Venture Capital fund, Blume Ventures in its quarterly investor report has disclosed investment in event ticketing site IndianStage, audio travel content provider AudioCompass, robotics & automation firm Systemantics and fresh sea food brand PescaFresh. Further the venture fund has also disclosed that it has invested in its portfolio company Tripvillas – holiday accommodation site.
Here is a quick look into its investments during Jul 1 to Dec 31, 2013.
IndianStage – Based out in Bangalore Indianstage is an event ticketing platform. Blume Ventures has invested in it along with Google India MD Rajan Anandan.
AudioCompass – It helps to travel smart by turning mobile devices into personal tour guides. Blume Ventures has invested in it along with Cox & Kings promoter family.
Systemantics – It develops robots and custom automation solutions for industries. Blume has invested in the company alongwith Accel Partners and few other individual investors.
Tripvillas – It helps travelers to book Holiday Homes and Homestays. Blume has invested in it alongwith VC firm Neoteny Labs, seed investment firm MENA Venture Investments and other angels.
PescaFresh – It’s an organized Seafood Distribution and Retailing Company which has ushered a unique concept of delivery of 100% fresh and customized seafood to the doorstep
Other companies in which it has invested during the period includes Homeveda, Kuliza, Turtle Yogi, Instamojo, Purplle, Tookitaki & VoxPop.
The report also mentions that Blume’s six portfolio companies have raised Series A investments and also expects that out of these 2-3 companies will raise Series B investment in 2014.
It also expects that 8-10 of its portfolio companies might raise Series A and 2-3 small acquisitions or exists in 2014. Out of its Series A and Series B companies, it expects 1-2 companies to create an aggregate shareholder value of Rs 1,000 Cr.
The venture capital firm has also mentioned that it has invested in over 70 companies through its Rs 100 Cr fund until now, it will be keeping new investments to a minimal number till its second fund is launched in which it is planning to raise $50 Mn.
See the detailed quarterly investor report.
