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 leaked and then misreported by Peerzada (abrar.shz@timesgroup.com) of ET for some cheap thrills.

Not sure when would people this these grow up and stop screwing lives of entrepreneurs who are already fighting against all the odds.

You have been a great supporter and I would give you a call sometime next week to give accurate information and some more good news.

Basically, Druva is indeed in an advanced stage in their second round funding process, but it is not done yet, and they cannot talk about the details of the amount or the investors involved. The details that came out in the ET report are inaccurate.

We wish Druva luck, and hope to hear the official good news sometime soon.

One thought on “News of Druva’s funding was inaccurate and premature

Leave a Reply

Your email address will not be published. Required fields are marked *