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Blume Ventures collaborates with Bridgestone India

2023-01-03

In order to take advantage of India's thriving start-up community in the mobility solutions sector, Blume Ventures, India's top domestic venture, has partnered with Bridgestone India, a division of the Bridgestone Group, a global leader in tyres and rubber that offers solutions for safe and sustainable mobility. The collaboration with Blume Ventures aims to become a part of the government's "Start-up India" initiative and work with the ecosystem to support innovation and start-ups in the mobility sector.

Bridgestone India made the decision to collaborate with Blume Ventures, a company that supports businesspeople who are creating products to address significant challenges in India or exporting the best of Indian innovation to foreign markets. The diverse mandate extends from EdTech, FinTech, Health, Commerce and Consumer internet in the former to Deep-Tech, AI to SaaS and enterprise software in the latter category. Blume focuses on early-stage, innovative technology-led start-ups. This fits into Bridgestone’s interest in creating a vibrant mobility solutions space in India.

“Bridgestone India’s partnership with Blume Ventures will deepen and widen our innovation strategy and will nurture our leadership role in the introduction of new mobility services. The corporate venture partnership will allow us to accelerate our strategy of exploring new and disruptive models in the mobility eco-system. As a partner, Bridgestone brings its global leadership position to the Indian market and to India’s growing start-up space.”, said Mr. Parag Satpute, Managing Director Bridgestone India.

Sanjay Nath, Co-Founder and Managing Partner at Blume Ventures said “We are grateful to our anchor supporters who have emphatically backed Blume. Whether building domestically or for global markets, the best founders and LPs would like to work with a Fund that can be considered world-class, which has spurred us to keep institutionalising and bolstering our platform, team and capabilities. Thanks to an increasing reality of IPO and M&A exits, there is a huge resurgence of founders and operators. We’re excited for Blume to become the preferred seed partner of choice for both these categories.”