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Blume Ventures Investments In Jul-Dec 2012: Gharpay, WebEngage, Printo, CareerVita & More

Venture capital firm, Blume Ventures, has released its quarterly report in which it discloses funding updates, via an Instamojo listing.

Although, the report does not contain details about performance of the portfolio companies and investment details (they’re issued separately and not made public), it does disclose previously undisclosed investments:

GharPay Logo

– Gharpay: Gharpay offers a doorstep cash payment network for businesses and claims to have a network of more than 1,000 pincodes across India. It claims to already have more than 500 clients in India including BookMyShow, Info Edge, Cleartrip, Zomato, Groupon, and Jet Airways among others. The company had previously raised $200,000 from Sequoia Capital and a seed investment of $100,000 from Raju Reddy. Founded by Abhishek Nayak and Arpit Mohan. Co-investors: Sequoia Capital and Kae Capital.


– WebEngage: WebEngage offers online customer feedback, survey and notification tools to websites. It currently offers these services through various monthly subscription plans starting with $15 per month per website going up to $99 per month per website. It also offers free plans with limited functionality and enterprise plans for corporates. WebEngage claims to have clients like Snapdeal, Intuit, HomeShop18, MakeMyTrip, Cleartrip, and BookMyShow among others. The company had previously raised seed funding from Indian Angel Network in October 2011. Founded by Avlesh Singh and Ankit U. Co-investor: GTI Capital.

Printo Logo

– Printo Document Services: Printo provides various printing solutions online and offline, allowing customers to place orders for business cards, business stationary, flyers, brochures, and customized diaries among others. It also offers customized photo and personalised products like calendars, diaries, photo mugs, photo t-shirts, and photo prints among others. Printo has previously raised $6.25 million from Sequoia Capital and an undisclosed amount from SeedFund. Founded by Manish Sharma and Lalani Zaveri. Co-investors: Individual Angels.

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CareerVita Logo

CareerVita: CareerVita currently offers several video-based recruitment solutions for pre-screening potential job applicants and conducting virtual job interviews. It claims to have customers like the Global Academy of Technology. Founded by Girish Baliga.

Grey Orange Robotics

Grey Orange Robotics: Grey Orange Robotics is building products and services for the robotics and warehouse automation business. Founded by Samay Kohli and Akash Gupta. Co-investors: BITS Sparks Angels, International Angels and The Hatch.

Verayu Logo

–  Nivaata Systems: Nivaata Systems offers a paid mobile application called Verayu, which allows users to track their phones through the web. The company says that the app is currently available on Android, Symbian S60v3, BlackBerry and J2ME. It also offers a GPS tracking device called Yantra, a developer API which provides location as a service for mobile phones and Yantra and enterprise solutions to allow businesses track its field force. Founded by Sriram Kannan.

Other (previously disclosed) investments made by the Fund:


MadRat Games: MadRat Games develops offline and online/mobile Indian language learning games focused at K12 students. Founded by Rajat Dhariwal, Madhumita Haldar and Manuj Dhariwal. Co-investors: First Light Ventures (part of Grey Ghost Ventures). We had reported this investment in December 2012.

Playgroundonline Logo

Playground Online: Playground Online is an e-commerce venture which offers products across various categories like Sports (equipment across various categories of Sports), Fitness (Gym and fitness accessories), Nutrition (food and supplements), Sportswear, Shoes, Accessories, Kids’ sports products, and Fan shop (merchandise). The company had merged with a Blume Ventures-backed e-commerce venture SportsNest.com in January 2013 and the new entity had raised undisclosed amount from Blume Ventures in a new funding round. Founded by Ramakrishna Kalluri and Srini Battula.

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Redquanta Logo

– RedQuanta: RedQuanta develops customized mystery shopping programs for online and offline businesses to evaluate consumer experiences and offers a mystery shopping platform for users to sign up as mystery shoppers for these businesses. The company claims to have more than 20,000 registered and active shoppers and more than 50 clients across various industry sectors. Founded by Pankaj Guglani. Co-investors: India Quotient, India Venture Partners and Individual Angels.

Unamia LogoUnamia: An E-Commerce venture which focuses on kids apparel. The portal currently offers apparel for both girls and boys of age ranging from 0- 8 years, across various categories including girls’ tops, pants, capris, skirts, dresses, party dresses and boys’ tees, shirts and pants. We had reported this investment in October 2012. Founded by Jyotsna Pattabiraman and AngelPrime promoters. Co-investor: AngelPrime.

RelatedBlume Ventures Investments: Framebench, Glamrs, IDfy, Emo2 & Others

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