Fidelity Growth Partners India joins $4m series B funding for cloud storage company.
CloudByte, a US-based cloud storage provider, has raised a $4m series B round of funding led by Fidelity Growth Partners India, the India-focussed private equity arm of investment firm Fidelity. The round included existing investors Nexus Venture Partners and Kae Capital.
CloudByte has now raised $6.1 million in total funding, following a $2.1m series A round that was led by Nexus in June 2012.
Sandeep Singhal, co-founder of Nexus Venture Partners, said: “As a large storage user, Fidelity has a deep insight in this…