Cloud data protection startup raises USD 80 million
Founders: Jaspreet Singh along, Milind Borate and Ramani Kothandaraman
Founded in: 2008
Financing status: USD 80 million for undisclosed round in 2017
Druva has raised USD 80 million in a new funding round led by Riverwood Capital Ventures. Existing investors that participated in this round included Sequoia Capital India, Nexus Venture Partners, NTT Finance, Tenaya Capital and others.
This Silicon Valley-based cloud data protection startup was founded in 2008 in Pune by Jaspreet Singh, Milind Borate and Ramani Kothandaraman. Singh previously worked as a technical person at Veritas under its storage foundation group.
Druva provides cloud data protection and information management solutions. It aims to create a cloud platform which helps customers navigate through data risks. The startup’s solutions collect data, and unify backup, disaster recovery, archival and governance capabilities onto a data set. This helps reduce the risk, cost, and complexity of managing information. The startup claims that they have provided service to over 4,000 global organizations with over 25 petabytes of data under management.
With the new funds, Druva aims to accelerate research and development and expand globally.
Online grocery startup Milkbasket attracts Chinese investor Lenovo Capital and Incubator Group
Founders: Anant Goel, Ashish Goel, Anurag Jain, and Yatish Talvadia
Founded in: 2015
Financing status: Undisclosed amount for pre-Series A round in 2017
Lenovo Capital and Incubator Group (LCIG), founded last year in Beijing, is the investment arm of the Chinese leading hardware manufacturer Lenovo Group. LCIG focuses on core-technology and internet-related areas including cloud computing, big data, artificial intelligence, robotics and internet services.
Milkbasket was launched in 2015 by INSEAD graduates Anant Goel, Ashish Goel, Anurag Jain, and Yatish Talvadia.
Milkbasket provides milk and grocery delivery service to its users after 7am every day. Its app is available on both Android and iOS systems. The startup claims to offer more than 5,000 products on their platform.
Earlier in April 2016, Milkbasket received USD 500,000 for its seed round of funding. That round was led by EVC Ventures, China’s Zhu Dao Investments and a group of other investors.
The startup will use the new investment to expand its operations in Gurugram and recruit talents for their team.
Other players in this area in India include RainCan, MrNeeds, Doodhwala, Supr Daily and others.
(Top photo from Pixabay)