Idk about y’all but I am getting a little concerned about the Corona virus now- rising cases & deaths reported in Iran, Italy, South Korea & Japan and the city of SF just declared a health emergency. But coming to the day’s news, we have more social commerce & a devtool company raising money (WHAT!). Oh and yeah I’m trying out a new format for today so let me know if you prefer this vs the previous format:
The payment gateway + platform for SMEs announced a social commerce feature.
Sellers can use the “Reseller” feature to sell products to their consumers & earn a commission.
This feature would compete with Paytm’s MyStore along with Meesho.
It fits in with Instamojo’s broader thesis of being the single platform that SMEs would go to for setting up their online profile + store, accepting payments online, handling logistics, viewing analytics, (and now) even sourcing products. Plus they already have over a million merchants so don’t need to aggressively spend on CAC to push this feature out.
Hasura, announced a $9.9M Series A from the likes of Vertex Ventures, Nexus VP & Strive VC
The devtool platform lets engineers easily put up a GraphQL interface on top of their database so they can easily consume & interact with that data.
Hasura is probably only the second Indian devtool company to hit this kind of scale (the first being Postman) and both have been backed by Nexus VP.
As a frontend engineer, I love the product because interacting with data through GraphQL is super nice. I also interestingly ran into Tanmai (the founder) at a GraphQL conference in SF and was blown away with the progress they’ve made on the platform. With the launch of their newly announced enterprise product, I can see a lot more companies (or at least teams at companies) jumping onboard because engineers who interact with data love using GraphQL as an interface but hate setting up the GraphQL services themselves. Hasura solves a lot of those problems