Even as deal activity has staggered globally, early-stage investor Blume Ventures, which has backed the likes of Dunzo and Unacademy, raised a whopping $250 million for its fourth India-dedicated fund, more than double the size of its previous fund.
“India is all about strong fundamentals, which may have been mispriced or overpriced, but that doesn’t mean that the fundamentals are weak or have disappeared,” Sanjay Nath, co-founder at Blume Ventures told DealStreetAsia in an interview.