RCOEM alumnus Vikram raises $100 mn fund
   Date :02-Aug-2020

Vikram Labhe_1  
 
 
Business Bureau :
 
It is important to note that the investors in Fivetran are some of the top notch venture capitalist firms in the US like Andreessen Horowitz. These investors have made previous investments in companies like Facebook, Instagram, Airbnb, Twitter etc. 
 
At a time when most of the entrepreneurs across the globe are struggling to sustain the market that is bleeding because of the restrictions imposed due to novel coronavirus, city-based Vikram Labhe is spreading his arms as he recently got a fund of $100 mn for his company. Vikram is Vice-President and Managing Director of Fivetran India, which is a leading provider of automated data integration. He is a resident of Shivaji Nagar and did his schooling from Saraswati Vidyalaya. Later on he did Engineering from Shri Ramdeobaba College of Engineering and Management (RCOEM). He also achieved an MS degree from Canada. Vikram raised the fund through Series ‘C’ funding of USD 100 million, taking the Fivetran’s valuation to the tune of USD 1.2 billion.
 
While talking to The Hitavada on Saturday, Vikram said, “After completing my MS, I started working in PMC Sierra (semiconductor product company) in Vancouver Canada. While in Canada, I received US patents and journal publications in my name.” After coming back in 2005, he started the operations of PMC Sierra in India. “I started the operation right from my hotel room and over a period of time we employed more than 1,000 people in Bengaluru and Hyderabad,” he remembered. After PMC Sierra’s success, in 2016, Labhe founded the India operations of a small start-up from California, Fivetran. This time the office started from his own home in Bangaluru.
 
Today the company is having more than 350 employees world-wide, more than 1,100 customers and very strong revenue growth. Interestingly, a large number of the employees are hired from the city colleges. It is important to note that the investors in Fivetran are some of the top notch venture capitalist firms in the US like Andreessen Horowitz. These investors have made previous investments in companies like Facebook, Instagram, Airbnb, Twitter etc. Sharing his view about the future for engineering pursuing students, Vikram said, “Covid-19 times are tough for everyone. However, post Covid, most of the industries will have to accelerate their digital transformation plans and this is not a short term need.
 
The trend will last for a long period. All budding and newly graduated IT, CS, Electronics engineers should take heart from this fact. Future is brighter than ever.” Vikram also disclosed his plans of recruiting the city’s young generation. In his message for GEN-X he said, “Dream big, and go after it.”