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Mergers & Acquisitions | 29 September 2016
Druva raises $51m from Sequoia, EDBI and others

Druva raises $51m from Sequoia, EDBI and others

Sunnyvale, California-based Druva Inc., a cloud-first data protection solution provider, announced receiving $51 million in funding. This round of funding was led by existing investor Sequoia India, along with participation of new investors such as Blue Cloud Ventures, Hercules Capital, and Singapore-based EDBI. Existing investors like Japan’s NTT Finance (financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation), Nexus Venture Partners and Tenaya Capital also contributed to this round.

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Mergers & Acquisitions | 29 September 2016
Automobile Classifieds Girnar Software and Indonesia based Emtek enter into a 70:30 JV

Automobile Classifieds Girnar Software and Indonesia based Emtek enter into a 70:30 JV

Girnar Software Pvt Ltd, an automobile classifieds company, has inked a Joint Venture (JV) with Indonesia based PT. Kreatif Media Karya (KMK). Girnar Soft has entered into this JV through its subsidiary CarBay Pte Ltd. PT. Kreatif Media Karya is the digital business arm of PT Elang Mahkota Teknologi Tbk (Emtek). Emtek is hailed as one of Indonesia's most distinguished media and content firms.

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