Feb 23, 2022
By: BI India BureauSoftware-as-a-service company Hasura is the tenth Indian startup to join the unicorn club in 2022, after raising $100 million in a funding round. A unicorn, in startup parlance, is a company valued at or over $1 billion.
Credit: Greenoaks
Hasura’s latest funding round was led by Greenoaks Capital, with participation from existing investors such as Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures.
Credit: Greenoaks
Hasura — which is based in San Francisco and Bengaluru — was founded by Tanmai Gopal and Rajoshi Ghosh in 2017. It is an open source platform that provides a host of solutions to developers to make web application development faster.
Credit: Canva
Hasura claims to make data access easy by instantly composing a ‘GraphQL API’ (application programming interface). The company claims to have been downloaded more than 400 million times.
Credit: BI-India
Greenoaks partner Neil Shah noted that Hasura serves "top 100 companies" in the world and startups as well.
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The company, which has raised $136 million to date — will use this latest capital to accelerate research and development (R&D) and expand go-to-market activities globally for its flagship GraphQL Engine.
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“This funding enables Hasura to greatly increase our innovation velocity, which in turn allows our rapidly-expanding user base to deliver software even faster. With this funding round, our investors and the Hasura team are doubling down on our vision to solve data access and unlock the next decade of developer productivity,” said Gopal of Hasura.
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Indian Institute of Technology (IIT) Madras alumnus Gopal is a serial entrepreneur. He has previously founded a home-made food delivery startup The Brass Plate, product development company 34 Cross, and Owlink.
Credit: Hasura
Stanford University alumna Rajoshi Ghosh has previously founded an appointment booking system for doctors Dokbuk and crowdsourcing local food discovery app Find A Kadai. She was also a cofounder in The Brass Plate and 34 Cross.
Credit: Hasura