IvyCap Ventures, IDG Ventures India and RVCF Participate in a Series B Round for Aujas Networks (Asia)
Source: Aujas Networks, Asian Venture Capital Journal | Author(s): Andrew Woodman
Venture capital firm IvyCap Ventures has led an INR310 million (approximately US$5 million) financing round for India-based information risk management service provider Aujas Networks. Existing investor IDG Ventures India, a technology-focused venture capital firm, and new investor Rajasthan Venture Capital Fund (RVCF), a venture capital fund manager, also participated in the round. Aujas was originally incubated by IDG as part of its Entrepreneur-in-Residence program and received US$2.8 million from the firm in 2008. The company intends to use the new funding to scale up its technology platform, hire staff and strengthen its presence in North America, South Asia and the Middle East.