Blume’s fourth fund raises $105 million

Mumbai: Blume Ventures, an early-stage venture capital firm, has made the first close of $105 million of its fourth India-dedicated fund, aiming to shore up the targeted $200 million—its biggest so far.

The investor, which has backed edtech firm Unacademy, used car selling platform Spinny, and beauty etailer Purplle, typically comes in during the pre-seed to pre-Series A funding rounds of technology companies and has built a large portfolio over the past decade.