Nexus Venture Partners is planning to invest around $10 million in Pune-based start-up Druva Software, Economic Times reports. The investment will be made in the form of series B funding. Druva will use the proceeds for expansion of its operations in the global markets and for research and development. In March, it raised $5 million in series A funding from Sequoia Capital and Indian Angel Network.
Click here for the story from Economic Times.