SaaS startup Druva becomes India's latest unicorn after raising $130m

SaaS startup Druva becomes India's latest unicorn after raising $130m

Druva founder and CEO Jaspreet Singh. Photo: Druva's Facebook page

Druva Inc., a Sequoia Capital-backed software-as-a-service (SaaS) company offering cloud data protection and management, has raised $130 million in a new funding round led by Viking Global Investors, valuing the company at over $1 billion, and in the process making it a so-called unicorn.

With the latest capital infusion, total capital raised by Druva stands at $328 million. The company last raised $80 million in 2017 in a funding round led by Riverwood Capital.

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