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Press Releases

Get in touch with the latest updates, press releases and upcoming events from Chiratae Ventures.

Press Release 07 June, 2023

Indian SaaS resilient, steady growth expected in 2023 and beyond

Explore the resilience of the Indian SaaS sector with steady growth projected for 2023 and beyond, as detailed in the latest report by Chiratae Ventures and Zinnov. Discover key trends and future opportunities.

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Press Release 03 May, 2023

Chiratae's Growth Fund-I closes at INR 1001 cr, 34% oversubscribed.

Chiratae Ventures announces the successful close of its Maiden Growth Fund-I at INR 1001 cr, oversubscribed by 34%. Learn more about this milestone and its impact on growth investments.

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Press Release 26 December, 2022

Indian SaaS to reach USD $ 100 Bn in revenues by 2026

Indian SaaS to reach USD $ 100 Bn in revenues by 2026, says a new report by Chiratae, Zinnov

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Press Release 26 December, 2022

Indian FinTech market to hit $1T AUM and $200B revenue by 2030

Discover insights from the latest report by Chiratae Ventures and EY, projecting the Indian FinTech market to reach $1 Tn in AUM and $200 Bn in revenue by 2030. Explore key trends and growth opportunities.

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Press Release 28 November, 2022

Chiratae's Growth Fund-I, oversubscribed, closes at INR 759 cr

Chiratae Ventures Growth Fund-I announces its first close at INR 759 cr, oversubscribed and demonstrating strong investor interest. Learn more about this milestone and its implications for growth investments.

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Press Release 21 July, 2022

India’s preventive healthcare sector to reach a value of USD $197 Bn by 2025: a report by Chiratae Ventures, Amazon Web Services (AWS) and Redseer

India’s preventive healthcare sector to reach a value of USD $197 Bn by 2025: a report by Chiratae Ventures, Amazon Web Services (AWS) and Redseer July 21, 2022 With a value of USD $93 Bn in 2021, the preventive healthcare sector accounts for approximately 36% of the overall healthcare industry As a result of the COVID-19 pandemic, the preventive healthcare sector is expected to grow at a Compound Annual Growth Rate (CAGR) of 22% during 2022-25, as compared to 15% for the curative sector Startups are at the forefront of driving preventive healthcare in India, leveraging digital technologies and unlocking the power of consumers’ health and lifestyle data at scale July 21, 2022: According to a report released by strategy consulting firm Redseer Strategy Consultants in collaboration with Chiratae Ventures and Amazon Web Services (AWS), India’s preventive healthcare sector, which includes fitness and wellness, foods and supplements, early diagnostics and health tracking among others, is projected to reach USD $197 Bn by 2025, growing at a CAGR of 22%. “India is looking to effectively deliver quality healthcare to a billion people through rapidly evolving technology that can provide affordable, accessible and personalized healthcare. We have invested over $150M in healthcare companies in India, such as Cure.fit, Redcliffe, HealthifyMe, Smiles.ai, HealthPlix, Onco, and others, who are revolutionizing care delivery in nutrition and wellness, cancer, genomics, and other critical areas,” said Sudhir Sethi, Founder, Chairman, Chiratae Ventures. India has traditionally focused on curative care as opposed to preventive care. However, since the COVID-19 pandemic, preventive care has increased in importance across India. A survey conducted with over 1,000+ individuals reveals that at least 40% of the respondents were highly inclined towards preventive health. Another survey conducted with a group of 300+ Health-Conscious Individuals (HCIs)* reveals that they actively track different aspects of their health such as lifestyle, physical wellness, and more, to maintain and prolong wellness. These HCIs are familiar with health monitoring devices and apps and use them regularly to monitor their health. Further, the study revealed that these HCIs spend on an average between INR 4,000 and INR 10,000 on various preventive healthcare practices annually and are also willing to pay up to 50% more in the future. More than 40 preventive healthcare technology (“HealthTech”) startups have raised approximately USD $1 Bn in funding over the last three years to tap the preventive health opportunity across segments such as nutrition management, condition management, lifestyle monitoring, health checkups, and mental and physical wellness. They are leveraging cloud computing to build and scale their applications, which generate, digitize and analyze vast amounts of health data using advanced technologies such as internet of things (IoT), data analytics, artificial intelligence (AI) and machine learning (ML). For instance, over 30% of the top 40 funded preventive HealthTech startups leverage AI/ML for use cases such as medical image analysis, document extraction, chatbots, personalization, and health risk prediction. The rollout of Ayushman Bharat Digital Mission (ABDM) will further augment the availability of data and utilization of these technologies. Kumara Raghavan, Head – AWS Startups India, Amazon Internet Services Private Limited said: “Startups are known for their ability to invent new solutions that address society’s problems and inefficiencies, and the digital transformation happening in India’s healthcare sector is an example. At AWS, we’re on a mission to empower the startups at the center of this change with the tools they need to build new digital healthcare solutions for the betterment of all Indians. AWS provides the security and privacy that HealthTech startups require, as well as the expertise and breadth and depth of services that founders can rely on to build transformative healthcare solutions to enhance the health and wellbeing of individuals. Cloud technologies like machine learning, analytics, and Internet of Things have the potential to open new channels to help monitor health and wellness, decrease the cost of care, improve collaboration, make data-driven clinical and operational decisions, and enable faster development of new therapeutics and treatment paths. Whether our customers are building telemedicine, remote monitoring, diagnostics, fitness, or personalized wellness solutions, we are committed to providing the tools that enable HealthTech startups to support preventive care.” Redseer’s report also said that not only startups, but diversified corporates and healthcare businesses, are entering the preventive health space by partnering with startups or building their own programs and digital platforms.The Indian consumer is expected to benefit from the shift from curative to preventive, with the delivery of better health outcomes and lower healthcare costs “Startups can unlock the potential of preventive healthcare in India by focusing on the 3A’s – Awareness, Accessibility, and Affordability for consumers. Creating more HCIs, tapping into existing ones and leveraging partnerships with corporates, providers, and insurers ways that can help move in this direction.” said Amitabh Kumar, Senior Manager, Redseer Strategy consultants. *Note: Health-Conscious Individuals (HCIs) refer to NCCS A (refers to households with the highest number of consumer durables owned, and with the highest level of education) individuals who have scored 40 or more on Health Consciousness Score (HCS). HCS is the sum of scores obtained on 10 different activities, rated on a scale of 1-5 (1 being never and 5 being always). These activities are eating regularly, sleeping 8 hours, exercising, drinking water regularly, visiting the doctor for annual check-ups, eating unhealthy foods in moderation, practicing stress relief activities, spending less time on screen, maintaining work-life balance and using self-monitoring tools. About Redseer Strategy Consultants Redseer Strategy Consultants is a leading strategy consulting firm. Founded in 2009, Redseer works with new-age consumer-focused businesses and offers growth advisory, digital strategy, and investments thesis. The company is a thought leader in the Internet economy space and is the most widely quoted consulting firm in the media. The company boasts of a 90% + market share of new-age IPOs. Zomato, India’s first major consumer tech IPO, and GoTo, one of the world’s largest consumer tech IPO, Nykaa, Paytm, Cartrade, and Delhivery are other noted IPO engagements of Redseer. The company also enjoys more than

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Press Release 16 October, 2018

India’s Largest Fertility Platform, Elawoman raises $3Mn in Series A led by Chiratae Ventures

11 October, 2018, New Delhi: Elawoman has raised $3 Mn in Series A funding round, led by Chiratae Ventures (Formerly IDG Ventures India) along with co-investor – Alkemi Venture Partners, a healthcare and consumption focused early growth stage fund.

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Press Release 09 October, 2018

IDG Ventures India Re-brands to Chiratae Ventures

Bangalore, Oct 9, 2018: IDG Ventures India, one of the country’s leading venture capital firms with over $470 m assets under advisory and a presence in 3 locations, has today announced a re-branding to Chiratae Ventures.

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Press Release 01 August, 2018

Cure.fit raises $120 million in Series C Funding

Health and fitness start-up Cure.fit announced today that it has raised $120 million in the series C round of funding. Led by IDG Ventures, Accel Partners and Kalaari Capital with participation from Chiratae Ventures and Oaktree Capital*,

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Press Release 31 July, 2018

Healthtech startup HealthPlix raises $3 M from IDG Ventures and Kalaari Capital

HealthPlix will use the funds to strengthen its technology and expand its team and services in other geographical markets.

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Press Release 25 April, 2018

Emotix – India’s first companion robotics start-up secures $2M funding led by IDG Ventures India

Mumbai, April 25, 2018: Emotix, a new age Indian robotics and consumer Electronics Company founded on the pillars of Artificial Intelligence, and Internet of Things has secured a $2M investment through funds advised by IDG Ventures India and YourNest.

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Press Release 23 November, 2016

Rentomojo Raises $2 million in Pre Series A from Accel Partners and IDG Ventures India

Rentomojo Raises $2 million in Pre Series A from Accel Partners and IDG Ventures India

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Press Release 04 November, 2016

POPxo raises USD 2 Million in Series A funding from IDGVI, Kalaari Capital and 500 Startups

New Delhi, 4th November 2015: POPxo, India’s first and fastest-growing community for young women, has raised $2 million in Series A funding. The investment round was led by IDG Ventures India and Kalaari Capital, with participation from 500 Startups.

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Press Release 06 September, 2016

Lenskart.com, the brand responsible for revolutionizing eyewear

Lenskart to gain out of Premji Invest’s extensive experience across retail brands The funding comes three months after IFC’s 400 crore investment in the brand

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Press Release 26 May, 2016

LBB is the first investment from IDGVI’s Digital Consumer Innovators Program

May 26, 2016: Little Black Book, a media-tech enterprise based out of New Delhi, has raised $1.2 million from IDG Ventures India and Indian Angel Network. Reaching out to over 1 million users every month, Little Black Book is currently available in Delhi and Bangalore

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Press Release 16 May, 2016

IDG Ventures India Launches Digital Consumer Innovators Program 2016

New Delhi & Bengaluru May 16, 2016: Leading tech-focused venture capital firm IDG Ventures India has launched a Digital Consumer Innovators Program to provide assistance to startups across consumer technology and digital media space

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Press Release 10 May, 2016

Mobile health and fitness startup HealthifyMe raises $6 million in Series A

Bangalore, 10 May 2016: India’s leading mobile health and fitness startup HealthifyMe, today, announced Series A funding of US$6 million led by IDG Ventures India, Inventus Capital and Blume Ventures. The funding comes just a year after they announced their

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Press Release 10 February, 2016

Aasaanjobs raises $5 million in Series A funding from Aspada Advisors, IDG Ventures, Inventus Capita

Mumbai, February 10th, 2016: Online marketplace for recruitment, Aasaanjobs recently raised $5 million in Series A round of funding led by Aspada Advisors with participation from existing investors. This was a follow-up from the seed round where the platform

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Press Release 03 November, 2015

India’s fastest growing bus – a ggregator Cityflo raises $750,000 from IDG Ventures

Mumbai, November 3, 2015:Cityflo, India’s largest and fastest-growing bus-aggregation startup, has raised a seed round of $750,000 led by IDG Ventures. Mumbai, November 3

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Press Release 09 September, 2015

Mr. Ratan Tata joins Advisory Board of IDG Ventures India as a Senior Advisor

Bangalore, September 09, 2015: India’s leading technology venture capital firm IDG Ventures India announced that Mr. Ratan Tata, Chairman Emeritus of Tata Sons, has joined their advisory board as a Senior Advisor.

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Press Release 18 March, 2015

IDG Ventures backed myNoticePeriod.com is rebranded as Hiree.com

Bangalore, May 18, 2015: myNoticePeriod.com, the company that pioneered just-in-time hiring and revolutionized recruitment in India, has rebranded itself as Hiree.com. The company has acquired 800+ paid customers in less than a year.

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Press Release 18 March, 2015

Tripoto Raises Pre-Series A Round From IDG Ventures India

March 18, 2015 New Delhi: Online travel community company, Tripoto, has raised its second round of funding led by IDG Ventures India. Existing investors Outbox Ventures also participated in the round. Karan Mohla from IDG Ventures India would be joining

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Press Release 13 March, 2015

IDG Ventures India, Naveen Tewari & Angel Investors invest in home rentals portal Nestaway Technolog

Nestaway is India’s first “managed home rental” marketplace attempting to provide better rental solutions via design and technology to singles in the cities. It turns unbranded, unfurnished houses into fully furnished & managed apartments and provide them at affordable prices to pre-verified tenants.

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Press Release 09 February, 2015

myNoticePeriod.com raises INR 18 Crores in Series A funding from IDG Ventures

myNoticePeriod.com raises INR 18 crores from IDG Ventures. It had earlier raised over INR 2 crores from individual angel investors and IDG Ventures, in September 2014.

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Press Release 02 February, 2015

FirstCry Raises $26M Financing Round from Valiant, IDG, Vertex, and SAIF

February 2, 2015: Valiant Capital Partners, led a $26 million Series D investment into Brainbees Solutions Pvt Ltd, which owns the ‘FirstCry.com’ brand, India’s #1 baby and kids focused e-commerce site. San Francisco-headquartered Valiant Capital,

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Press Release 29 December, 2014

SuperProfs.com raises $3M Series A from Kalaari Capital and IDG Ventures

Bengaluru, December 29, 2014. Bengaluru-based SuperProfs.com, a product of Aurus Network, has raised $3 Million from venture capital firms Kalaari Capital and IDG Ventures India. This round of funding will be used for scaling up its product offerings

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Press Release 04 September, 2014

myNoticePeriod.com gets funding from IDG Ventures and angel investors

Bangalore, 4 September 2014: India’s fastest growing recruitment startup myNoticePeriod.com announced that it has raised over 2 Crores in Seed Round funding, led by IDG Ventures India. Other investors include Prashant Kirtane, CTO and co-founder of travelmob.com, Shamsunder

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Press Release 28 July, 2014

SaaS company Peel-Works raises Series A funding from Inventus Capital & IDG ventures

Mumbai, July 28, 2014: Peel-Works, the leading SaaS and big-data analytics company enabling sales-force & traditional trade transformation, has raised a Series A round of $2 million from Inventus Capital Partners and IDG Ventures India.

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Press Release 11 April, 2014

Yatra.com Raises Rs.140 crore in Funding

New Delhi, April 16, 2014: Yatra Online Travel Pvt. Ltd. (‘Yatra’), one of India’s largest online travel companies, today announced a Rs 140 crores funding round led by new investors IDG Ventures and Vertex Venture Management Pte. Ltd.

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Press Release 31 January, 2014

IDG Ventures India and Ascent Capital invest in Newgen Software

Newgen Software, a leading global provider of Business Process Management (BPM), Enterprise Content Management (ECM) and Customer Communication Management (CCM) solutions has raised equity capital from IDG Ventures India and Ascent Capital

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Press Release 21 January, 2014

FirstCry Raises $15M Series C Round from Vertex, IDG, and SAIF

January 21, 2014: Vertex Venture Management, through one of its funds, led a $15 million Series C investment into Brainbees Solutions Pvt Ltd, which owns the ‘FirstCry.com’ brand, India’s #1 baby and kids focused e-commerce site.

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Press Release 11 December, 2013

Heckyl Technologies raises over $3.5 Million in Series B investment from IDG Ventures

Heckyl Technologies Pvt. Ltd has raised over $3.5 million in Series B investment led by IDG Ventures India. Existing investors Seedfund Advisors also participated in the round. Seedfund Advisors had invested $1mn in the start-up in the first round.

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Press Release 11 December, 2013

India’s largest online lingerie destination Zivame.com raises $6 million round of Series B funding

Bangalore, 11th December 2013: Zivame.com, India’s largest lingerie destination has received a Series B Funding Investment of $6 million. This round has been raised from Unilazer Ventures Private Limited, a strategic private equity investments company promoted

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Press Release 11 October, 2013

Theramyt Novobiologics forges partnerships with VCs

Theramyt, a niche Bangalore-based, bio-pharma enterprise, has raised significant funding to pursue its goal of developing treatment-altering biological drugs.

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Press Release 11 October, 2013

Unbxd closes series A funding of USD 2 Million from IDG Ventures India and Inventus Capital Partners

Bangalore – October 10, 2013. Unbxd, a leading product recommendation platform for eCommerce companies, today announced that it has raised USD 2 Million in its Series A round of funding, from venture capital funds, IDG Ventures India and Inventus

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Press Release 30 April, 2013

Spotlight on Enterprise

Spotlight on Enterprise With over a decade's experience of investing in early stage technology, we know that selling software to an enterprise can be difficult. But not when you know what's on the top of a CIO's mind.

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Press Release 11 November, 2011

IDG Ventures and Sequoia Capital invest $10 million in Sourcebits

Bangalore, India — May 11, 2011 DG Ventures India and Sequoia Capital today announced an investment of $5 million each in Sourcebits, the global leader for consumer and enterprise mobile app development.

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Press Release 31 October, 2011

IDG Ventures India invests $ 4 million in Valyoo Technologies, the owner of Lenskart.Com

New Delhi, October 31, 2011: Valyoo Technologies Pvt Ltd, which runs the leading eyewear e-commerce site Lenskart.com, has raised $4 million in the first round of funding from IDG Ventures India. Lenskart.com is India’s first and only online portal selling prescription eyewear

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Press Release 09 October, 2011

IDG Ventures India makes multi-million dollar investment in eShakti.com

Chennai, October 9, 2011: IDG Ventures India has invested an undisclosed but large sum of money in eShakti.com – backing the unique value proposition of this leading brand of customized women’s apparel in the American market. eShakti.com

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Press Release 19 July, 2011

IDG Ventures India invests $3 Million in Vserv, the leading In-App Mobile Advertising Network

Mumbai, July 19th, 2011: Vserv, the leader in Mobile In-App Advertising in India, announced today that it has closed $3 Million in Series A funding by IDG Ventures India. Vserv is a leading mobile advertising network focused on emerging markets having

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Press Release 11 May, 2011

Kaplan Ventures Invests in iProf

Delhi, May 11th, 2011: iProf Learning Solutions India Pvt., Ltd. today announced an investment by Kaplan Ventures and a distribution partnership with Kaplan Test Prep to enable the iProf platform to offer test preparation in GMAT® and GRE®

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Press Release 19 April, 2011

IDG Ventures India and Norwest Venture Partners

Tablet Based e-Learning Marketplace Company Enables Anytime-Anywhere-Any Pace Top Quality Interactive Education for targeted 25 Million Indian Students; iProf Ties Up with IGNOU, World’s Largest Distance Learning University with 3.2 Million Students

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Press Release 05 February, 2011

Agile Financial Technologies gets more agility with IDG Ventures India’s Investment

Mumbai, 2nd May, 2011 Indian BFSI software products company, Agile Financial Technologies (www.agile-ft.com), announces the successful completion of its US$ 5.7mn Series A financing, led by IDG Ventures India (IDGVI). This funding will enable Agile Financial Technologies (Agile FT)

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Press Release 04 November, 2008

IDG Ventures India invests $ 5 million in Myntra.com

Bangalore, November 4, 2008: Myntra.com, India’s leading platform for personalized products and gifts and a company which pioneered the on-demand personalization space in India, today announced receiving an investment of $5 mn.

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Press Release 02 November, 2008

IDG Ventures India Invests in Ozone Media, India’s Leading Online Ad Network

Mumbai, July 2, 2008: IDG Ventures India, a $150 Million early-stage technology venture capital fund, announced today its Series A investment in Ozone Media, India’s leading online advertising network. As part of the investment, Manik Arora and Ritesh Banglani

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Press Release 05 May, 2008

Aujas – The Journey of an Entrepreneur in Residence at IDG Ventures India

Aujas – The Journey of an Entrepreneur in Residence at IDG Ventures India

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Press Release 27 March, 2008

Kiran Karnik joins IDG Ventures India’s Global Advisory Board

March 27, 2008: IDG Ventures India today announced that Kiran Karnik, Ex- President, NASSCOM and a recipient of the Padma Shri joins IDG Ventures India on their Global Advisory Board which is constituted of icons like Dr. N Balasubramanian, Dr.K B Chandrasekhar, Mr. Arjun Malhotra, Dr. Sridhar Mitta, Dr. Jagdish Sheth and Dr. V Sumantran.

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Press Release 13 February, 2008

IDG Ventures India invests $3 million in Aujas, a pure-play Digital Security services company

Bangalore, February 13, 2008: IDG Ventures India, a $150 Million early-stage technology venture capital fund, today announced its investment of $3 million in Aujas Networks Pvt. Ltd., a pure-play Digital Security services startup. Bangalore based Aujas will address a global security services market currently over $17 billion in

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