India's Blume Ventures hits first close of fund IV at $105m

Team Blume Ventures

Venture Capital firm Blume Ventures, an investor in startups such as edtech unicorn Unacademy, beauty marketplace Purplle and used car selling platform Spinny, has held the first close for its fourth fund at $105 million, it announced on Wednesday.

Blume Fund IV, which has a target corpus of $200 million, is aiming to achieve the final close by March 2022, it said in a statement.

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