital firm founded in 2010 by Karthik Reddy and Sanjay Nath and based in Mumbai. It has raised several funds, the latest reported being a $250 million Fund IV.
When was Blume Ventures founded?
Blume Ventures was founded in 2010.