Nevales Networks Bags Strategic Investment from Seedfund

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Indian startup company, Nevales Networks that delivers comprehensive and affordable Security on-Demand services to Small and Medium Enterprises

Indian startup company, Nevales Networks that delivers comprehensive and affordable Security on-Demand services to Small and Medium Enterprises (SMEs) has announced that they have received an investment of undisclosed amount from Seedfund, Indias leading early-stage venture capital fund, for product development and to expand operations in India.

Indian SMEs, one of the fastest growing segment, is also the most aggressive in adoption of cloud based services because of its ability to cut costs, reduce the need for capital expenditure and also provide their businesses with competitive advantage putting them at par with their global counterparts.

Established in January 2010, Nevales Networks was founded by Silicon Valley-based IT entrepreneur Kaushik Thakkar, along with Sunija Rishi, a marketing professional and Ravishankar, an experienced Banker.

Nevales Networks delivers SMEs comprehensive and affordable Security on-Demand services that provide a secure

and scalable environment to conduct business. Nevales provides SME owners a security services platform that is on-demand to connect securely and access the benefits of the cloud. By doing so, the SME company can protect its own assets and better leverage cloud services.

Speaking on the investment, Ravishankar, CEO, Nevales Networks said, Nevales Networks is capitalizing on the powerful combination of a low cost, high demand offering to fast growing SME markets. The investment by Seedfund comes at the right time as Nevales is looking at expanding its solution offering and planning aggressive expansion. We are happy to get support from one of the leading early stage venture capital fund in the country. We believe they will add value to the long-term growth of the company.

Seedfund is Indias leading early-stage venture capital fund, with operations in Mumbai, Bangalore and New Delhi. Seedfund was founded in 2006 by Pravin Gandhi, Mahesh Murthy and Bharati Jacob, an