July saw our portfolio companies scaling new heights! SuperK raised ₹100 crore to scale organized retail in India's small towns, while Namma Yatri reimagined urban mobility with its game-changing multi-modal transit platform. Up in space, Pixxel's next-gen Firefly satellites got launch-ready, and back on Earth, Ultrahuman expanded operations to Latin America. From corner shops to cosmic shots, July was a month of unlimited horizons. Let's get into it. 👇 Funding UpdatesSmall-Town Retail Revolution: SuperK Raises ₹100 Crore ($11M) to Power Next Growth ChapterSuperK (Fund IV), India's fastest-growing tech-enabled supermarket chain for small towns, secured ₹100 crore in funding led by Binny Bansal's 3STATE Ventures and CaratLane founder Mithun Sacheti, with participation from cricket star Shubman Gill and existing investors us and Xeed Ventures. Founded by Anil Thontepu and Neeraj Menta, SuperK operates 130 stores in 80+ towns in Andhra Pradesh, powered by proprietary technology and a successful Gold membership program driving 75% of sales. The fresh capital will fuel expansion into 300 new towns across three states, strengthening their mission to organize India's $600 billion grocery market.
Here is what Sarita Raichura (Director, Investments, at Blume) had to say about the fund raise. Growth and ScaleNamma Yatri Launches Game-Changing ‘From First Mile to Last Mile’ Mobility PlatformNamma Yatri (Fund IV) unveiled Namma Transit, a revolutionary multi-modal transportation platform integrating metro and ride-hailing services in Bangalore. The ONDC-powered solution enables single-ticket booking for complete journeys - from first to last mile - with live tracking, platform guidance, and smart alerts. The launch unveiled #MadeForBLR: Namma Mobility Blueprint 2030, a 10-point vision for a cleaner, faster, and more inclusive Bengaluru through the B.L.R. (Better Living through Responsible Mobility) framework. From High Growth to Highway: Atomicwork Lights Up Silicon ValleyAtomicwork (Fund IV) is making waves on Silicon Valley's iconic 101 highway with a stunning billboard celebrating their transformative partnership with Zuora. The collaboration powers IT transformation across Zuora's 1,600+ employees in 15 global offices, marking a milestone in Atomicwork's journey to reimagine enterprise IT.
Building on this momentum, the company announced FUSION - an exclusive gathering of 100+ CIOs and digital transformation leaders on September 24, 2025 in San Francisco. The event aims to foster bold ideas and honest dialogue about the future of enterprise technology. Trust That Scales: IDfy's 14-Year Journey to Rs 200 Crore ARRIDfy (Fund I vintage) celebrated its 84th board meeting with a remarkable story of resilience and growth. From processing 80 lakhs in annual revenue in its early days to hitting Rs 200 crore ARR today, IDfy now handles 65 million monthly verifications across seven countries, serving 2,500+ clients in 15+ industries. Founder Ashok Hariharan's early vision of addressing India's digital trust deficit has evolved into the backbone of the country's trust infrastructure. But beyond the numbers, it's IDfy's culture of innovation and care that stands out – proving that building a values-first company and achieving market leadership aren't mutually exclusive. Procurement Gets Smart: Procol Powers ₹1.5 Lakh Crore Worth of DecisionsProcol (Fund III) reached a significant milestone with procurement worht ₹1.5 lakh crore running on its AI-powered platform. Serving 150+ enterprises across 10+ countries, including giants like Havells, Zepto, and Aditya Birla Group, Procol is transforming procurement from a back-office function to a strategic growth lever. "This reflects a larger shift in the market," says Founder & CEO Gaurav Baheti. "With AI agents, robust integrations, and more on the way, we're building a platform that truly empowers teams to do more with less." The impact? Signature Global cut sourcing cycles by 40%, while Quippo Oil and Gas achieved 15% logistics cost savings. Ten Years of Routes Optimized: Locus Celebrates a Decade of InnovationLocus (Fund II) marked its 10th anniversary with impressive metrics: 300+ enterprise clients, 1.22 billion+ deliveries, and 14.4M kgs of GHG emissions saved. From shipping their first dashboard in under 30 days to building world-class geocoding that outperforms industry giants, Locus's journey exemplifies the power of consistent innovation. Breakthrough Products and PlatformsAti Motors Reimagines Industrial AutomationAti Motors (Fund III) unveiled its vision for industrial robotics with Sherpa Mecha - a robot prototype that challenges traditional humanoid design. Inspired by practical engineering rather than human biomimicry, Sherpa Mecha combines wheels for mobility with carbon fiber arms carrying 12kg payloads at 900mm reach, prioritizing efficiency over anthropomorphic aesthetics.
The company also launched two commercial powerhouses:
These launches represent Ati Motors' commitment to building purpose-built robots that prioritize real-world performance over bio-mimicry - like how the C-130 evolved from birds' inspiration into a practical logistics workhorse. Blood, Data & Beyond: Ultrahuman’s Global GrowthUltrahuman (Fund III) is redefining preventive healthcare with a triple-play expansion this month. The company made its first major push into the Americas, launching operations in Mexico, Brazil, Argentina, and Chile, while simultaneously unveiling Blood Vision in the US – a revolutionary at-home testing platform that tracks 100+ biomarkers across cardiovascular, metabolic, hormonal, and longevity pathways. Completing the ecosystem play, Ultrahuman launched Vision Board – transforming personal wellness into a group sport. It allows coaches to monitor athletes' recovery, families to track sleep patterns, and teams to build accountability through shared health goals. Power in Your Pocket: Mysa Makes Business Finance Mobile-FirstMysa (Fund IV) is transforming business financial operations with its new mobile app that puts complete payment control in your pocket. The app brings Mysa's signature Tally integration to smartphones, ensuring every bill, PDF, approval, and comment stays synced with your Tally vouchers. Early adopters report reducing payment processing time from 21 to 4 days while maintaining compliance. The launch marks a significant step toward Mysa's vision of making business finance as seamless as personal banking. Future Forward: SquadStack.ai Rewrites Customer Interaction RulesSquadStack (Fund II) unveiled its evolution to SquadStack.ai, marking a strategic pivot towards AI-native customer interaction solutions. Built on 3 billion structured customer interactions and a 10,000-strong remote talent network, the platform now features humanoid AI agents managing significant customer interactions. Climate-tech FrontiersPixxel's Fireflies Ready to Light Up Earth’s SecretsPixxel (Fund III) achieved a new milestone as its next batch of Firefly satellites cleared Pre-Shipment Review and began launch site preparations. With three satellites in orbit, this deployment will expand their hyperspectral constellation, bringing the company closer to comprehensive Earth observation capabilities. Clean Tech's New Home: Carbon Clean's Mega-Lab Launches in MumbaiCarbon Clean (Fund I vintage) marked a milestone with the inauguration of its 77,000 sq ft Global Innovation Centre (GIC) in Navi Mumbai – one of the world's largest carbon capture research facilities. The center houses two carbon capture plants and state-of-the-art laboratories for solvent development, analysis, and testing.
See you next month. Team Blume In Full Blume gives you a lowdown on what our portfolio companies and team members have been up to in the past month. You may want to check out Blume Fieldnotes, another newsletter from Blume’s stable, that curates the best reads and unmissable insights amassed by the team. Stay tuned.
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Wednesday, 6 August 2025
In Full Blume | From Corner Shops to Cosmic Shots | July 2025
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