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India’s Blume Ventures raises $105 million in the first close of its fourth fund – TechCrunch

Blume Ventures said on Wednesday it has raised $105 million in the first close of its fourth fund, less than two years after finalizing its previous fund, as investment activity intensifies in the world’s second largest internet market. Over the years, Blume Ventures has become one of the most respected venture firms in the country. But Blume Ventures appears to follow the more conservative approach. With the firm’s $102 million third fund, Blume Ventures backed a number of firms in edtech and deep-tech SaaS spaces, he said. It took us much longer in previous funds.”With the new fund, the largest for Blume Ventures, the firm expects to participate for longer in the lifecycle of its portfolio startups.

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