Blume's raises $105-M in first close of 'follow on' fund

Early-stage venture capital firm Blume Ventures has made the first close of USD 105 million of its fourth India-dedicated fund, which aims at a USD 200 million corpus. Blume Ventures Fund 1X will allow new investors, existing Blume Fund I and allied entities' investors, to hold the top performers in Fund I for an additional period of four to five years.