The Bengaluru-based firm has made over 45 investments in a variety of industries, including fintech, SaaS, edtech, health care, and logistics. MyGate, Niyo, Sunstone Eduversity, Wheelseye, Quizizz, and Poshn are among some of its portfolio companies.
Purplle, GreyOrange, Exotel, IDfy, Carbon Clean, TaxiForSure, Turtlemint, Cashify, IntrCity, Zopper, WebEngage, Unacademy, Slice, Spinny, Servify, smallcase, LambdaTest, Ultrahuman, Classplus, and Battery Smart are just a few of the significant companies in which Blume has invested.
Selected startups come from diverse regions and focus on various space segments such as spacecraft propulsion, orbital and launch vehicles, satellite imagery, geospatial applications, weather analysis, space tourism, among others.
Amperehour Solar, Cropin, Entri HealthPlix, International Battery Company, Niramai, NxtWave, Pixxel, Sarvam AI, and String Bio are the Indian startups that made the selection.
Startups in the fields of EVs, hydrogen production and storage, and solar energy technology are growing in India. The two areas that have received the most financing over the past five years are carbon capture (USD 42 million) and offset and solar energy technology (USD 161 million).
Founded in 2015 by Aditya Sanghavi, the Mumbai-based startup claims to retail in over 5,000 stores across the country through distributors and works with a few supermarket chains.
Between April 2023 and April 2024, startups in the IT services sector observed a consistent rise in employment, going from 20 percent to 23 percent. However, recruiting for startups in the media & entertainment, Internet, and BFSI/Fintech sectors slightly decreased.
With support from some of the biggest names in Indian business, including Ratan Tata and Nandan Nilekani, Avanti Finance was founded in 2018 with the goal to provide timely, reasonably priced financial services to the next 100 million underserved or underprivileged households.
Whether it be green hydrogen, EVs, solar energy, batteries, or renewable energy, India is becoming a major market for climate-change projects. Sovereign funds and long-term investors are eager to contribute significant sums to initiatives addressing climate concerns.
This status allows for more efficient export-import processes, quicker cargo release periods, 50% lower bank guarantees than non-AEO firms, and quicker processing of customs, central excise, and service tax cases.
India's financing for environmental technologies increased significantly between 2018 and 2022, from USD 0.23 billion to USD 2.47 billion, according to a Tracxn analysis.
Founded in 2020, the Bengaluru-based startup claims just not to be an insurtech and fintech company; it has grown to become a comprehensive employee benefits partner.
In the past 10 years, co-investments have increased 4-5 times. The VCs and LPs have discovered that they are highly skilled at co-investing and producing returns.