Archive for the ‘News’ category.
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 [...]
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 [...]
Award winning PK Clean Technologies converts waste plastic to fuel in Pune
PK Clean Technologies, a US-based company, but whose 10000 sq.ft. pilot plant is in Pune, has just won the 3rd prize in a Business Plan Competition for environment-friendly technologies held at Rice University, Texas, USA. PK Clean has also 4 other prizes this year, including MIT’s Clean Energy Prize in 2011, and is in the [...]
FirstCry Pune-based Online Store for Baby Products gets $4 million funding
FirstCry, an online portal for baby products and toys, founded by Pune’s Supam Maheshwari and Amitava Saha has just raised $4 million from private equity company SAIF Partners. FirstCry works with 100+ vendors internationally to make available 4000+ items for online sales, and with free shipping. As their website says: Over time, we hope to [...]
Solid State Storage company STEC acquires Pune’s KQ Infotech
STEC Inc., a leader1 in solid state storage devices for the enterprise market, announced yesterday that it has a acquired KQ Infotech, a Pune based software services company. Regular readers of PuneTech will remember KQ Infotech as the company that runs the Mentor India internship program for students interested in systems programming, and also as [...]
“Pune Tech Industry’s 40% decline” was an April Fools Day Prank
Earlier today, we published an article saying Pune’s Tech Industry to decline 40% by 2020, Negligible startup activity – Vivek Wadhwa. As many of you guessed (and, hilariously, some of you did not) this article was an April Fools day prank. An April Fool prank post is a tradition here at PuneTech. This year, Hetal [...]
Pune’s Tech Industry to decline 40% by 2020, Negligible startup activity – Vivek Wadhwa
(Update: This article was a PuneTech April Fools Day Prank. A full apologyexplanation, is published here.) (For the last 6 months, Vivek Wadhwa, an entrepreneur academic, has been conducting a detailed study on the competitiveness of the tech industry in India, China and Indonesia. His detailed report is due next month, but since PuneTech was a [...]
Pune’s Webonise launches ‘AppBazar’ – Android Marketplace and Apps Contest for India
Webonise Lab, a Pune-based startup, is creating waves in the mobile apps space. Their mobile development arm Mobinise is set to launch an India specific mobile app store for Android phone users. This Android app store called “AppBazar” will have a strong ‘Indian’ flavour – right from Bollywood Masala apps to cricket and even religious [...]