By 
TechCrunch
India’s Blume Ventures raises $105 million in the first close of its fourth fund
Blume Ventures said on Wednesday it has raised $105 million in the first close of its fourth fund, less than two years after finalizing its previous fund, as investment activity intensifies in the world’s second-largest internet market. The 11-year-old firm, one of the largest Indian venture funds, said it expects its new fund to balloon to close to $200 million by March next year, which is when it hopes for the final close. With the new fund, the investment firm will continue to focus on backing early-stage startups in their pre-seed and pre-Series A rounds, said Karthik Reddy, co-founder and managing partner at Blume Ventures, in an interview with TechCrunch.
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