Kalaari Capital, an early investor in online retail companies like Snapdeal and Myntra,invests ParaBlu as a part of its newly-launched seed and incubation programme -KStart.The VC firm has invested ₹3.4 crore in the startup, founded by former top executives at McAfee and Mindtree.
The company provides intelligent cloud access security broker enabled cloud security solutions for enterprises helping them store business assets safely on the cloud. It is registered in the US with offices in Bengaluru, was founded in 2015.
Kalaari plans to invest about $20 million as part of KStart in up to 40 startups over the next two years.
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