Hasura raises $100 mln, becomes unicorn; Vymo raises $22 mln; Wipro backs vFunction; UMG launches Def Jam India

Hasura raises $100 million to expand SaaS product, becomes a unicorn Hasura, which provides software for developers to connect disparate sources of data, has secured $100 million in funding in a round led by Greenoaks with participation from existing investors Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures, the company said in a press release. The Series C round brings the total capital raised by Hasura to $136.5 million and the company’s valuation to $1 billion. Hasura plans to use the funding to accelerate research and development and expand go-to-market activities globally for the company’s GraphQL Engine, which makes it fast and easy for even those with zero GraphQL expertise to compose a GraphQL API from existing APIs and databases. Vymo raises $22 million in series C funding Vymo, an Intelligent Sales Engagement platform for Financial Institutions, has raised $22 million in Series C funding, led by Bertelsmann India Investments with existing investors Emergence Capital and Sequoia Capital participating. As part of the financing, BII’s Rohit Sood will be joining the company’s board. In 2021 Vymo saw over 20 percent quarterly growth, 142 percent net retention rate, zero logo churn, entry into the US with wins like Berkshire Hathaway, and onboarding some of the largest Insurers in Japan, co-founder and CEO Yamini Bhat said in a press release yesterday. The latest funding will help Vymo go after a market opportunity to provide sales intelligence estimated at $10 billion. Wipro Ventures invests in vFunction in cloud services partnership Wipro, India’s fourth-biggest IT services provider, has formed a joint go-to-market partnership with vFunction, a Palo Alto-based startup that has developed a technology platform for modernising Java applications and accelerating migration to the cloud, the Bangalore company said in a press release yesterday. The partnership will strengthen Wipro’s cloud services business. In conjunction with this partnership, Wipro Ventures, the corporate investment arm of Wipro, has invested in vFunction’s Series A funding round to deepen the strategic partnership. Wipro didn’t provide financial details. UMG launches Def Jam India to take Indian rap to other markets Universal Music Group has launched Def Jam India, a new label division within India and South Asia dedicated to representing the best hip-hop and rap talent from the region, the Dutch-American music corporation said in a press release yesterday. Def Jam India will follow the blueprint of the iconic Def Jam Recordings label, which has led and influenced the cutting-edge in hip-hop and urban culture for more than 35 years. UMG aims to tap the growing popularity of hip-hop as a genre in India and take Indian hip hop to other markets. Artists it has signed on already include Dino James and Fotty Seven. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds