Archive for the ‘News’ category.
Faster-than-light camera invented by MIT’s Ramesh Raskar (ex-Punekar)
Actually, the headline of this article contains a number of inaccuracies. First, the research is just by Ramesh Raskar, but is the work of a group of people, and Ramesh Raskar, Associated Professor at MIT’s Media Lab, and Director of the Camera Culture Group is one of the people in the group. Second, the camera [...]
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 2011-2012 Budget Analysis by Janwani and Parisar
Pune is one of the few cities in the country that regularly and promptly publishes its annual budget on its website. Pune NGOs Janwani and Parisar have analysed the budget and published the analysis so that everybody can get a better idea of where our tax money is being spent. You can download Janwani’s PMC [...]
Will Pubmatic be Pune’s First Software Product Company IPO?
Online ad optimization platform maker, PubMatic, which is developed wholly out of Pune, has just hired Steve Pantelick, a CFO who specializes in preparing companies for an IPO, reports VC Circle. Earlier, Business Insider ran a story claiming that Pubmatic had gotten an offer of $300 million from Amazon, but turned it down in favor [...]
2 Cleantech Companies With Pune Links Make Us Proud
(This is an email that Anil Paranjape sent to the PuneStartups. It is reproduced here with permission.) Two emerging cleantech companies with very strong links to Pune have made us proud recently. Pune based ‘First Energy’, one of the pioneers in the clean burning stoves business, was recently chosen as one of the ‘Technology Pioneers [...]
Encrypted Video Distribution Platform Idea, L3, wins Wipro-Wharton Award
A new idea for a video distribution platform called L3, by Pune’s Prof. Anil Gupte, has won the “best Customer-centric New Idea” award in the Wipro-Wharton Innovation Tournament, 2011. Here is a video of Anil Gupte giving an overview of L3: If you don’t see a video above, click here to see it on YouTube [...]
The Pune Effect or Why every technology conference must come to Pune
“The Pune Effect: Any tech (un-)conference that happens in multiple cities in India will have its highest attendance when it comes to Pune” It probably started in Sept, 2008, when PHPCamp got 1200+ online registrations, and 700+ people actually turned up, making it the largest unconference in India. The following year, we organized an “Internship [...]
Pune’s Anil Paranjape joins cleantech fund Infuse as Venture Partner
Anil Paranjape, an active member of the Pune Tech community, one of the driving forces behind PuneCleanTech, director at FusionTech Ventures, (and owner of Grubshup Restaurant) is joining a new cleantech fund, Infuse, as a Venture Partner. Here are details of the announcement in his own words: I am happy to announce my association with [...]
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 [...]
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 [...]