16.9 C
Delhi
Friday, November 27, 2020

Atlassian’s $50mn global venture fund to focus on Indian startups

- Advertisement -

Atlassian’s $50mn global venture fund to focus on Indian startups Bengaluru, Oct 19 (IANS) In a bid to tap into India’s growing startup and developer community, Australia’s leading software firm Atlassian Corporation on Monday announced the launch of Atlassian Ventures, a new $50 million global fund that will invest startups, including established companies that are already building products in its ecosystem.

The company which set up a research and development centre in Bengaluru last year with plans to expand it further, said it is keen to nurture India’s vibrant startup ecosystem and rich technical talent pool.

“With India’s cloud market among the largest in the Asia Pacific region, we believe this fund will be an ideal opportunity for up-and-coming startups in India to access funding when building apps for our cloud products,” said Dinesh Ajmera, Site Lead and Head of Engineering, Bengaluru, Atlassian.

READ ALSO:  RBI hikes insurance cover on bank deposits to Rs 5 lakh

“India is a significant market for Atlassian, one that’s teeming with an extraordinary developer community and a vibrant startup ecosystem that we plan to tap into,” he added.

The company’s software products such as Jira, Confluence, Bitbucket and Trello are used by 174,000 customers worldwide, including Ola Cabs, Reliance, Walmart Labs, and Flipkart, to name a few.

Atlassian Ventures will invest in three types of companies.

Firstly, the early-stage startups which are building apps for any of Atlassian’s cloud products.

“Secondly, the larger, more established ecosystem product partners who are ascaling their businesses and finally, the existing sales channel partners who are looking to step up their cloud services and create new products that support the future of teamwork,” the company informed.

READ ALSO:  India gets 'Stay Safer' feature on Google Maps

As part of this programme, companies that receive funding are also eligible for mentorship as well as global exposure at Atlassian events,” Ajmera said.

In July, Atlassian Chief Technology Officer (CTO) Sri Viswanath said that the company plans to hire 300 more people over the next year in addition to 200 it has recruited for the R&D facility and the support centre.

Noting that Bengaluru had some of the world’s brightest tech talent, the CTO said he was upbeat that the work done in India would help the company get 100 million monthly active users.

Atlassian has over 4,200 apps available in its Marketplace and offers integrations with popular tools like Slack, Zendesk and GitHub.

–IANS

India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Follow Us On

Related News

Adamant protesting farmers resume journey towards Delhi

Chandigarh, Nov 27 (IANS) Braving chilly night under the open skies, thousands of protesting farmers from Punjab and Haryana gathered in Panipat town, resumed...

After braving tear gas, water cannon, farmers halt in Panipat for night

Chandigarh, Nov 27 (IANS) Tens of thousands of farmers up in arms on Thursday braved tear gas shells and water cannons to break through...

Nivar effect: Met dept puts Bengaluru on Yellow alert for next 2 days

Bengaluru: The India Meteorological Department on Thursday issued a yellow alert in Bengaluru and surrounding districts on November 26 and 27.Cyclone Nivar – the...

Premiums on insurance bought during Oct-Mar eligible under LTC scheme

New Delhi, Nov 26 (IANS) Central government employees can claim reimbursement for premiums paid for insurance policies purchased between October 12, 2020 and March...

Sanjay Dutt’s new film ‘Torbaaz’ discusses terrorism with human angle

Mumbai, Nov 26 (IANS) Filmmaker Girish Malik, who directs Sanjay Dutt in his new film Torbaaz, says he wanted to show a story of...

Excited to be back playing in front of crowds: Kohli

Sydney, Nov 26 (IANS) Rival skippers Virat Kohli of India and Aaron Finch of Australia on Thursday expressed relief and joy at the prospect...

Trending Topics In India

Covid 19 India Updates

Kerala, Maha, Delhi among 6 states with 61% new Covid cases detected every day

By Rajnish Singh, (IANS) Kerala, Maharashtra and Delhi are among top six states which are accountable for contributing 61 per cent new Covid-19 cases on daily basis in India,...

Kerala, Maha, Delhi among 6 states with 61% new Covid cases detected every day

By Rajnish Singh, (IANS) Kerala, Maharashtra and Delhi are among top six states which are accountable for contributing 61 per cent new Covid-19 cases on daily basis in India,...

Looking at vaccine manufacture, delivery ecosystem: Harsh Vardhan

New Delhi, Nov 25 (IANS) At a time the world is racing against time to find a safe and effective vaccine against Covid-19, Union...

Apollo Hospitals gearing up to give one million vaccines a day

New Delhi, Nov 25 (IANS) Apollo Hospitals are gearing up to give one million vaccines a day once it is available across India through...

Over 88% Indians know at least one Covid infected person: Survey

New Delhi, Nov 25 (IANS) With over nine million coronavirus cases in India, 88 per cent citizens now have one or more contacts in...

Covid-19 second wave may be a tsunami, warns Thackeray

Mumbai, Nov 22 (IANS) With Covid-19 cases again surging in some parts of the the country, Maharashtra Chief Minister Uddhav Thackeray on Sunday hinted...

Trending News In India

Adamant protesting farmers resume journey towards Delhi

Chandigarh, Nov 27 (IANS) Braving chilly night under the open skies, thousands of protesting farmers from Punjab and Haryana gathered in Panipat town, resumed...

After braving tear gas, water cannon, farmers halt in Panipat for night

Chandigarh, Nov 27 (IANS) Tens of thousands of farmers up in arms on Thursday braved tear gas shells and water cannons to break through...

Nivar effect: Met dept puts Bengaluru on Yellow alert for next 2 days

Bengaluru: The India Meteorological Department on Thursday issued a yellow alert in Bengaluru and surrounding districts on November 26 and 27.Cyclone Nivar – the...

Premiums on insurance bought during Oct-Mar eligible under LTC scheme

New Delhi, Nov 26 (IANS) Central government employees can claim reimbursement for premiums paid for insurance policies purchased between October 12, 2020 and March...

Sanjay Dutt’s new film ‘Torbaaz’ discusses terrorism with human angle

Mumbai, Nov 26 (IANS) Filmmaker Girish Malik, who directs Sanjay Dutt in his new film Torbaaz, says he wanted to show a story of...

Excited to be back playing in front of crowds: Kohli

Sydney, Nov 26 (IANS) Rival skippers Virat Kohli of India and Aaron Finch of Australia on Thursday expressed relief and joy at the prospect...

Trending Showbiz

Sanjay Dutt’s new film ‘Torbaaz’ discusses terrorism with human angle

Mumbai, Nov 26 (IANS) Filmmaker Girish Malik, who directs Sanjay Dutt in his new film Torbaaz, says he wanted to show a story of...

Gear up for India’s first ever OTT awards

By Puja Gupta, (IANS) Fans across the globe now have a chance to engage with OTT entertainment content and stars digitally; they can and...

Malayalam film ‘Jallikattu’ is India’s entry for Oscars 2021

Mumbai, Nov 25 (IANS) The Malayalam film, Jallikattu, has been selected as the official Indian entry in the Best International Feature Film category at...

Kabaddi is a sport, can’t be played well without teamwork: Abhishek Bachchan

Mumbai, Nov 24 (IANS) Abhishek Bachchan, who owns the Kabaddi team Jaipur Pink Panthers, says the upcoming docu-feature, Sons Of The Soil: Jaipur Pink...

Television actor Ashiesh Roy passed away

Mumbai, Nov 24 (IANS) Television actor Ashiesh Roy passed away in Mumbai early on Tuesday. The Sasural Simar Ka actor died of kidney failure...

Arjun Kapoor: Children should never go without adequate food

Mumbai, Nov 23 (IANS) Bollywood actor Arjun Kapoor has opened up about his food start-up venture that has been feeding 1000 children every month....

Trending Sports

Excited to be back playing in front of crowds: Kohli

Sydney, Nov 26 (IANS) Rival skippers Virat Kohli of India and Aaron Finch of Australia on Thursday expressed relief and joy at the prospect...

1986 World Cup quarter-final: Maradona becomes immortal

New Delhi, Nov 26 (IANS) “I dream of being able to score another goal against the English, with the right hand this time!” said Diego...

Football legend Diego Maradona, 60, dead

Buenos Aires, Nov 25 (IANS) Football legend Diego Maradona has died, aged 60, according to Argentine media reports. He had been discharged from hospital...

New ICC chairman Barclay: Rugby’s loss is cricket’s gain

New Delhi, Nov 25 (IANS): Auckland-based lawyer and sports administrator Greg Barclay was on Wednesday announced as new chairman of the International Cricket Council (ICC)....

Sports Ministry recognises archery body again, after eight years

New Delhi, Nov 25 (IANS): The Archery Association of India (AAI) on Wednesday re-gained recognition from the Sports Ministry nearly eight years after it was...

ICC Awards of the Decade: Kohli in fray for 5; five more Indians in race

Dubai, Nov 25 (IANS) Prolific India batsman Virat Kohli has been nominated in five categories for the first International Cricket Council (ICC) Awards of...

Latest Trending News In India

After braving tear gas, water cannon, farmers halt in Panipat for night

Chandigarh, Nov 27 (IANS) Tens of thousands of farmers up in arms on Thursday braved tear gas shells and water cannons to break through...

Nivar effect: Met dept puts Bengaluru on Yellow alert for next 2 days

Bengaluru: The India Meteorological Department on Thursday issued a yellow alert in Bengaluru and surrounding districts on November 26 and 27.Cyclone Nivar – the...

Premiums on insurance bought during Oct-Mar eligible under LTC scheme

New Delhi, Nov 26 (IANS) Central government employees can claim reimbursement for premiums paid for insurance policies purchased between October 12, 2020 and March...

Sanjay Dutt’s new film ‘Torbaaz’ discusses terrorism with human angle

Mumbai, Nov 26 (IANS) Filmmaker Girish Malik, who directs Sanjay Dutt in his new film Torbaaz, says he wanted to show a story of...