Bambrew, a cleantech startup operating in the sustainable packaging space, said it has raised Rs 60 crore (about $7 million) in Series A funding round led by Blume Ventures, according to ETtech report. The funding was a mix of equity and debt. The equity element totalled to about Rs 30 crore, a company spokesperson told…
SuperK, which runs retail supermarkets in tier 3 towns and beyond, has raised $6 million (Rs 50 crore) in a funding round led by Blume Ventures, according to ETtech report. Investors like Silver Needle Ventures, Veltis Capital and Atrium Angels, among others, participated in the round. The firm did not disclose the valuation at which…
DPDzero announced it has raised $3.25 million in a seed funding round led by Blume Ventures and IndiaQuotient, according to ETtech report. The round also saw participation from banking and fintech leaders such as Sunil Gulati and Nikhil Kumar, the company said in a statement. DPDzero plans to use the funds primarily to “enhance product…
Former Flipkart executive Ranjith Boyanapalli’s startup Flash, which aims to build unified digital identities for frequent shoppers—also called power shoppers—said that it has raised $6.7 million in a funding round led by Blume Ventures and existing investor PeerCapital, according to ETtech report. Other existing investors, including White Venture Capital and Emphasis Ventures, also participated in…
Freakins, a home-grown denim fashion brand for Gen Z women, announced that it has raised $4M in a seed round, led by Matrix Partners India and Blume Ventures. The D2C brand will employ the funds to expand its omnichannel presence, strengthen operations and amplify salience amongst its consumers, a statement said. The company also raised…
ZapScale, a Customer Success Platform designed for B2B SaaS companies, announced that it has successfully raised $2.5 million in seed funding from leading venture capital firms, including Blume Ventures, Veda VC, Java Capital, 100xEntreprenuers, T2D3 Capital, Arka Venture Labs, and other prominent investors. “We are immensely grateful for the trust and confidence shown by our investors,” said Manasij…
Electric vehicle (EV) charging startup ElectricPe has raised $5 million, led by Green Frontier Capital, Blume Ventures, and Micelio Fund, according to ETtech report. Dubai-based NB Ventures, Anchorage Capital Partners, Supermorpheus, and Climate Angels also participated in the funding round. “The funding will be used to improve our technology and also expand to cities outside…
Solar financing platform Aerem has raised $2.5 million in funding led by Blume Ventures. The capital will be used for growing the loan book, building the tech platform to enable end-to-end digital and seamless interaction with various stakeholders, and hiring teams, including leadership in technology, product, finance, and operations. “Aerem’s aim is to democratise the…
BHIVE.fund, an alternative investments wealthtech platform, has raised strategic investments from Gruhas Proptech, Blume Ventures, and other marquee investors. Gruhas was Co-founded by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana and is India’s largest proptech-focussed entity. Blume Ventures, a leading VC firm in the country today, counts multiple unicorns in its portfolio. “Nikhil and…
ElectricPe, India’s EV charging platform, has announced that it raised a seed round of $3 million. Led by Blume Ventures and Micelio Fund, the company will utilize the capital to further develop its platform to enable easy access to affordable charging points via the ElectricPe App. Investments from other notable angel investors included Anshuman Bapna…
Sourcewiz has announced that it has raised $3M in the seed funding round led by Blume Ventures and Alpha Wave Incubation (AWI). Angel investors including Former CEO of Arvind Limited – Ravi Bhargava, Wayfair’s GM Rakshita Agrawal, and other angel investors also participated in the funding round. Speaking on the appoinment, Divyaanshu Makkar, Co-Founder and…
Rocketium, an AI-powered creative management platform, has announced that it has raised $3.2 million in its Series A funding round. Emergent Ventures, LetsVenture, Blume Ventures and 1Crowd participated in the latest funding round. The company said that the funds raised will used for expansion in the US as well as for developing a world-class product.…
Payments and credit start-up Slice has announced that it has raised $20 million in equity funding round from existing investors Blume Ventures and Gunosy. Founded in 2016, slice is building financial products and services to meet the financial needs of gen z and millennials across the country. Founder & CEO – Rajan Bajaj said, “The…
Online space for beauty and wellness needs, Purplle.com (Purplle) has raised $45 million in the funding round, led by Sequoia Capital India. The company was founded by Manish Taneja and Rahul Dash in 2012. The round also saw participation from existing investors Verlinvest, Blume Ventures, and JSW Ventures “It also saw Ivy Cap Ventures, an early…
Blume Ventures, Venture capital fund, has secured Rs 350 crore in secondary fund with Avendus Capital. The venture firm said, “This vehicle will invest in the fund’s large portfolio companies and continue to support them for a longer period.” The firm added, “Blume Ventures Fund 1X will allow interested new investors, existing Blume Fund 1…