Indian venture firm Blume has raised over $250 million for a new fund, its fourth and largest, as it looks to get more aggressive in courting early-stage startups and going deeper into supporting its portfolio firms at a time when the deal flow activity in the South Asian market has taken a hit from the broader global reversal in the public markets.
The 12-year-old firm, which employs about three dozen people, said it initially sought to raise $200 million but broadened its goals following in-bound requests. Some of India’s finest family offices, global family offices, sovereign wealth funds of India and overseas and emerging market …
