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Home / News / Business News / Pune-based startup Druva raises $51 mn in funding
  • Business

    Pune-based startup Druva raises $51 mn in funding

    Vijaya
    Written by
    Vijaya
    Mail
    Last updated on Sep 30, 2016, 08:30 am
    Pune-based startup Druva raises $51 mn in funding
  • Pune-based data protection solutions start-up Druva Inc. announced that it raised $51 million in funding.

    The fresh round of funding was led by Druva's existing investor Sequoia Capital India, joined by new investors - Singapore-based EDBI, Blue Cloud Ventures, and Hercules Capital.

    It also included contributions from the firm's existing investors including NTT Finance, Nexus Venture Partners and Tenaya Capital.

  • In this article
    Druva Inc, the foundation The various rounds of funding Series D funding Pune-based startup Druva raises $51 mn in funding New funding brings the total capital to $118 million
  • Startup summary

    Druva Inc, the foundation

    Druva Inc, the foundation
  • Druva Inc. was founded by Jaspreet Singh, Milind Borate, and Ramani Kothandaraman, in 2008.

    It started with a disaster recovery software before switching to data protection.

    Druva provides data protection and governance services to over 4000 mid-to-large enterprise customers across industries including technology, manufacturing, healthcare, education, government, retail, and financial services.

    EMC Corp, Symantec Corp, HP etc are among its competitors.

  • Series A,B,C

    The various rounds of funding

    The various rounds of funding
  • Druva's angel funding came from Indian Angel Network (IAN) in 2008.

    In 2010, it raised Series A funding of $5 million, from Sequoia and IAN.

    Druva went on to raise Series B funding for $12 million, in 2011. This was led by Nexus Venture Partners with contribution from Sequoia.

    Series C funding of $25 million came in 2013 from Sequoia, Nexus and Tenaya Capital.

  • Information

    Series D funding

  • Months after the Series C round of funding, Druva raised $25 million in Series D from the existing investors Sequoia, Nexus and Tenaya Capital, in 2014.

  • 30 Sep 2016

    Pune-based startup Druva raises $51 mn in funding

    Pune-based startup Druva raises $51 mn in funding
  • Pune-based data protection solutions start-up Druva Inc. announced that it raised $51 million in funding.

    The fresh round of funding was led by Druva's existing investor Sequoia Capital India, joined by new investors - Singapore-based EDBI, Blue Cloud Ventures, and Hercules Capital.

    It also included contributions from the firm's existing investors including NTT Finance, Nexus Venture Partners and Tenaya Capital.

  • Details

    New funding brings the total capital to $118 million

    New funding brings the total capital to $118 million
  • The $51 million Series E funding brings Druva's total capital raised to $118 million.

    This includes the strategic investment it received from NTT Finance, in April 2016.

    The new funding will reportedly be used to accelerate product innovation and for enhancing product capabilities, besides furthering marketing efforts and global expansion.

    According to Druva's co-founder Milind Borate, "the company is now marching towards an IPO".

  • IPO
  • Sequoia Capital India
  • Nexus Venture Partners
  • Indian Angel Network
  •  
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