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Cloud data protection and Tech management company Druva, which started its journey in India in 2008 and has surpassed $100 million in annual recurring revenue (ARR), crossed $1 billion in valuation last year with over 4,000 customers globally on board.
Founded by CEO Jaspreet Singh and Milind Borate (co-founder and CTO) in Pune, Druva has nearly 500 employees in Pune out of over 800 globally. The entire R&D work is being done from India.
The firm has so far received $328 million in funding.
Singh’s product vision allowed Druva to be one of the fastest-growing companies in the $28 billion data protection and management market.
His market and technology insights have created the first and only Cloud native, the Data Management-as-a-Service (DMaaS) company, delivering innovative technology solutions and distinctive consumption models that are disrupting the classic data protection market.
Prior to starting Druva, Singh held foundational roles at Veritas and Ensim Corp. Additionally, he holds multiple patents and has a BS in Computer Science from the Indian Institute of Technology, Guwahati.
“As others introduce solutions in the category we have pioneered, Druva is accelerating growth, expanding data protection capabilities and cementing ourselves as the clear category leader,” said Singh.
From engineering major Larsen & Toubro (L&T) to professional services firm PwC India, Druva which now has its headquarters in Sunnyvale, California, has a large footprint in the new financial services sector in the country.
Funded by Sequoia Capital, Viking Global Investors, Tenaya Capital, Riverwood Capital and Nexus Partners, Druva now serves more than 10 per cent of the Fortune 500 companies, including firms such as Flex, Hitachi, Live Nation, Marriott and Pfizer.
More than 600 customers rely on Druva to protect data centre workloads, a number that has grown by 70 per cent in a year. Over 800 customers are protecting their Cloud workloads (SaaS applications and AWS workloads) — a figure that has almost doubled in the last 18 months.
KRISHNA KUMAR, FOUNDER AND CEO, CROPIN
Agri-tech startups in India received more than $248 million funding in the first half of 2019, a growth of 300 per cent as compared to the same period in the previous year, according to IT industry body Nasscom.
Growing at the rate of 25 per cent year-on-year, the country currently hosts more than 450 startups in the agritech sector, said the report titled “Agritech in India – Emerging Trends in 2019”.
One shining example in this field is CropIn — an agriculture technology solutions startup that is delivering future-ready farming solutions to the agricultural sector worldwide.
Thus far, CropIn has digitised over 5.5 million acres of farmland and enriched the lives of nearly 2.1 million farmers, while gathering data on 384 crops and 3,662 crop varieties in over 46 countries. The SaaS solutions offered by CropIn are crop and location-agnostic, which are available on the Web and for mobile devices.
The idea of providing Software-as-a-Service (SaaS)-based services to agribusinesses came to Krishna Kumar, Founder and CEO of CropIn, after observing the agrarian crisis looming large on the rural areas of Karnataka in 2010.
Taking a resolution on doing his bit to prevent farmers’ suicide and avert the agrarian crisis, Kumar left his high-rising career at GE and set up CropIn Technology Solutions — an agriculture technology solutions startup that would address several pain points of millions of farmers across the country.
“The world population is expected to cross the 10 billion-mark by the middle of the century and its combined impact with urbanisation and the rise of middle class is bound to create a higher demand for healthy, fairly produced and sustainable food, which would require the current produce to double by that time,” said Kumar.
“In meeting this goal, smart agri-tech solutions would prove instrumental by optimising agricultural practices, minimising waste, developing climate resilience and providing timely agricultural advisory,” he added.
In a recent interaction with IANS, Kunal Prasad, co-founder and COO, CropIn, said that with capabilities of live reporting, analysis, interpretation and insight that span across geographies, the startup is digitising every farm, while data-managing the entire ecosystem.
“Our smarter agri solutions are powered in real-time for farmers to archive patterns, predict trends, and to make a blueprint for their business in the times to come,” he said.
MADHAV SHETH, CO-FOUNDER AND CEO, REALME INDIA
If one smartphone maker has stood out for its rapid growth in the Indian market this year, it has to be realme. Set up less than two years ago by its founder Sky Li and Madhav Sheth in India, realme is today India’s fourth largest smartphone brand.
From 6 per cent market share in Q1 of 2019, it grabbed 14.3 per cent market share at the end of Q3, according to IDC, and a lot of credit for the brand’s spectacular growth must go to its India CEO who is leading the company from the front.
Sheth (39) spearheads the company’s market operations, strategy development, product engineering, business development and brand building initiatives alongside others.
Born in Mumbai, Sheth did his MBA in finance and sales from Narsee Monjee Institute of Management Studies. In 2017, he joined OPPO as the Sales Director where he was majorly focusing on the expansion of offline sales management. On May 4, 2018, realme was officially established.
However, Sheth, who is very active on social media platforms, gives credit to his team and the growing user base for the rise of the brand.
After carving out a niche for itself in the India smarphone market, especially in the budget segment, Sheth is now focusing on building realme as a tech lifestyle brand.
“We are in line with our outlook of being a tech lifestyle company targeted towards the millennials,” Sheth told IANS recently.
The company has already launched true wireless earphones for Android. It is now focusing on introducing Internet of Things (IoT)-based products this year which will include audio and wearables. In his #AskMadhav show on YouTube, Sheth last month hinted that the company is currently working on a fitness tracker in India.
A workaholic by nature, Sheth is also a bibliophile and can be seen playing squash in his spare time. Currently, he lives in Gurugram with his family.
GIRISH MATHRUBOOTHAM, CEO, FRESHWORKS
Not many Indian startups have a global story to tell, but Cloud-based software company Freshworks with its roots in Chennai has evolved into a business valued at $3.7 billion with 12 global offices and a California-based headquarters.
Founded in October 2010 in Chennai as Freshdesk, Freshworks is backed by Accel, Tiger Global Management, CapitalG and Sequoia Capital India and employs over 2,500 people worldwide.
The company’s Cloud-based suite is widely used by over 150,000 businesses around the world including the NHS, Honda, Rightmove, Hugo Boss, Citizens Advice, Toshiba and Cisco.
The company — run by founder and CEO Girish Mathrubootham with major technical and sales operations in Chennai, Bengaluru and Hyderabad — received series H funding of $150 million in November.
Prior to founding Freshworks, Mathrubootham was the VP of Product Management at ManageEngine, a division of Zoho Corp, where he was responsible for setting worldwide product strategy and overseeing product marketing, product management and customer support.
The Hyderabad office of Freshworks establishes a major product development centre for Freshworks, which immediately plans to scale operations and hire over a 100 engineers for the 15,000 sq ft office located in the financial district of Nanakramguda.
The company is now eyeing the 51 million-strong small and medium businesses (SMBs) in India to provide innovative customer engagement software to them.
According to Tejas Bhandarkar, Head of Product, Freshworks Platform, they started off with a focus on SMBs and startups and have not given up on them.
“As a Software-as-a-Service (SaaS) vendor, it is our job to empower companies of all sizes enjoy the benefits of an agile, scalable and seamless Cloud experience. We are here to democratise disruptive technologies for all, making it easy for teams to acquire, close and keep their customers for life,” Bhandarkar told IANS recently.
HARSHVARDHAN LUNIA, CO-FOUNDER AND CEO, LENDINGKART
Termed as a potential unicorn by Nasscom, fintech startup Lendingkart Technologies was co-founded by Harshvardhan Lunia in 2014 with the aim of transforming small business lending.
Lendingkart has developed technology tools based on Big Data analysis, which facilitates lenders in evaluating borrower’s creditworthiness and providing other related services.
Before founding Lendingkart, Lunia spent more than 10 years working for major banks such as ICICI Bank, Standard Chartered Bank and HDFC Bank. An alumnus of Indian School of Business (ISB) at Hyderabad, Lunia, during his stint at HDFC Bank, was part of the team that started retail lending to small enterprises. In Standard Chartered Bank, he served as City Manager, SME Banking.
There he gained first-hand experience of lending to small enterprises across Gujarat in sectors like retail, apparels, jewellery, metals, ancillary industries and pharma.
As Relationship Manager, Investment & Corporate Banking, UK & Germany, at ICICI Bank, he was responsible for interacting with clients, understanding their requirements and structuring the deals, interacting with risk, credit, legal and operations and getting the deals executed.
After his stint at ICICI Bank that ended in December 2010, Lunia embarked on his entrepreneurial journey. Leaving a cushy job in London, he returned to his hometown Ahmedabad to start his own venture, Domestic Finance & Investment Private Limited, in the same year with the aim of designing and arranging innovative credit solutions for small & medium sized enterprises (SMEs) in India.
Lendingkart takes the same vision forward with the help of cutting-edge technologies. The Lendingkart Group also includes Lendingkart Finance Limited, a non-deposit taking Non-Banking Financial Company (NBFC), providing SME lending in India. Currently based in Ahmedabad, Bengaluru and Mumbai, the company serves across India.
Thirty-eight-year-old Lunia is a Chartered Accountant. (IANS)
Over the last one-and-a-half-year, people have been vocal about both mental and physical health in relationships. Even while miles away from one another, people kept checking on the health and well-being of their loved ones. However, one issue, i.e., breast cancer has been affecting women throughout the world, and it still needs much more focus and attention.
According to the World Health Organization, in 2020 itself, there were 2.3 million women diagnosed with breast cancer in the world. A report published by National Cancer Registry Programme (NCRP) estimates that breast cancer cases are likely to increase by nearly 20 per cent. Throughout the world, the tenth month of the year is recognized as the month of "Pink October" to raise awareness about breast cancer. The month should also be a celebration of encouraging the women in our lives to take the first step in this journey of staying in "Pink of Health". happen, an international dating app, conducted an in-app survey to understand how Indians discuss health issues like breast cancer with their partners. The survey gave a glimpse of whether health issues are impacting the life and relationships of singles.
41 per cent of users are not aware of examinations related to women's health
Forty-one per cent of users shared that they did not encourage the women in their life (mother, sister, friend, etc.) to go for checkups for issues related to health. Sixteen per cent of the respondents confessed that they did not remind women in their life to take examinations for their own health. It is important to note that regular self-examination is likely to detect breast lumps early. One in eight women will develop breast cancer in her lifetime. If it is detected in time, it will be cured in nine out of 10 cases.
41 per cent of users are not aware of examinations related to women's health. | Photo by Unsplash
49 per cent of users said, "Breast Cancer is not an impediment when in love"
A disease like breast cancer is likely to affect the confidence and self-esteem of women who are diagnosed with the same. With the change in the body, they might feel scared, less confident, and unloved at times. However, when questioned if breast cancer can be a deal-breaker for men, 49 per cent of them shared that it is not a problem.
When questioned if breast cancer can be a deal-breaker for men, 49 per cent of them shared that it is not a problem. | Photo by Angiola Harry on Unsplash
55 per cent believe talking about physical and mental health is no longer a stigma
The past year provided users with an opportunity to be open about their health issues--both mental and physical. Fifty-five per cent of users agreed that they are comfortable talking about such issues even when they still explore the relationship. Thus, establishing how the new generation is not shying away from breaking the taboo and stigmas around the notion of keeping one's health issues secret.
Fifty-five per cent of users agreed that they are comfortable talking about such issues even when they still explore the relationship. | Photo by Unsplash
40 per cent of users believe that a couple's everyday life can be affected by some health problems
A minimal headache can disrupt our whole routine for the day, so relationships are bound to be impacted by the health problems of our partner. Users shared that health issues can bring a little bit of tension and worry in the relationship with their partners. Health issues can be overwhelming for couples; thus, it becomes essential to voice your concerns to your partner. Sharing what you feel will provide you with clarity and make your partner your biggest support system. (IANS/ MBI)
Keywords: Indians, women health, relationship, breast cancer, mental health, examinations
One of the world's largest oil producers, Saudi Arabia, announced Saturday it aims to reach "net zero" greenhouse gas emissions by 2060, joining more than 100 countries in a global effort to try and curb man-made climate change.
The announcement, made by Crown Prince Mohammed bin Salman in brief scripted remarks at the start of the kingdom's first-ever Saudi Green Initiative Forum, was timed to make a splash a little more than a week before the start of the global COP26 climate conference being held in Glasgow, Scotland.
Although the kingdom will aim to reduce its emissions, Prince Mohammed said the kingdom would do so through a so-called "Carbon Circular Economy" approach. That approach focuses on still unreliable carbon capture and storage technologies over efforts to actually reduce global reliance on fossil fuels. The announcement only pertains to Saudi Arabia's efforts within its national borders and does not impact its continued aggressive investment in oil and exporting its fossil fuels to Asia and other regions.
"The transition to net zero carbon emissions will be delivered in a manner that preserves the kingdom's leading role in enhancing the security and stability of global energy markets, particularly considering the maturity and availability of technologies necessary to manage and reduce emissions," a statement by the Saudi Green Initiative forum said.
The kingdom's oil and gas exports form the backbone of its economy, despite efforts to diversify away from reliance on fossil fuels for revenue.
The global summit COP26 starting Oct. 31 will draw heads of state from across the world to try and tackle global warming and its challenges. It is being described as "the world's last best chance "to prevent global warming from reaching dangerous levels. The summit is expected to see a flurry of new commitments from governments and businesses to reduce their emissions of greenhouse gases.
Leaked documents first reported by the BBC emerged Thursday showing how Saudi Arabia and other countries, including Australia, Brazil and Japan, are apparently trying to water down an upcoming U.N. science panel report on global warming. The documents are purportedly evidence of the way in which some governments' public support for climate action is undermined by their efforts behind closed doors.
Saudi Arabia has pushed back against the recommendation that fossil fuels be urgently phased out of the energy sector. Instead, the kingdom is touting, thus enabling nations to continue burning fossil fuels by sucking the resulting emissions out of the atmosphere, according to Greenpeace, which obtained the documents.
The kingdom repeatedly seeks to have the report's authors delete references to the need to phase out fossil fuels, as well as the panel's conclusion that there is a "need for urgent and accelerated mitigation actions at all scales," according to the leaked documents
Earlier this month, the United Arab Emirates - another major Gulf Arab energy producer - announced it too would join the "net zero" club of nations with a target to reach net-zero emissions by 2050.
The UAE did not announce specifics on how it will reach this target but said its Ministry of Climate Change and Environment would work with the energy, economy, industry, infrastructure, transport, waste, agriculture and other sectors on the government's strategies and policies to achieve net zero by 2050.
The UAE says it is home to three of the largest solar facilities in the world and is the first country in the Middle East to deploy nuclear power. (VOA/RN)
Keywords: UAE, Oil Producer, Carbon Economy, COP26, Saudi Arabia
Apple has updated its App Store rules to allow developers to contact users directly about payments, a concession in a legal settlement with companies challenging its tightly controlled marketplace.
According to App Store rules updated Friday, developers can now contact consumers directly about alternate payment methods, bypassing Apple's commission of 15 or 30%.
They will be able to ask users for basic information, such as names and e-mail addresses, "as long as this request remains optional", said the iPhone maker.
Apple proposed the changes in August in a legal settlement with small app developers.
But the concession is unlikely to satisfy firms like "Fortnite" developer Epic Games, with which the tech giant has been grappling in a drawn-out dispute over its payments policy.
Epic launched a case aiming to break Apple's grip on the App Store, accusing the iPhone maker of operating a monopoly in its shop for digital goods or services.
In September, a judge ordered Apple to loosen control of its App Store payment options, but said Epic had failed to prove that antitrust violations had taken place.
For Epic and others, the ability to redirect users to an out-of-app payment method is not enough: it wants players to be able to pay directly without leaving the game.
Both sides have appealed.
Apple is also facing investigations from US and European authorities that accuse it of abusing its dominant position. (VOA/RN)
Keywords: Apple, App store, Epic, Games