Druva to hire over 300 people globally next fiscal, strengthen Pune R&D operations

Image
Press Trust of India New Delhi
Last Updated : Nov 14 2019 | 9:10 PM IST

Cloud data protection and management firm Druva is looking to hire about 300 people next fiscal, including in India, to take its total headcount to about 1,300 employees by the end of 2020-21.

The company, which had in June this year announced a USD 130 million (over Rs 900 crore) funding round led by Viking Global Investors, has a research and development (R&D) unit in Pune.

"We are seeing strong growth in our business in the US and in the APAC region. We have expanded to Australia and are focussing on growing that...we have about over 800 people and are hiring aggressively," Druva founder and CEO Jaspreet Singh told PTI on the sidelines of TiE Global Summit 4.

By March next year, Druva's headcount is expected to touch 1,000 people and go up to 1,300 by end of 2020-21, he added.

Singh said the team expansion will also include its India team that will see an addition of at least 100 people.

"We have over 400 people, and by end of next fiscal, we should be at 500-520 people in India," he said, adding that these people will mostly be in the R&D team.

Druva offers cloud-based backup, disaster recovery, archival and analytics solutions. It has over 4,000 enterprise customers, including names like Pfizer, Flex, Marriott, Live Nation, and Hitachi. It also counts NASA as a client.

The company gets about 80 per cent of its revenues from the North American market and is nearing a revenue run rate of about USD 100 million.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 14 2019 | 9:10 PM IST

Next Story