Archive for the ‘funding’ tag.
Pune based RainingClouds (AppSurfer) get 1cr Angel Funding
Pune based software startup RainingClouds Technologies has just raised Rs. 1cr in angel funding from Vijay Shekhar Sharma, founder of One97 Communications. RainingClouds makes AppSurfer, which allows people to access any android app from any browser. The funding happened as part of the Finale of the Super Angels show of ET Now. (We’ll update this [...]
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 [...]
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 [...]
Shift in Venue: Startup Saturday Shifted to Yashada
A few days back, we reported that Startup Saturday this month features Ganesh Natarajan and the Indian Angels Network, and will be on Saturday, 11th, 3pm to 6pm. Note, however, that there has been a last minute shift in venue for this event from the usual Startup Saturday location to Yashada on Baner Road. The [...]
Startup Saturday Event: Financing Your Venture – with Ganesh Natarajan / IAN – Sept 11
What: “Financing Your Startup” Startup Saturday Pune event with Indian Angels Network and Ganesh Natarajan When: Saturday, Sept 11, 3pm-6pm Where: MDC Hall V. 1st floor, Auditorium Building, YASHADA, Baner Road. Registration & Fees: This event is free for all. Register here Financing your venture – with Ganesh Natarajan / IAN Financing your venture is [...]