Most Active VC Firms in June & July
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Bangalore: Excited about the rapid pace of India's entrepreneurial growth? More than $300 million fund has been raised by startups from Venture fraternity in the month of June and July alone. This shows the rising interest of VC funding in Indian enterprises. These funding were not only concentrated in the area of IT which raised $4.3 million,or e-commerce that raised , but it saw a paradigm shift where VCs funded verticals like restaurants - $35 million, clean tech - $93.5 million, health care sector - $25 million, education - $21 million, manufacturing - $86 million and chemical - $23 million. We bring to you few of the active VC firms who contributed to this rising trend. Blume Ventures
Blume Ventures is a seed and angel venture fund that targets to help startups seeking funding. In addition to funding, they also provide active guidance to these companies. In a span of two months, they have funded around $820,000 in several verticals. They have funded $300,000 to Adepto Solutions, which is a Mumbai-based social media application development company, $250,000 to EKI Communications, which focuses to improve value of voice information exchange across platforms for its enterprise customers and $270,000 along with Naveen Tewari to RupeeStreet Financial Services, a Bangalore-based company which runs the website MoneySights.com, in the month of June alone.

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