Dubai's NB Venture to float $50-M fund with Blume Partners

Dubai-based venture capital NB Ventures plans to start a new vehicle in partnership with Mumbai-based early-stage venture firm Blume Ventures. The target size of the fund is around USD 50 million. The two firms are in talks to work out the modalities. Since its inception, NB Ventures has invested in more than 50 startups focussed on digital startups in several industries, including healthcare, education, logistics, retail, lifestyle, hospitality, information technology, and e-commerce. Recent investments have been in Pixxel, Melorra, Otto, Purplle, HealthifyMe, Leverage Edu, Pernia's Popup, and Thirdwave.