Inside the fintech bets of Blume Ventures
16 Jul 2026, 02:20 PMTurtlemint remains the only fintech investment that Blume Ventures has taken from seed to the public markets. But it is not the only bet from which the VC has generated liquidity.
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When insurtech startup Turtlemint listed on the stock exchanges last month, it became the first company from Blume Ventures' fintech portfolio to go public.
While the listing lacked the scale and fanfare of Paytm (Elevation Capital portfolio) and PB Fintech (Info Edge and Premji Invest portfolio) in 2021, or Pine Labs and Groww (Peak XV Partners portfolios) in 2025, it nonetheless marked a milestone for Blume Ventures, the homegrown venture capital firm that began investing in startups in 2010, when India's venture ecosystem was still nascent and largely dominated by foreign institutions.
Blume, launched by Karthik Reddy and Sanjay Nath, who first met through the Mumbai Angels Network, made a seed investment in Turtlemint in 2015. It later doubled down through its Opportunities Fund to back the startup right till the initial public offering (IPO) stage, a strategy that is gaining ground in the venture capital industry in India as firms support portfolio companies for longer and participate across multiple funding rounds....
Access the Full Report here: Inside the fintech bets of Blume Ventures
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