Blume Ventures discloses investment in Infollion, NowFloats, Paletly and Voxapp

Early stage VC firm Blume Ventures has recently released its quarterly investor letter in which it has announced its investment in 12 companies this year from January to July.

Though few investments were already public but according to the investor letter – Blume has also invested in 4 more companies in the previous quarter which include Infollion, NowFloats, Paletly and Voxapp.

Infollion1) Infollion

Location: Delhi/NCR

About the Company: It bring together the stakeholders of research industry i.e. the buyers and sellers of research services or products on the same platform. For buyers, it provides access to almost all kinds of information services at one platform such as expert calls, syndicated research reports, etc through a single window. Whereas for sellers of research, it acts as a platform to showcase their services and products to buyers like private equity firms, hedge funds, etc.

Co-Investors: N/A

Type of investment: Lead Investment

Wildcraft2) NowFloats

Location: Hyderabad

About the Company: It helps Small and Medium Businesses (SME) online presence by simply using SMS. The website can also be updated by sending regular SMS and this message can be delivered to the loyal customers of that business. Additionally the NowFloats algorithm ensures highest discoverability through intelligent Search Engine Optimization(SEO).

Co-Investors: Mumbai Angels, individual angels

Type of investment: Syndicate Investment

Paletly3) Paletly

Location: Mumbai

About the Company: It is color theme focused webstore for females which allows them to discover, share and buy apparel and other accessories created around color palettes.

Co-Investors: Kae Capital, Mumbai Angels, individual angels

Type of investment: Syndicate Investment

voxaap4) Voxapp

Location:  Delhi/NCR

About the Company: It provides marketers & research companies with a platform to get consumer insights from mobile users across smartphones and feature phones.

Co-Investors: Palaash Ventures, individual angels

Type of investment: Syndicate Investment

Other companies

batchcar1) Batchcar (Formerly SharedCab.com)

Location: Mumbai

About the Company: Its a shared cab service operating in Mumbai. It aggregates existing taxi operators and provides shared taxi services to customers for regular travel.

Co-Investors: Kae Capital, individual investors

Type of investment: Syndicate Investment

2) BedBathMore

Location: Mumbai

About the Company: Its a webstore focussed on bed, bath and related home products. BedBathMore also exports apparels and home furnishing accessorizes to US & Europe. It operates in the category of bed sheet sets, bathrobes, kitchenware, grooming kits as well as products for kids.

Co-Investors: N/A

Type of investment: Lead Investment

Click here to read the initial coverage

Onetoonetext3) DataWeave

Location: Bangalore

About the Company: Its a data aggregation and analytics company, it tracks and aggregates online public data and make it available in a structured format.

Co-Investors: 5ideas, Rajan Anandan, individual angels

Type of investment: Syndicate Investment

Click here to read the initial coverage

explara4)   Explara (Formerly Ayojak)

Location: Pune

About the Company: Its an event ticketing and discovery site used by organisers to list their events or sell tickets and visitors to discover events.

Co-Investors: Harvard Business Alumni Angels (India Chapter)

Type of investment: Syndicate Investment

shephertz5) Shephertz

Location: Delhi/NCR

About the Company: Its a Cloud-based platform for app developers. It takes care of complete backend for app development through its product called App42 and clients need to focus only on their UI and client-side logic.

Co-Investors: Kae Capital, Mumbai Angels, individual angels

Type of investment: Syndicate Investment

Click here to read the initial coverage

skoolshop6) SkoolShop

Location: Mumbai

About the Company: Its an online store for education related products including books, stationery, educational games, tablets, apps, etc.

Co-Investors: Individual Angels incl Rajan Anandan, Vikas Choudhury

Type of investment: Lead Investment

Click here to read the initial coverage

Qubecell7) Qubecell

Location: Mumbai

About the Company: It is a pure-play mobile payments solution provider, it integrates with operators throughout India and provide payment solutions through carrier billing by monetization of mobile internet traffic, social gaming and mobile services.

Co-Investors: Kae Capital, Mumbai Angels, International Angels

Type of investment: Syndicate Investment

Click here to read the initial coverage

weareholidyas8) WeAreHolidays

Location: Delhi/NCR

About the Company: It is a holiday recommendation startup, it helps people get inspired, research, plan, book and share their holidays. It helps in searching for holidays and all associated things.

Co-Investors: Mumbai Angels, GSF

Type of investment: Syndicate Investment

Click here to read the initial coverage

Expanding Globally

Through these investments, Blume Ventures clearly depicts that its investment portfolio is exposed to geographic markets, though a large number of its portfolio companies has their initial customers in India, but they had begin to formulate their plans to look at customer markets in other geographies as well which include US, Europe  and S.E. Asia. Also, 50% of its portfolio companies are looking to enter Asian or the US markets very rapidly.

Thus through these investments Blume is also trying to build its network of investors, co-investors, channels, domain experts in these regions as well.

The reports also states that, “This will continue to be an important aspect of how Blume builds its portfolio, which will then drive its global ecosystem and cross-border partnerships.”

Blume Ventures is an angel and seed venture fund that backs startups with both funding as well as active mentoring and support. It funds startups through multiple rounds which also includes Series A and B from Venture Capital firms.

Blume’s previous portfolio companies include Adepto, Eki communication, E2E Networks, Mettl, Moneysights, Promptec Renewables, Remma Consulting, Sparsha Learning, SportsNest and Valgen. It’s syndicate angel investments include Carbon Clean Solutions, Hotelogix, Zipdial, Polama and Mobstac.

Inmobi, Apalya, Algorhythm, SpeakWell, Earth2Orbit, Mobiquest, Onward Mobility, Insta Health Solutions Private Limited, Asiatic Clinical Research, eFarm, Talent Bridge, AIOCD, At Your Price, Dexlacademy.com, Milk Mantra, Serial Innovations, Svasti, BabaJob, Karmic Life Sciences and Level10comics.

To contact Author, email pooja.sareen@wirefootindia.com

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