IIT graduates-led SaaS startup Hevo Data raised $8 million in Series A funding led by Singapore-based VC firm Qualgro and former executive of Stripe, Lachy Groom. The US-based startup has so far raised $12 million in the round which also saw participation from Sequoia Capital India's Surge and Chiratae Ventures. The startup was founded by Sourabh Agarwal and Manish Jethani.