# Ashish Fafadia

> Ashish Fafadia is a seed investor at Blume Ventures backing Financial Services and Finance. See 24 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Blume Ventures](https://shizune.co/investors/profile/blume-ventures)
- Location: Mumbai, India
- Total investments: 24
- Last investment: Mar 2026
- Lead investor: 33%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/ashish-fafadia-4a7a415

Ashish Fafadia is a seed investor at Blume Ventures in Mumbai focused on Financial Services and Finance. Ashish (CA, CS and DISA - ICAI), is Principal and part of Investment / Core Blume Team apart from Fund Management responsibilities. Over a career of 12 years he has worked across diverse sectors including Treasuries of reputed Banks like State Bank of India and Standard Chartered Bank, Times Group (India), setting up a Business and InvestmentManagement firm, etc. He has also been a visiting faculty at various industry associations and reputed Management Institutes in India for their Masters Programs as well as Corporate Training sessions.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 5 | 21% |
| Finance | 3 | 13% |
| E-Commerce | 3 | 13% |
| Banking | 2 | 8% |
| FinTech | 2 | 8% |

27 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 7 | 29% |
| Series A | 6 | 25% |
| Series B | 2 | 8% |
| Series D | 2 | 8% |
| Series E | 1 | 4% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 10 | 42% |
| United States | 1 | 4% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ozi | Ozi operates as a quick commerce platform for parents. | $6.2M | Series A | Mar 24, 2026 |  |
| Mysa | Mysa is a Unified Finance & Banking Platform for Mid-Sized Businesses | $3.4M | Seed | Jan 27, 2026 |  |
| Aerem | Aerem is a fintech company that helps businesses and commercial enterprises harness the power of the sun and reduce electricity costs by up to 70%. The company is dedicated to helping businesses and enterprises adopt clean energy solutions, significantly reducing their electricity costs. Aerem aims to simplify solar adoption for micro, small, andmedium enterprises (MSMEs) and homeowners across India. | $15M | Series B | Jan 20, 2026 |  |
| PowerUp Money | PowerUp is a financial technology company that provides innovative solutions for personal finance management. | $12M | Series A | Dec 22, 2025 |  |
| Optimo Capital | Optimo Loan is committed to promoting financial inclusion in the small business community and having a positive social impact.Our financing solutions are designed to empower businesses, regardless of their size or background, to achieve their growth ambitions and drive economic progress. | $17M | Series A | Oct 28, 2025 |  |
| PowerUp Money | PowerUp is a financial technology company that provides innovative solutions for personal finance management. | $7.1M | Seed | Jun 11, 2025 |  |
| Aerem | Aerem is a fintech company that helps businesses and commercial enterprises harness the power of the sun and reduce electricity costs by up to 70%. The company is dedicated to helping businesses and enterprises adopt clean energy solutions, significantly reducing their electricity costs. Aerem aims to simplify solar adoption for micro, small, andmedium enterprises (MSMEs) and homeowners across India. | $11.7M | Series A | Apr 04, 2025 |  |
| goStops | Gostops (https://www.gostops.com/) is a brand of youth hostels in India that aims to make great quality travel and living spaces accessible to the youth. | $4M | Series A | Mar 10, 2025 |  |
| Multipl | Multipl is a financial application platform that helps people with their savings, investments, payments and spending money. | $1.4M | Seed | Jul 17, 2024 |  |
| Purplle | Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India. | $179.7M | Series F | Jun 12, 2024 |  |

10 of 24 investments shown.

## Co-investors
- [Gunosy Capital](https://shizune.co/investors/profile/gunosy-capital) — VC Fund, 4 deals together
- [Peak XV Partners](https://shizune.co/investors/profile/sequoia-india-2) — VC Fund, 4 deals together
- [8i Ventures](https://shizune.co/investors/profile/8i-ventures) — VC Fund, 3 deals together
- [Avaana Capital](https://shizune.co/investors/profile/avaana-capital) — VC Fund, 3 deals together
- [Kedaara Capital](https://shizune.co/investors/profile/kedaara-capital) — VC Fund, 3 deals together
- [Neon Fund](https://shizune.co/investors/profile/neon-fund) — VC Fund, 3 deals together

## About Blume Ventures

VC Fund · Mumbai, India

Blume Ventures provides pre-series A and early stage funding to tech-focused/tech-enabled ventures. They are typically the first institutional investors in their portfolio companies and invest for about 8-10 years. They are proponents of a collaborative approach and like to co-invest with like-minded angels and seed funds. They then providefollow-on investments to their stellar portfolio companies.

5 contacts available at Blume Ventures.

| Name | Title | Profile |
| --- | --- | --- |
| Arpit Agarwal | Director | https://shizune.co/investors/profile/arpit-agarwal |
| Ashish Fafadia | Partner | https://shizune.co/investors/profile/ashish-fafadia |
| Jatin Madhra | Investment Team | https://shizune.co/investors/profile/jatin-madhra |
| Karthik Reddy | Co-founder & Managing Partner | https://shizune.co/investors/profile/karthik-reddy |
| Kunal Bajaj | Head of Capital Network | https://shizune.co/investors/profile/kunal-bajaj-7c4e |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Ashish Fafadia invest in?

Ashish Fafadia invests primarily in Financial Services, Finance and E-Commerce startups, most often at Seed and Series A stage. Most of the 24 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Ashish Fafadia last invest?

The most recent investment recorded for Ashish Fafadia closed in Mar 2026. Shizune tracks 24 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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