AudioCompass, IndianStage, PescaFresh, Systemantics & Tripvillas raise funding from Blume Ventures
Summary
This list also includes the names in which Blume Ventures had led the round, as well as the ones in which it had syndicated investments.Blume Ventures has also said that it is now in reserve mode, limiting the new company interactions to minimal number till it raises Fund II.Seed-stage fund Blume Ventures has been the most aggressive early stage investor since 2011, leading the charts consistently. The VC firm is looking to raise a larger corpus to have more dry powder for follow-on rounds in its portfolio companies.Meanwhile, heres a peek at the previously undisclosed investee companies:AudioCompass: It provides a free app, called AudioCompass Guide, which turns smartphones into personal audio tour guides, and helps travellers explore India through stories of cultural and historical sites, museums and monuments.The firm received $400,000 led by Blume Ventures, with participation from Urrshila Kerkar of Cox & Kings Ltd. Orios Venture Partners was the co-investor.Systemantics: It designs, manufactures and markets factory automation components and systems. Its first product is a pick-and-place robot that is ideal for small parts feeding and assembly. Its co-investors include Accel Partners and a few individual investors including Ravi Gururaj.Tripvillas: An online portal that allows travellers to book holiday homes and home-stays instead of hotels and resorts.