Archive for the ‘Money Matters’ category.
Fab.com (co-founded & developed in Pune) raises $40 million
Fab.com, an online ‘deals’ website specifically targeting ‘design’ items, and co-founded by True Sparrow Systems, has just closed a $40 million round of funding led by Andreessen Horowitz. Fab.com started off as Fabulis, a social network for the gay community, but pivoted to a daily design deals site. This is the second Pune-startup by Jason [...]
Pune’s InnovizeTech receives Rs. 4.5cr funding from Seed Enterprises
Pune based startup, InnovizeTech software, which makes productivity measurement software, has just announced that it has closed a Series-A investment of Rs. 4.5 crores from Seed Enterprise. Seed Enterprise is a newly established fund focusing on software products in emerging markets. It has been started by Mitesh Bohra, Avinash Sethi, and Siddharth Sethi (previously co-founders [...]
Pune-based Druva get $12M in Series B from Nexus/Sequoia – This time its official
Pune-based Druva software, which makes enterprise backup software, has just cosed a $12 million round of funding from Nexus Venture Partners and existing investory Sequoia. In April 2010, they had raised $5 million from Sequoia and the Indian Angel Investors. This funding is going to be used by Druva to make a strong push into [...]
Pune Startup YourNextLeap.com get Series A Funding
Pune based startup, YourNextLeap.com, whom we covered last November as a company to watch, has just announced that they have received Series A funding from Nirvana Venture Advisors. YourNextLeap is a website targeting students and provides guidance on what university they can/should apply to after engineering, or after 12th std. They have online tools like [...]
News of Druva’s funding was inaccurate and premature
On Friday, based on an Economic Times report, we reported that Pune-based enterprise backup software provider Druva has received $10 million in funding from Nexus VP. Unfortunately this news appears to be inaccurate. Here is a comment from Jaspreet Singh, CEO of Druva: Thanks Navin, but this news is not very accurate. This was unethically [...]
Backup Software Provider Druva.com get $10 million funding from Nexus
Update: It appears that the report in ET, on which this article is based, was inaccurate. Please see this update. Pune-based startup Druva, which sells enterprise backup software, has just closed a second round of funding worth $10 million from Nexus Venture Partners, reports Economic Times. In April 2010, Druva had raised $5 million from [...]
TiE Pune Seminar: To sell or not to sell – 24th Feb
What: TiE Pune Seminar on whether or not to sell your company, by Girish Godbole, CEO and Founder, CEO ally, Inc. When: 24th Feb, 6pm Where: Renu Electronics, Baner Road (Near Lexus Furniture) Registration and Fees: Free for TiE Members, Rs. 250 for others, mail namita.shibad [at] gmail [dot] com to register. Details: To most [...]
FREEconomics: The economics of free stuff
Last week, SICSR (Symbiosis Institute of Computer Studies and Research) hosted GNUnify, a conference on open source technologies, which attracted hundreds of students and other open source enthusiasts. Shirish has written a couple of posts on his blog about the talks he attended – read those to get a flavor of GNUnify (day 1, day [...]
Cloud Computing and High Availability
This article discussing strategies for achieving high availability of applications based on cloud computing services is reprinted with permission from the blog of Mukul Kumar of Pune-based ad optimization startup PubMatic Cloud Computing has become very widespread with startups as well as divisions of banks, pharmaceuticals companies and other large corporations using them for computing [...]
Archival, e-Discovery and Compliance
Archival of e-mails and other electronic documents, and the use of such archives in legal discovery is an emerging and exciting new field in enterprise data management. There are a number of players in this area in Pune, and it is, in general, a very interesting and challenging area. This article gives a basic background. [...]