Please note: we promise to read every pitch form. However, we do not promise to reply to every application! Given the number of proposals that we receive, replying to all will be extremely tough.
*Eligibility*Blume typically invests Rs 3 - 7 crs for ~20% stake in the venture. We DO NOT do angel or seed funding, i.e., where the quantum is say Rs 1 - 3 crs. We also DO NOT co-participate in a large round of Rs 20 - 30 crs where the stake we get will be less than 15%.
We like to invest in companies that have had some degree of customer validation - product in market, at least 1 customer etc.
We prefer ventures with a strong tech spine. Pure brand plays and Blume have never gone well together :)
We also prefer to be the 1st institutional investor in the company (other than accelerators / incubators).