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India stands at a defining moment in its payments journey, from UPI’s global recognition to the emergence of digital rupee pilots and new cross-border corridors. As the world’s most sophisticated real-time payments ecosystem scales toward 2035, the next decade will determine whether India can sustain innovation while balancing inclusion, interoperability, and monetary sovereignty. The most compelling axis…

This is Part II of a two part series that explores the intersection of fintech and AI. For Part I, click here.For over a decade, India’s fintech story was about building rails — Aadhaar gave identity, UPI made money instantly, Account Aggregators promised consented data etc.Together, they unlocked access…

We all grew up listening to how ​“diamonds are forever.” De Beers didn’t just sell stones — they sold permanence, rarity, and emotional weight. For decades, that narrative shaped how India thought about jewellery: gold for security, diamonds for milestones, and both tied deeply to perceived investment value.But something fundamental is shift​ing​.At Blume, we’ve been tracking lab-grown diamonds for a…

At Blume, we’ve been increasingly intrigued by travel as a sector. Over the last few years, the industry has fundamentally changed, not just in how people book trips, but in terms of how they think about travel itself.Today’s platforms are largely transactional. They help you book, not discover. The discovery mantle has quietly moved to Instagram, WhatsApp groups, and creators. Personalisation still feels…

The global energy game is being rewritten rapidly. We’re witnessing a seismic shift as the world races to decarbonize, electrify, and supercharge infrastructure. The global population is rising, but more importantly, so are our living standards, both of which fuel this energy demand growth. But the primary drivers, and the major load additions to the grid will be through AI data centers, electrification of…

A paramount shift in computing is happening by leveraging quantum mechanics to process information at speeds that classical computers will never achieve. As quantum technology matures from theoretical research into real-world applications, a huge opportunity exists to build foundational infrastructure and breakthrough research in India.Quantum startups are harnessing advancements in…

India’s vibrant startup ecosystem, concentrated in the eastern suburbs of Bangalore, the satellite cities of Gurgaon and Noida in the Delhi National Capital Region (NCR), the districts of Lower Parel & the Andheri East-Powai belt in Mumbai, the Southern suburbs of Chennai, and in the various scattered pockets across many other cities such as Pune, Hyderabad, Chandigarh etc., has lacked a singular name​.At…

Small and Medium Enterprises (SMEs) are pivotal in driving economic growth and innovation, yet accessing capital remains one of their most significant challenges. SME Initial Public Offerings (IPOs) have emerged as an alternative financing avenue, offering smaller enterprises a direct pathway to public markets. By listing on platforms like BSE SME and NSE Emerge, these businesses can raise growth capital,…

Welcome back to our Insights from a decade of Indian Mainboard IPOs series! In this Part 2, we shift our lens from pre-IPO demographics to the financial performance and capital efficiency of listed companies over the past decade. Join us on this journey as we aim to provide insights to help founders benchmark their companies against the financial…

India’s healthcare financing landscape represents a complex intersection of public policy and market opportunity, particularly highlighted by the significant gap in government healthcare spending at just 1.3% of GDP compared to other BRICS nations. This underinvestment, coupled with the fact that 58% of households face catastrophic health expenditures, has created a ​“Missing Middle” — approximately 400…

The ​“EdTech Bluprint” offers a strategic analysis of the edtech sector, divided into four key sections. It starts by examining major shifts in edtech over the past 24 months, then broadens the lens to assess macroeconomic influences on education. From there, it narrows in on Blume Ventures’ perspective of the edtech opportunity landscape, and finally, provides a deep dive into specific areas ripe for growth and…

Episode 1 of the Omega Files did cause a bit of a flutter last year. There were also a few questions left unanswered and it was for a reason. We need to give more meaningful learnings and data each year and we don’t have a new fund to dissect each year. In fact, Blume Fund II’s declassification and analysis is still at least 3 years away. So, what analysis can one provide in between?Last…

Imagine, for a moment, a world without semiconductors — no smartphones, no internet, no self-driving cars, not even the humble digital toaster. These tiny silicon chips have quietly transformed from niche technical components to the heartbeat of the global economy, accounting for around 1% of global GDP. As we rush toward a future full of AI, electric vehicles, and smart devices, semiconductors are poised to…

India’s public markets have seen significant growth in listing over the years, with forecasts estimating 98 IPOs by the end of 2024. As more and more of our founders prepare to enter the dynamic world of public markets, we often find them inquiring about crucial aspects of IPOs, such as costs, timelines, and the scale of the process. To support this journey, we analysed a decade of Mainboard IPOs on Indian…

Picture this: you’re sitting comfortably in your home, unaware of the magic behind the walls. That magic? It’s HVAC — Heating, Ventilation, and Air Conditioning. This system is the quiet force working day and night, keeping your indoor environment just right, whether it’s the middle of winter or the peak of summer.But HVAC is more than just hot or cold air. It’s a multifaceted system that…

India’s agricultural sector, a cornerstone of the nation’s economy, is on the brink of a transformative revolution powered by technological innovation and digital solutions. As a global leader in the production of various agricultural commodities, India is poised to leverage its strengths and overcome existing challenges through the rapidly growing agritech industry. By 2035, the sector envisions a future where…

Imagine you’re tackling a problem that affects millions and has no easy fix- chronic pain. It’s not the kind of pain that disappears with a quick fix; it lingers, disrupts, and overstays its welcome. Now, picture a landscape filled with bold startups and savvy investors, all racing to conquer this stubborn foe with cutting-edge innovations. From miracle pills and magic touch therapies to sci-fi wearables…

The Indian insurance sector is rapidly evolving, driven by significant regulatory changes and technological advancements. With the country’s insurance market expected to triple in size by 2032, there is substantial opportunity for innovation. InsurTech startups are leveraging digital public infrastructure, AI, IoT, and data analytics to enhance underwriting, claims management, and…

India has the world’s second-largest gaming population, with 568M gamers, and 90% of gamers playing on mobile. While RMG games account for 60% of overall casual gaming revenues, in-app purchases are expected to grow at a 35% CAGR. This brings us to why we decided to dive deeper into this sector. You can check it out

In April 2023, India surpassed China to become the world’s most populous country. While India will continue to be a relatively ​‘young’ country for years to come, India’s elderly population (aged 60 years old and above) of ~145 million population is growing — both in population size and wallet size. The elderly population will grow by ~40% in 2021 – 31 compared to ~8% for the general population in the same…