Blume Ventures

Blume Ventures

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The Revenue AI Stack Is Broken. Here's What Comes Next. Imagine you're a revenue leader who's all in on AI. You've read the case studies, and you believe the hype. You want to automate everything from outbound to lead scoring to forecasting. But instead of feeling like you're in the future, you're stuck managing multiple tools, integrations, and contracts. You have a GTM stack that feels like it's stitched together with duct tape. Here's a map of where things actually stand. @sameeraculous (Sameera) from Blume's investments team created a BluPrint breaking down what's broken today and where founders should be building next in the revenue AI space. For revenue leaders and founders, the thesis maps out how AI is rewiring pre-sales, post-sales, and RevOps and where the biggest gaps still sit. Read the full thesis here: shorturl.at/TUeF3 @BKartRed @AshishFafadia @sajithpai @sanjaynath @arpiit @riashroff @saritaraichu @mehtaalok @mitul_am @SeekingN0rth @DeepikaDakuda @gauthamsiv @ray_elton99 @vikramg05

🚀 Powering India's Commercial EV Revolution: Euler Motors Raises $47M (~₹437 Cr) @Euler_Motors (Fund III) has raised $47M in a funding round led by Lightrock. We participated in the round along with Hero MotoCorp. The company has also secured ₹250Cr in debt financing from BlackSoil, Trifecta, InnoVen Capital India, and Alteria Capital. Founded by @sauravk_89 (Saurav) in 2018, Euler Motors is a leading commercial electric vehicle manufacturer building purpose-built electric three- and four-wheeler cargo vehicles for last-mile logistics. The fresh capital will be deployed to double production capacity to 2,000 vehicles per month, with a third manufacturing unit set to go live in the next six months. Around ₹400Cr will be invested over the next 18 months across R&D, tooling, product development, and factory expansion. The company reported ₹192Cr in revenue for FY25 and is on track to post 100% revenue growth in FY26, with presence across 60 cities and plans to expand to 100. "Euler has always invested heavily in R&D and building purpose-built EV products rather than retrofits. We will continue investing in batteries, software, and localisation. We want to scale to 2,000 vehicles per month," said Saurav Kumar, Founder & CEO of Euler Motors. @arpiit (Arpit), Partner at Blume, says, "We have been delighted by the way Saurav and his team have executed over the last 8 years. They've proven that young Indian companies can build high-quality automotive products from scratch, loved by customers with the potential to become market leaders. The journey hasn't been easy, but we're excited about what's ahead." With EV penetration in four-wheel commercial vehicles still at just 1-2%, Euler Motors is positioned to capture a massive opportunity as India's logistics sector goes electric — delivering cleaner, more efficient last-mile solutions across the country. 📰 Read the full press release here: shorturl.at/xo4Sp @BKartRed @AshishFafadia @sajithpai @sanjaynath @arpiit @riashroff @saritaraichu @mehtaalok @mitul_am @SeekingN0rth @DeepikaDakuda @gauthamsiv @ray_elton99 @vikramg05

🚀 Quick Commerce Meets Parenthood: OZi Raises $6.2M (~₹54Cr) OZi (Fund V) has raised $6.2M in a new funding round, led by RTP Global. We participated in the round along with Huddle Ventures and Zeropearl VC. The round also saw participation from prominent angels. Founded by Amit Sah, OZi is a quick commerce platform purpose-built for baby and kids' products, designed to simplify how modern parents shop. With over 15,000 products across fashion, toys, nursing essentials, baby care, school supplies, pharmacy, and gifting — OZi operates 24x7, delivering within 60 minutes across Gurugram and Noida. @sajithpai (Sajith), Partner at Blume, says, "In under a year, OZi has gone from a blank sheet to a humming operation with a high-grade team, a robust warehouse backbone, and tightly run on-ground operations. We are impressed with how far OZi has come in such a short time and even more excited about the scale that lies ahead." "Convenience is not just about a ten-minute delivery. It is about finding the right product, at the right time, from a trusted brand, without compromise, all in one place. Scale will be the natural outcome of solving convenience consistently for young parents," said Amit Sah, Founder & CEO, OZi. The fresh capital will be used to deepen OZi's presence across NCR, strengthen brand and trust, invest in technology and operational capability, and expand its curated assortment. As dual-income households grow and parenting demands evolve, OZi is building the definitive destination for modern parents — one that brings convenience, curation, and trust together in a single platform. 📰 Read the full press release here: shorturl.at/Yt0dr @BKartRed @AshishFafadia @sajithpai @sanjaynath @arpiit @riashroff @saritaraichu @mehtaalok @mitul_am @SeekingN0rth @DeepikaDakuda @gauthamsiv @ray_elton99 @vikramg05

In this month's Decoding Exits series, @BKartRed (Karthik) breaks down the secondary market activity from January & February. This time, it's a Blume special with three portfolio companies leading the action. Here are the highlights: 🔐 @getidfyed (Fund I vintage) raised ₹475 Cr in a round where the secondary component (₹250+ Cr) actually exceeded the primary, with Neo Asset Management coming in as the big buyer and TransUnion exiting with a handsome return. 🚗 @myspinny (Fund II) pulled off another $150M+ round at a premium after last year's $170M raise, with Fidelity entering as a new investor while Accel and WestBridge Capital doubled down. This follows the http:/GoMechanic.in and Autocar India acquisitions as Spinny continues to build a full-stack auto platform. 📈 @RaiseTheBarHQ (AKA Dhan - Blume Founders Fund) — One of India's fastest growing profitable unicorns, Dhan went from a $3M seed to a $1.2B valuation while barely raising any venture capital along the way. The round saw $120M+ in primary demand, with early backers like Hornbill, MUFG, BEENEXT, and 3one4 taking 65%+ compounded returns on partial exits. Watch the full video here: youtu.be/nqBD7S3tdcw @BKartRed @AshishFafadia @sajithpai @sanjaynath @arpiit @riashroff @saritaraichu @mehtaalok @mitul_am @SeekingN0rth @DeepikaDakuda @gauthamsiv @ray_elton99 @vikramg05

🚀 Fueling India's Used Car Revolution: Spinny Raises $170M (~₹1,400Cr) @myspinny (Fund II) has raised $170M in a round led by @Fidelity and Accel Leaders Fund. The round includes $90M of primary capital into the company, alongside $80M in secondary transactions where early investors including us and @FundamentumVC achieved liquidity by offering partial stake sales to incoming investors Fidelity and @WestBridge_Cap. Founded by @niraj001s (Niraj), @ramanshumahaur (Ramanshu), and Mohit Gupta, Spinny is India's leading full-stack online used car platform. They acquire, refurbish, certify, and sell high-quality vehicles at a fixed price with a 5-day money-back guarantee. The fresh capital will power Spinny's continued push toward profitability and market leadership. The company’s revenue in FY25 rose 25% to ₹4,657Cr while losses narrowed to ₹424Cr. This was primarily driven by tighter cost controls, improved sourcing efficiencies, and growing contribution from higher-margin add-ons like financing, insurance, and warranties. @arpiit (Arpit), Partner at Blume, says, "The genius of Niraj and team has been staying true to their original mission to provide a 100x better car buying experience, reinventing every single thing about the business from first principles. We continue to remain invested and look forward to the journey to public markets and beyond.” As used car volumes outpace new car sales in India, Spinny is building the trust infrastructure the market needs, making pre-owned car buying transparent, convenient, and reliable for millions of Indian consumers. 📰 Read the full press release here: shorturl.at/q7guO @BKartRed @AshishFafadia @sajithpai @sanjaynath @arpiit @riashroff @saritaraichu @mehtaalok @mitul_am @SeekingN0rth @DeepikaDakuda @gauthamsiv @ray_elton99 @vikramg05

🚀 Building the OS for India’s Finance Teams: Mysa Raises $3.4M (~₹31 Cr) @mysa_tweet (Fund IV) has raised $3.4M in a round co-led by us and Piper Serica, with participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, Antler, IIMA Ventures , and Neon Fund. The company announced its first round of funding (~$2.8M) just last February. Founded by Arpita Kapoor, @mohit_rangaraju (Mohit), Ashutosh prasad Panigrahi, and Mohit Jain, Mysa is building the missing AI-driven, bank-integrated operating layer for India’s finance teams. The platform plugs into existing ERPs and banks with zero migration, automating workflows that have historically been manual, fragmented, and opaque. In under a year since launch, Mysa has reached ₹1,500+ crore in annualised transaction volume, enabled payments to 40,000+ unique vendor bank accounts, and became the first platform in India to support multi-banking across 15+ banks. “Finance teams today are expected to move faster while managing more complexity, but the underlying infrastructure hasn't evolved,” said @Arpita_Kapoor, Co-founder & CEO, Mysa. “We're building an AI-driven automation platform that plugs seamlessly into legacy ERPs and banks, enabling teams to scale without adding operational risk.” @josephseb (Joseph), VP at Blume Ventures, says, “We’re excited to double down on our investment in Mysa. The team has a first-principles understanding of finance teams’ real-world pain points: reflected in near-zero churn in the product’s first year cycle. The platform’s multi-banking architecture and AI-first approach make it a natural upgrade layer over legacy systems.” As India’s mid-market scales, Mysa is laying the foundation for a modern CFO stack: integrated, automated, and AI-native from day one. Read the full press release here: mysa.io/blogs/mysa-raises-3-4-...… @BKartRed @AshishFafadia @sajithpai @sanjaynath @arpiit @riashroff @saritaraichu @mehtaalok @mitul_am @SeekingN0rth @DeepikaDakuda @gauthamsiv @ray_elton99 @vikramg05

The End of Financial Gatekeeping Financial planning overwhelms most people. Information asymmetry, complex jargon, emotional pressures, and FOMO make even the savviest among us squirm at the thought of managing our money. But what if you had a 24/7 financial advisor at your

We’re back with the final weekday episode from Season 4 of the Blume Podcast. In this episode, Karthik Reddy sits down with Tanuj Shori of Square Yards to unpack what it takes to build a PropTech platform that moves ~₹18,000 Cr of real estate every year. If you missed the full episode, we’ve compressed the best moments to give you all the goodness in 1/4th the time, perfect for your lunch break. Here are three highlights that stood out to us from the episode: 1) The discipline to say no to a “good business” to build a great one Early on, Square Yards had a clear way to make money: monetise their search-and-discovery traffic. It was a revenue pool worth ~$150M. But they chose to ignore the low-hanging fruit, because it would pull their focus away from their larger goal: owning the full transaction ecosystem, a $4B opportunity. 2) Building an ecosystem, not just a brokerage For Square Yards, brokerage was a wedge into a fragmented market. The real play is owning the entire homebuyer journey. They built search and transactions first, then added financing through Urban Money, and now they're expanding into renovation and property management. Through this, they aim to become the default platform for all real estate decisions. 3) The “all-in” rule: earn the right to ask for capital Their philosophy is, ”If we can’t give this our life, we can’t ask anyone else for money.” They went all-in, selling not just their own homes, but even their parents’ homes to build Square Yards. Only after proving that level of conviction did they raise a substantial ~$12M angel round led by Tanuj's former bosses. If you’re building in a messy, fragmented market and want a real playbook, don’t miss this episode: youtu.be/wsIGYYrek08 @BKartRed @AshishFafadia @sajithpai @sanjaynath @arpiit @riashroff @saritaraichu @mehtaalok @mitul_am @SeekingN0rth @DeepikaDakuda @gauthamsiv @ray_elton99 @vikramg05

SquadStack (Fund II) is witnessing a fundamental shift in how contact centres operate, with Voice AI moving from experimentation to core enterprise infrastructure. Over the past year, the company has transitioned from 100% human-led calling to ~62% of calling volume now handled autonomously by Voice AI agents. AI calling minutes are doubling month-on-month, even as overall call volumes continue to scale — driven not by pilots or demos, but by deeply embedded deployments across mission-critical enterprise workflows. The result is AI operating continuously, at scale, and in production. As this transformation unfolds, @SquadStackAI's Voice AI agents are already engaging thousands of customers in real time, a clear signal that the future of contact centres is being built right now. twitter.com/BlumeVentures/stat...

This graph captures a fundamental shift inside @SquadStackAI and across the contact center industry. A year ago, 100% of our calling volume was human-led. Today, ~62% is handled autonomously by Voice AI Agents. AI calling minutes are doubling month-on-month, even as overall call volumes continue to scale. This shift didn’t come from chasing demos or pilots. It came from deeply embedded implementations across core enterprise workflows. By the time you finish reading this, our AI would have already handled ~8,000 customers.

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