Blume Ventures sees five-fold gain from first fund

Homegrown early-stage venture capital firm Blume Ventures said it has achieved returns of more than five times of the invested capital from its first fund, including an extension fund. Through the Fund-I and Fund-IA (the extension fund), the firm invested a total of Rs 114 crore between 2010 and 2015.

As much as 98% of the returns were generated from 17 companies or a fifth of the portfolio of the first fund.