Druva to take headcount up to 1000 in India; may consider IPO

PUNE: Cloud data management firm Druva may consider a public offering next year if the conditions are conducive. Jaspreet Singh, CEO, Druva, said, “The business has been growing well and we are at the scale where we could consider a public offering. We will start considering that next year depending on the market sentiment.” Back by Sequoia Capital, Nexus Venture Partners and Tenaya Capital, among others, Druva has so far raised $200mn in funding, with the last round of $80mn in August 2017.

The Silicon Valley headquartered firm today launched its new facility in Pune, which would serve as an innovation center for the firm. The aim is to expand India operations to a 1000 employees over the next two years. Currently Druva has a team of 375 people in Pune across different functions.

Mahesh Patel, CFO, Druva, said that the business was growing at about 60% and was on track to do a recurring revenue of $100mn at the end of this fiscal. “We have four products, the slowest of which is growing at 50%, and on a blended basis we’re growing at 60%,” he said.


Druva, which offers data management as a service is primarily focused on the North American market, which contributes 72% to its revenue. The balance is spread over Europe and Asia.