Hasura - 10th unicorn🦄, Great Learning buys Superset🎓, Swiggy's $800 Mn IPO📊
Hasura raises $100 million, Great Learning buys recruitment firm Superset, Swiggy eyes $800 million IPO, What is seed funding?, Funding Deals & more.
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Hasura raises $100 million, becomes tenth startup unicorn of 2022🦄
Hasura, a software company that helps developers with tools, has raised $100 million in a fresh funding round led by Greenoaks Capital. The round also saw participation from existing investors Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures.
With the latest fundraise, Hasura is valued at $1 billion, making it the tenth startup to enter India’s unicorn club this year.
Hasura is an open-source platform that offers host of solutions designed to make web application development faster. It makes data access easy by instantly composing a ‘GraphQL API’ (application programming interface).
Byju’s-owned upskilling platform Great Learning buys recruitment firm Superset🎓
Byju’s-owned upskilling platform Great Learning has acquired Superset, a recruitment platform backed by Blume Ventures.
Superset's cutting-edge digital solutions for campus placements and corporate recruitment will augment the skill-based professional learning offerings from Great Learning to bridge the 'skill- gap' for India’s talent.
Superset, operated by Weblength Infonet Pvt. Ltd, was founded in 2017 with an aim to harness technology to make campus recruitments easier and more efficient.
With backing from Great Learning and BYJU’s, Superset will accelerate its growth in India while also expanding its offerings to students and recruiters, the statement said.
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What is Seed Funding?
Seed funding is the first official equity funding stage. It typically represents the first official money that a business venture or enterprise raises. Some companies never extend beyond seed funding into Series A rounds or beyond.
End-to-end digital healthcare platform, MediBuddy has raised $125 million in Series C funding from Quadria Capital and Lightrock India.
Facilio, a leading property operations software platform has raised $35 million in Series B financing led by Dragoneer Investment Group.
Millet-based food startup Wholsum Foods, which is the maker of children’s food brand Slurrp Farm has raised $7 million round led by Investment Corporation of Dubai and existing investor Fireside Ventures.
Agritech platform Krishify has raised $6.2 million in a pre-Series A round led by venture capital fund Omnivore.
Pillow and sleep accessories manufacturer-to-consumer (M2C) brand Sleepsia has raised $2 million from its parent company Agile Ventures.
Food delivery platform Swiggy eyes $800 million IPO early next year📊
Food delivery company Swiggy, which is backed by SoftBank Group, has started preparations to raise at least $800 million in an IPO early next year.
Swiggy has begun adding independent directors to the board, and plans to position itself as a logistics company and not just a food delivery firm, according to the report.
Swiggy doubled its valuation to $10.7 billion in its latest funding round.
Swiggy's grocery delivery service Instamart is now competing with the likes of Blinkit and Zepto, which are luring customers with the promise of 10 minute-deliveries.
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