Cloud startup Armor5 receives $2M in seed funding from Nexus Venture Partners, Trinity Ventures & Citrix Startup Accelerator

California-based Cloud startup Armor Inc, which was incorporated by a bunch of Indian-origin entrepreneurs, has received $2M in seed funding from Nexus Venture Partners, Trinity Ventures and Citrix Startup Accelerator. Trinity Ventures led the funding in the startup, which has come out of stealth...

Sainul K Abudheen

CloudByte eyes $25B global data storage market; how it is faring

Bangalore and California-based CloudByte Inc., which offers data centre storage solution for cloud service providers and enterprises, is eyeing the $25-billion global storage market with its recently-launched ElastiStor product, according to a top executive of the company. The company has so far ba...

Sonam Gulati

13 potential e-commerce M&As to watch out for in India in 2013

In 2012, we had seen the beginning of some serious consolidation in the Indian e-commerce space – a segment which has been a darling of venture capital investors for the past two-three years. We had seen Flipkart buying out and later downing the shutters on the electronics e-tailer Letsbuy; Myntra...

Sainul K Abudheen

Inventus gets $70.3M commitment for early-stage investment fund

Inventus Capital Partners, an India-focused, early-stage investment fund, has received $70.3 million commitment from various investors for its second fund. The firm is yet to make a formal announcement but earlier, its management told Techcircle.in it was eyeing the first close at $70 million. When ...

Sainul K Abudheen

Nexus Ventures-backed online video management startup Kaltura raises $25M

Open Office-based online video platform Kaltura Inc, has raised $25 million in Series D from Mitsui Global Investment and Orix Ventures, with participation from existing investors Intel Capital, 406 Ventures, Avalon Ventures and India-based Nexus Venture Partners. The New York-based startup, which h...

Vrishank Chandavarkar

Netmagic CEO on life after NTT acquisition and where datacentre business is headed

Sharad Sanghi is one of the pioneers in Indian datacentre business. He founded Netmagic Solutions, now one of India’s largest datacentre solutions companies,  in 1998. The company later ventured into high growth niche services like disaster recovery, Cloud technology and application hosting....

Anand Rai

Nexus Venture Partners, True Ventures invest $3.2M in Helpshift, an in-app customer support platform

Helpshift Inc., an in-app customer support platform, has raised $3.2 million in seed funding from Nexus Venture Partners and True Ventures. Set up in 2011, the San Francisco-headquartered startup offers mobile solution as SaaS, hosted in the Cloud. It currently provides support for Apple devices (iO...

Sainul K Abudheen

Bangalore-headquartered Datagres raises $2M Series A funding from Nexus Venture Partners

Bangalore-based new data management platform Datagres Technologies has secured $2 million (~Rs 10.6 cr) in Series A funding from Nexus Venture Partners (NVP). The company will use the funds to expand its footprint in the US and Asian markets. As part of the agreement, Sandeep Singhal of Nexus Ventu...

Madhav A Chanchani

India entering unparalleled, unique era of technology innovation: Nexus Venture Partners’ Naren Gupta

Nexus Venture Partners recently closed its third fund with commitments of $270 million, taking its assets under management to nearly $600 million. The fund has seen participation from all existing limited partners, given that Nexus has notched up half a dozen exits. While most of venture firms’...

Anand Rai

Nexus-backed ScaleArc joins Global Cloud Network to bring enhanced database infrastructure solutions to emerging markets

Mumbai and Silicon Valley-based database infrastructure software developer ScaleArc, Inc. has joined the Global Cloud Network (GCN), an alliance of mobile carriers who run their mobile cloud and IaaS (infrastructure as a service) platforms on Joyent’s data centre fabric. Joyent, Inc. is a cloud in...