Blume Ventures Fund IV
IRR (Gross)
22.3%
Fund Type
Venture Capital Fund
Fund Target Size
₹1,500 Cr
Fund Tenure
10 Years (3Y investment + 7Y harvest)
Min. Commitment
₹1 Crore
Fund Structure
Close-Ended Contributory Trust
About the Fund
Blume Ventures Fund IV is the fourth generation of India's leading seed and early-stage venture capital franchise, targeting ₹1,500 Crore in total commitments. The fund focuses on deep tech, climate tech, and B2B SaaS — sectors where India's engineering talent base and domestic market scale are creating globally competitive businesses. As of December 2025, the fund has made 14 initial investments with two at unicorn-scale potential.
Fund IV builds on three prior funds with a combined portfolio of 150+ startups including three unicorns (Unacademy, Dunzo, Slice) and multiple soonicorns. The thesis-driven approach — developing sector investment hypotheses before sourcing — creates proprietary access to the best founding teams before they enter competitive processes. The fund also maintains an evergreen sidecar for follow-on investments in breakout portfolio companies.
Fund Manager Details
Sanjay Nath & Karthik Reddy
Managing Partners, Blume Ventures
Combined 45+ years in venture capital and technology entrepreneurship; IIT Delhi / Carnegie Mellon / Wharton and IIT Madras / INSEAD pedigrees
Sanjay Nath and Karthik Reddy co-founded Blume in 2011 after careers in tech entrepreneurship and venture investing in Silicon Valley and India. They lead a team of 12 investment professionals across deep tech, SaaS, climate, and consumer sectors. Both are widely regarded as defining practitioners of India's seed-stage VC ecosystem.
Fund Details
SEBI AIF Registration
IN/AIF1/12-13/0017
Fund Category
Category I AIF – Venture Capital Fund
Regulation
SEBI (AIF) Regulations 2012, Reg 3(4)(a)
Investment Period
3 years from first close
Extension Option
1 year (with 2/3 LP consent)
Management Fee
2.0% p.a. on committed capital (investment period); 2.0% on invested cost (harvest)
Hurdle Rate
8% p.a. (simple)
Carried Interest
20% above hurdle
Fund Administrator
KFIN Technologies Limited
Trustee
Beacon Trusteeship Services
Tax Treatment
Pass-through under Sec 115UB — investor taxed as if directly invested
Interested in this fund?
Speak with our institutional advisory team for eligibility, documentation, and onboarding.