IT Startup Fareye Aiming To Turn Unicorn In A Year, Says Founder

Fareye CEO and co-founder Kushal Nahata said that the company has doubled its team size in the US and Europe

IT startup Fareye expects to turn unicorn within next six to 12 months based on the revenue growth trend the company is recording, which is mainly driven by business in the US.

Fareye CEO and co-founder Kushal Nahata said that the company has doubled its team size in the US and Europe as well as increased its engineering team by 25 members in the last two quarters to support the growth.

The e-commerce focussed software-as-a-service (SaaS) raised $100 million from series E round led by TCV and Dragoneer Investment Group.

Existing investors Eight Roads Ventures, Fundamentum and Honeywell also participated in the round.