Our investment
Description of the investment.
Description of the investment.
This investment is part of our strategy to (i) support the local entrepreneurial ecosystem in our markets in order to build new businesses which create jobs, and; (ii) provide us access to early-stage companies that have the potential to create transformational impact at scale.
Our investment in Blume Venture Fund IV will support the growth of scalable tech businesses which are increasing access to economic opportunities, goods and services, and improving quality of life for consumers through tech.
Impact information
Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.
Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.
What?
Impact |
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Improve quality of life for consumers including access to healthcare and education (SDGs 3, 4) and clean-tech solutions (SDG 13) |
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How?
Primary | Secondary |
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Through investments in healthtech and climate tech. |
Providing capital to 40-45 early-stage companies, enabling their growth and generating direct employment and increased income for farmers. |
Who?
Stakeholder | Geography | Characteristics |
---|---|---|
Consumers (including patients and students) |
India (with some investees having global customer base) |
Mostly middle income, although some companies may reach lower-income segments through innovative use of technology. |
Employers and suppliers |
India |
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Planet |
How much?
Scale | Depth/Duration |
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The VC model implies the potential for large scale, over a long-term horizon. If successful, companies have the ambition to reach millions; however, this is likely to only come from a subset of companies. |
Variable depending on the nature of goods and services provided and the population reached. |
Contribution/additionality
Contribution/additionality |
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Risk
Execution Risk
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Impact score
Impact score (at point of investment)
The Impact Score is a tool to help us manage our performance against our strategic impact objectives. It is designed to incentivise investments that support our productive, sustainable, and inclusive objectives. You can find out more here. The Impact Score is published for investments made from 2022 onwards. The Impact Scores are calculated at the point of investment. We publish the Impact Scores of new investments annually, once the information has been externally assured by an independent third party. |
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4 |
Environmental and social information
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Environmental and social summary
A high-level description of the environmental and social aspects of the investment. This may include a summary of key environmental and social risks identified during environmental and social due diligence (ESDD); key elements of an environmental and social action plan (ESAP); or ways in which we plan to support the investee improve environmental and social standards, such as through their environmental and social management system (ESMS); as well as any other priority areas agreed with the investee.
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Environmental and social risk
A risk category rating, which indicates the level of environmental and social risk associated with an investment. For an explanation of the categorisations used, see here. We consistently provide an environmental and social risk category for all investments screened from 2023 onwards.
Environmental and social summary
We agreed with the fund manager to develop an ESG management system and enhanced safeguarding policy. These were among the items included in an ESG action plan with the fund.
Environmental and social risk
Low
Reporting and Complaints Mechanism
The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.
For any other general enquiries contact us at [email protected]
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Key facts
- Last updated
When the last quarterly update of the website database occurred.
- June 2024
- Project number
An identifier number shared by investments in the same project.
- D5478
- Status
The current status of the investment (green flag for active and red flag for exited).
- Active
- Region
The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.
- South Asia
- Sector
We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.
- Communications & IT services, Construction & Real estate, Consumer - Education, Consumer - other services, Financial services, Food & Agriculture, Generalist, Infrastructure, Manufacturing
- Investment type :
- Fund
- Start date :
- December 2022
- Amount :
- $14.4m
- Currency of investment :
- INR
- Fund Manager:
- Blume Venture Investment Manager LLP
- Domicile
The company or investment fund’s place of incorporation.
- India
We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.
For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.
For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.
For direct equity investments, this is the date at which British International Investment exited the investment.
For debt investments, this is the date at which the final debt repayment was made.
For funds, this is the date at which the fund was terminated.
For underlying fund investments, this is the date at which the fund manager exited the investment.
The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.
For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.
The currency in which the investment was made.
- Last updated
Investments made by this fund into companies:
For further information about these companies, visit https://blume.vc/
Investment name | Country | Region | Sector | Start date | Status |
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Aerem Solutions Private Limited | India | South Asia | Communications & IT services | March 2022 | Active |
Asset 10 Software Private Limited | India | South Asia | Communications & IT services | June 2022 | Active |
Atomicwork Inc. | USA | Rest of the World | Communications & IT services | April 2023 | Active |
Bambrew Plant Fiber Technology Pvt. Ltd | India | South Asia | Food & Agriculture | February 2024 | Active |
Clientell Technologies Pvt. Ltd | India | South Asia | Communications & IT services | February 2024 | Active |
Complement Theory Technologies Pvt. Ltd | India | South Asia | Communications & IT services | June 2024 | Active |
Complement Theory Technologies Pvt. Ltd | USA | Rest of the World | Communications & IT services | June 2024 | Active |
DPDZERO Technologies Private Limited | India | South Asia | Financial services | September 2023 | Active |
Fashor Lifestyle Pvt. Ltd | India | South Asia | Infrastructure | June 2024 | Active |
Fashor Lifestyle Pvt. Ltd | India | South Asia | Consumer - other services | June 2024 | Active |
Flashmonk Private Limited | India | South Asia | Communications & IT services | September 2023 | Active |
Ikan Uplevel Technologies Pvt. Ltd | India | South Asia | Consumer - Education | March 2024 | Active |
Leaguex Gaming Pvt. Ltd | India | South Asia | Infrastructure | June 2024 | Active |
Leaguex Gaming Pvt. Ltd | India | South Asia | Generalist | June 2024 | Active |
Localbuy Technologies Private Limited | India | South Asia | Consumer - other services | December 2023 | Active |
Multipl Fintech Solutions Private Limited | India | South Asia | Communications & IT services | May 2022 | Active |
Mysa Innovation Private Limited | India | South Asia | Financial services | September 2023 | Active |
Opticap Holding India Private Limited | India | South Asia | Food & Agriculture | February 2024 | Active |
Pico Xpress Private Limited | India | South Asia | Construction & Real estate | April 2023 | Active |
Resellme Tech Private Limited | India | South Asia | Communications & IT services | September 2022 | Active |
Scribble Data Private Limited | India | South Asia | Communications & IT services | March 2022 | Active |
Since99 Apparel Private Limited | India | South Asia | Manufacturing | April 2023 | Active |
Speedup Inc | India | South Asia | Communications & IT services | February 2024 | Active |
Vecmocon Technologies Private Limited | India | South Asia | Infrastructure | September 2022 | Active |
Virohan Private Limited | India | South Asia | Communications & IT services | January 2023 | Active |
Vutto Trading Services Pvt. Ltd | USA | Rest of the World | Communications & IT services | June 2024 | Active |
Vutto Trading Services Pvt. Ltd | India | South Asia | Consumer - other services | June 2024 | Active |
Zivy Applications India Private Limited | India | South Asia | Communications & IT services | June 2023 | Active |