Khaitan & Co Advises Blume Ventures on Establishment of Fifth Venture Capital Fund

"Khaitan & Co advised Blume Ventures on the formation of its fifth venture capital fund, established in India and at GIFT IFSC. The fund raised $175 million at first close from institutional investors, multilateral institutions, corporates and family offices and will invest in early‑stage Indian and cross‑border ventures across health‑tech, B2B AI, consumer, fintech and deep‑tech."

Khaitan & Co acted as legal counsel to Blume Ventures in relation to the establishment of the firm's fifth venture capital fund. The fund has been set up in India and at GIFT IFSC and secured $175 million at first close from institutional investors, multilateral institutions, corporates and family offices. Khaitan & Co's role included negotiating with key institutional investors for their participation in Fund V and providing assistance in closing the transactions. The new fund will target early-stage Indian and cross-border ventures, with planned investments across health-tech, B2B AI, consumer, fintech and deep-tech. Khaitan & Co represented Blume Ventures with a team composed by: Siddharth Shah (Partner), Divaspati Singh (Partner), Sahil Shah (Partner), Aditya Tandon (Senior Associate), Athul Kumar (Associate) and Shambhavi Sinha (Associate).

Khaitan & Co Advises Blume Ventures on Establishment of Fifth Venture Capital Fund

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