Exclusive: Blume Ventures to back a dozen startups a yr from new fund

Seed investor Blume Ventures aims to complete this year with eight fresh investments of which two has already been made even as the firm looks to close fundraise of its $60 million second fund by December. Going forward, the company will invest in a dozen new startups a year from the new fund for the next three years. It has reserved Rs 20 crore ($3 million) from the first fund of Rs 140 crore for the follow-on investments in its existing portfolio companies.

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