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Sheila Gulati and Stacey Giard are the leaders of Tola Capital, a new private investment fund which is looking to discover the “next wave” of enterprise software companies.I first heard about the fund last week, and now it appears as if Gulati and Giard have found some success raising capital.
That’s an impressive amount of money, especially for a new fund.
Tola also is unique given the leadership by two women, something that is not often seen in the male-dominated venture capital ranks.
Gulati is a former investment banker at Robertson Stephens, who went on to work at Microsoft for more than a decade in a number of roles, including general manager of application platform and developer marketing.
She left Microsoft in 2010, which is when Tola Capital was formed.
The Air Intelligence Unit (AIU) of Customs department has arrested three migrant workers returning to Telugu states from Dubai at RGI Airport on Tuesday and seized 99.7 tola gold from their possession.
HYDERABAD: The Air Intelligence Unit (AIU) of Customs department has arrested three migrant workers returning to Telugu states from Dubai at RGI Airport on Tuesday and seized 99.7 tola gold from their possession.
During the scanning of checked in baggage belonging to passengers of Dubai - Hyderabad Indigo flight (6E 025) on Tuesday evening, Customs officials found eight gold rods concealed in four power banks and a measuring tape with gold as its core.
Customs officials said that the quantity of the seized gold was 99.7 tola and its market value is about Rs 30 lakh."These three passengers were approached by some Telugu speaking people at Dubai airport.
The unknown persons requested the three young passengers to carry small gift packets and hand over to their family members at RGI Airport.
The innocent passengers agreed to help as a nice human gesture and ended up in trouble," a Customs official said."As the value of the gold seized from each passenger is less than Rs 20 lakh, none of them have been arrested. Had the criminal gangs placed drugs in the parcel, the innocent passengers would have ended up facing a long jail term," said the Customs official.
And perhaps nothing says that more than news Thursday that SAP is gobbling up Bellevue-based Concur — a maker of travel and entertainment expense management software — for a cool .3 billion.
Now, two former Microsoft employees are looking to find the next Concur.