Druva Wins The Indian Entrepreneurial Challenge 2008

Sunnyvale, CA, July 6, 2008

We are delighted to announce that Druva software has won the Indian Entrepreneurial Challenge 2008 award.

Eight teams were shortlisted based on their potential scale of the business, the strength of the team and sustainable differentiation in the business model of 140 business plans that were submitted.

These shortlisted applicants were invited to participate in the final round which saw them presenting their plans and ideas in detail to an eminent jury of the country's leading entrepreneurs and corporate heads (which includes Pramod Bhasin (CEO & President, Genpact), Raman Roy (Chairman, Quatrro BPO Solutions), Saurabh Srivastava (President, TIE Delhi), Sanjeev Bikhchandani (co-founder and CEO of Naukri.com), Mahesh Murthy (Partner, Seedfund) and Alok Mittal (Managing Director, Canaan Partners India).

The competition is was organized by Tie (The Indus Entrepreneurs) and Canaan Ventures and was co-sponsored by CNBC-TV18, Business Today, Microsoft, ISB and NASSCOM. The complete event from shortlisting, mentoring and Finals would be covered by Business Today and CNBC (Network 18).

More details with photographs and a video coverage would be posted very soon.