Evolvence India, a hybrid investment firm known for backing MamaEarth and venture capital firms like Blume Ventures, has launched its fifth investment vehicle. The Mumbai-based firm is adapting its fundraising strategy, as stated by a senior executive. This shift aims to enhance their investment approach while maintaining their commitment to supporting innovative companies. Evolvence India’s strategic changes reflect its focus on evolving market conditions and investment opportunities, positioning the firm for continued growth in the competitive investment landscape.