siliconindia logo
Facebook Twitter google+ RSS Feed

Sequretek Raises Funds From GVFL, Unicorn India Ventures

24
cmt right
16
Comment Right
56
cmt right
10
cmt right
Printer Print Email Email


NEW DELHI: Cyber security start-up Sequretek today said it has raised funding from GVFL and Unicorn India Ventures.

While the company did not disclose the size of the funding, sources said Sequretek has raised under $2 million in fresh funding in the series A.

The Mumbai-based company plans to use the funds for further building on intelligence within their current product offerings and foray into new markets within India and outside, Sequretek said in a statement. 

Launched in 2013 by Anand Naik, Sequretek offers a suite of products and services to enterprises for securing information. 

Its clients include HDFC Bank, IDBI Federal, HDFC Limited and NCDEX as well as companies in sectors like retail, pharma and IT-ITeS. 

The founders had pumped in about 4.5 crore in 2013 and raised $300,000 in seed funding from family, friends and wealthy individuals in 2015. 

"Information Security is of paramount concern to enterprises across the world. Unfortunately, the way security has evolved and resulted in silos each addressing a niche problem," Sequretek Pankit Desai, co-founder and CEO Pankit Desai said. 

Sequretek is trying to simplify security and drive down the overall cost of ownership, he added. 

Sanjay Randhar, MD at GVFL and Manoj Laddha, Partner at Unicorn India Ventures will join the board of Sequretek, the statement said.



Read Also:
YMS Mobitech To Up Retail Count, Eyes Pan-India Presence
Success Rate Among Indian Start-Ups Is Good: IT Expert


Source: PTI
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
SIGN UP FOR STARTUP DIGEST
Follow SiliconIndia :
Write your comment now
Submit Reset