When it comes to understanding the term startup, one can associate it with being a small business or organisation that aims to attain the considerable amount of outcome financially. These startup companies basically deal with technologies, such as Internet, e-commerce, computers, telecommunications, or robotics.

They aim to implement innovative processes that would help them reach the target markets. One such company is Druva, which is a start-up company that sells software. This Tuesday they announced, that they had received funding worth $51 million. A fundraiser was held where investor Sequoia India, with participation from other investors such as Singapore-based EDBI, Blue Cloud Ventures and Hercules Capital. The success of the start-up company proves that they are on the verge of becoming a successful and prosperous company.

start-up-druvaThe start-up company Druva is known to provide services that manage data storage and warehousing for disaster recovery compliance. The company has more than 400 employees and have the client base that includes NASA, Chipotle, Marriott, NBC Universal, the publication added.

The capital that was raised by the fundraiser, is going to be used for the increase and improvement of products and innovation. Apart from that, the capital would be used to bring forth better marketing and sales, that will help the company to increase their company’s global expansion plans.

Funding & Future Plans 

According to the founder and CEO of the start-up enterprise Jaspreet Singh, we come to know about the future plans of the enterprise. They plan to come up with such changes and improvements that would help the enterprise attain the desired goal of success and income. The start-up enterprise Druva is known to competes with large enterprises such as Symantec Corp, HP Enterprise and EMC Corp, and proudly states that the new capital that they had raised in the successful fundraiser recently will help them to provide the best possible service to the customers  apart from coming up with noteworthy notable innovations, partnerships and additional global expansion.

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