Blume Ventures closes its second fund at ₹401 crore
Seed-stage venture capital firm Blume Ventures has closed its second fund at $60 million (approximately ₹401 crore). One-third of the total money raised has come from domestic investors including IIFL Wealth Management, government's India Aspiration Fund, and SIDBI. Blume Ventures had reportedly closed its first fund in December 2015 at over $30 million (approximately ₹200.5 crore).