Hasura is Unicorn No 10

Hasura, a software company which helps developers with tools, has raised $100 million in a fresh funding round led by Greenoaks Capital.

Existing investors Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures also participated in the round.

Hasura is valued at $1 billion, making it the 10th startup to enter India’s ‘unicorn’ club this year. It has joined the likes of edtech platform Lead School, direct-to-consumer brand Mamaearth, analytics platform Fractal, social commerce platform Dealshare, HR tech player Darwinbox and others who have also entered India’s unicorn league — or those with valuations of $1 billion or more.

According to the firm, it plans to use the funding to accelerate research and development and expand go-to-market activities globally for flagship GraphQL Engine. Including the current fundraise, the San Francisco and Bengaluru-based company has raised $136. 5 million so far.

Tanmai Gopal, chief executive of Hasura said funding enables it to greatly increase its innovation velocity, “which in turn allows our rapidly-expanding user base to deliver software even faster.”

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