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Venture Capital | 12 April 2012

Insieve Raises Funds From Ojas Ventures, Blume Ventures

by Charmi Gutka
Insieve Raises Funds From Ojas Ventures, Blume Ventures
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Inseive has raised angel funding led by Ojas Ventures and Blume Ventures.

Post funding, Gautam Balijepalli and Rajesh Srivathsa will join the Insieve board and Karthik Reddy of Blume Ventures will serve an observer.

Insieve, the company behind Dhiti product is a sharing network that learns what you share (within your network) and recommends content based on one’s reading behavior (as well as from the network).

Mitsui Sumitomo Acquires New York Life Stake In Max New York Life

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Druva raises $51m from Sequoia, EDBI and others

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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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