Cloud storage startup Dropbox looking to woo corporates

Dropbox weathered Steve Jobs’ anger and his desire to kill it but it now has a tougher challenge on cards: getting myriad businesses and corporations across the world, including India, to sign up for its service. The cloud storage startup has made headway among consumers, restless internet surfers and download addicts but is only now starting to woo corporations, big and small.

It has tied up with Salesforce.com and Dell to penetrate the business market and has seen strong growth in the space. Dropbox also plans to expand in India in the next two or three years.

“A lot of companies have a strong engineering presence in India; Google certainly does, and it would make sense to put things like user operation centres here.

We don’t have a specific timeline for it, but I would be surprised if we didn’t have something here,” Sujay Jaswa, business development head at Dropbox, told ET. Jaswa added that the company had just begun its international expansion last year and was going to open its first Asia-Pacific office in the first quarter of 2014.

Started by two MIT graduates, Drew Houston and Arash Ferdowsi, Dropbox was named the fifth most valuable tech startup after Facebook, Twitter, Zynga and Groupon by US tech blog Business Insider. The San Francisco-based startup, which counts U2 musicians Bono and The Edge as investors, has about 200 million users globally and is reportedly seeking to raise $250 million, according to media reports. The latest round is expected to value the company at $8 billion, about $1.5 billion for every year of its existence.

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