Company Overview of Blume Venture Advisors
Blume Venture Advisors is a venture capital firm specializing in early-stage, seed stage, start-ups, pre-series A, series B, and late stage investments. The firm prefers to invest in 80 percent in technology ventures including internet and software sectors, data infrastructure, biotechnology, mobile application, telecommunications equipment, media, consumer internet, researchand development, mobile, and 20 percent in alternative technology sector including clean technology and robotics. It provides seed funding between $0.05 million and $0.3 million in seed stage and doubles its investment size where it co-invests. The firm also makes follow-on investments to its portfolio companies, ranging...
Opposite Nirmal Park
Founded in 2010
Key Executives for Blume Venture Advisors
Co-Founder, Managing Partner, and Chief Executive Officer
Co-Founder, Managing Partner, and Managing Director
Chief Financial Officer and Principal
Compensation as of Fiscal Year 2014.
Blume Venture Advisors Key Developments
Ola Close To Finalize Acquisition of TaxiForSure
Feb 18 15
ANI Technologies Pvt. Ltd. (Ola) is in advanced stages of finalizing a deal to buy Serendipity Infolabs Pvt. Ltd. (TaxiForSure). The deal could be worth $200 million in stock. The deal is expected to close later this week. "The deal is being signed at about $200 million in mostly stock-swap with a swapping ratio of about one Ola share for seven TaxiForSure shares," an investor in TaxiForSure said. Ola and TaxiForSure will continue to operate as separate brands, at least for a while, according to one person aware of the developments. "After the transition period is over, TaxiForSure founders who will be mostly paid in cash are likely to exit the company. That is the agreement," the TaxiForSure investor said. Accel Partners, Helion Venture Partners, LLC, Bessemer Venture Partners and Blume Venture Advisors will roll over their shares into the combined entity and take a small portion of the consideration in cash. "Most of the shares held by TFS investors are getting rolled over to Ola as they did not agree to a complete share deal. Around 20% of the deal is cash," an investor in Ola said. The Times of India added that TaxiForSure and Ola did not reply to email queries from ET.
BLUME VENTURES ADVISORS Presents at AVCJ Private Equity & Venture Forum - India 2014, Dec-02-2014 04:30 PM
Dec 1 14
BLUME VENTURES ADVISORS Presents at AVCJ Private Equity & Venture Forum - India 2014, Dec-02-2014 04:30 PM. Venue: Taj Lands End, Band Stand, Bandra (West), Mumbai 400 050, Maharashtra, India. Speakers: Sanjay Nath, Co-Founder and Managing Director.
Blume Seeks Acquisitions
Feb 17 14
Blume Venture Advisors is seeking acquisitions. The firm expects to see 2-3 small acquisitions or exists in 2014.
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