MANISH JETHANI CO-FOUNDER & CEO — HEVO DATA $43M RAISED · 2,000+ CUSTOMERS · 40+ COUNTRIES SERIES B LED BY SEQUOIA CAPITAL INDIA 500% YOY GROWTH 2021 IIT ROORKEE GRADUATE · SHAHDOL, INDIA SNOWFLAKE "ONE TO WATCH" 2026 $46.9M ARR AND CLIMBING MANISH JETHANI CO-FOUNDER & CEO — HEVO DATA $43M RAISED · 2,000+ CUSTOMERS · 40+ COUNTRIES SERIES B LED BY SEQUOIA CAPITAL INDIA 500% YOY GROWTH 2021 IIT ROORKEE GRADUATE · SHAHDOL, INDIA SNOWFLAKE "ONE TO WATCH" 2026 $46.9M ARR AND CLIMBING
Manish Jethani, Co-Founder and CEO of Hevo Data

Manish Jethani — San Francisco, CA

Profile · Founder & CEO

Manish
Jethani

Plumbing the internet so decisions don't have to wait for engineers.

The co-founder and CEO of Hevo Data has spent a decade asking one uncomfortable question: why does getting clean data still require a team of engineers, weeks of pipeline work, and an act of faith? His answer is a no-code platform now used by 2,000+ companies across 40+ countries - backed by $43 million from Sequoia, Qualgro, and Chiratae, and growing at a pace that has made Hevo one of India's most closely watched SaaS exports.

CEO & Co-Founder Hevo Data Series B IIT Roorkee $43M Raised
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$43M
Total Raised
2,000+
Customers
40+
Countries
$46.9M
Annual Revenue
150+
Integrations
500%
YoY Growth (2021)

First Out of Shahdol. Last to Stop Building.


Shahdol is a district in Madhya Pradesh that most people have never heard of. It had limited English-medium schools when Manish Jethani was growing up there, and the internet was more rumor than reality. What it had was one kid who studied hard enough to crack the IIT entrance exam - the first from Shahdol to do so. He enrolled at IIT Roorkee in 2003 and graduated in 2007 with a plan that lasted approximately until he walked out the gate.

"I figured out that I would not enjoy being in a very structured system," he later said. The high-paying corporate job that IIT was supposed to guarantee held zero appeal. Instead, he joined a small team in Hyderabad building what was essentially a Mozilla-inspired issue-tracking system for enterprises. He was a coder. He didn't talk to customers. He coded.

Then the money ran out.

What happened next defines how Jethani thinks. He could have found another engineering job. Instead, he picked up the phone and started calling enterprise clients - construction companies, mostly - pitching software that helped manage document workflows for large projects. His first deal: $500 for three months of work. By 2011, he was closing projects worth $250,000. The engineer who had never wanted to talk to anyone had become a serious enterprise sales professional. That transformation - from deep technical operator to someone who could read a customer's real problem - shows up in everything he's built since.

"I truly derive great joy in helping people make good decisions."
- Manish Jethani, Hevo Data CEO

The SpoonJoy Chapter

In 2013, Jethani co-founded SpoonJoy with Sourabh Agarwal - an on-demand food delivery startup in India, when that market was still forming. Running a delivery operation meant obsessing over data: order rates, delivery windows, supplier inventory, customer behavior. Getting that data anywhere useful required engineers. Lots of them. The time it took to surface an insight often made the insight irrelevant.

SpoonJoy was acquired by Grofers in 2015. Jethani moved over as VP of Product Management, a well-funded, senior role at one of India's highest-profile startups. It was, by all external measures, a success. It was also quietly insufferable. "It was a very comfortable role, but that comfort was making me uncomfortable," he said. By 2017, he was ready to go back to zero.

The Actual Problem Worth Solving

But this time, the bar was higher. "I didn't want to do a startup for the sake of it. It has to be a problem that I truly and deeply care about. It was not about venture money. It was not about getting coverage on Forbes."

The problem he kept returning to was the one he'd lived at SpoonJoy: most people who need data to make decisions can't actually get to the data. Not because the data doesn't exist - it exists everywhere, sprawled across Salesforce, Shopify, MySQL, Stripe, 150 other places. The problem is the plumbing. Every connection between a data source and a warehouse requires engineering time, custom code, ongoing maintenance, and prayer that nothing breaks at 2am. Business teams waiting on those pipelines make decisions on instinct instead of information, which is exactly where companies go wrong.

Jethani and Agarwal co-founded Hevo Data in 2017 to remove that bottleneck entirely. The name itself nods to the phrase "heave ho" - the call to haul a heavy load. That's what Hevo does, automatically, for data.

"How do we as humans move away from intuition-based decision making to actually more fact and information-based decision making?"
- Manish Jethani

How Hevo Got Capitalized

2017
Seed Round
$1M
IDG Ventures India / Chiratae Ventures
2019
Seed Extension
$4M
Sequoia Surge · Qualgro Ventures · Chiratae
2021
Series B
$30M
Sequoia Capital India · Qualgro · Lachy Groom · Chiratae

TOTAL RAISED: $43 MILLION

The Pipeline Behind the Pipeline


Hevo Data is a no-code ELT platform. In practice, that means a business analyst can connect Salesforce, a PostgreSQL database, and Shopify to Snowflake or BigQuery - in minutes, without writing code - and start running queries. No tickets to engineering. No waiting weeks for a custom connector.

The company has built 150+ pre-built integrations covering databases, SaaS apps, cloud storage, SDKs, and streaming services. Schema changes from source systems are detected and handled automatically. Real-time data replication means decisions can be based on information from this morning, not last month.

The go-to-market approach was as deliberate as the product. Before writing a line of code, Jethani secured a $50,000 commitment from India's largest food-tech delivery company as proof that the problem was real. Content marketing became the primary customer acquisition channel, pulling in global customers without a large outbound sales force. By mid-2020, customers were signing up independently - the inflection point every SaaS founder waits for.

Revenue tells the story cleanly: approximately $500K ARR in 2019, $1M by end of 2020, $4.5M fourteen months later. By 2021 the company had grown 500% year-over-year and closed its Series B. By 2026, annual revenue has reached approximately $46.9M.

Jethani's product philosophy is unambiguous: "We wanted the product to be so good that people should be able to use it without talking to anyone. The product has to do its own selling." That constraint - build for self-service, not demos - shapes every feature decision.

In 2025, Snowflake named Hevo Data "One to Watch" in its Modern Marketing Data Stack 2026 report, recognizing the platform's ability to help marketing and data teams unify 150+ sources without engineering bottlenecks. The category is called Data Integration. The company treating that title as a floor, not a ceiling.

"Either you can make a decision in time or get an accurate decision. You have to choose one." - Manish Jethani on why real-time data pipelines matter.

From Shahdol to San Francisco


2003 - 2007
IIT Roorkee - first from Shahdol to gain admission to IIT; graduates 2007
2007 - 2012
Joins early-stage startup in Hyderabad building enterprise service management software; evolves from coder to enterprise sales; closes ~$250K in projects by 2011
2013 - 2015
Co-founds SpoonJoy - on-demand food delivery in India - with Sourabh Agarwal. SAIF Partners invests.
2015 - 2017
SpoonJoy acquired by Grofers. Joins as VP of Product Management - then leaves, comfort-intolerant, to build again.
2017
Co-founds Hevo Data with Sourabh Agarwal in Bangalore and San Francisco. Raises $1M seed from Chiratae/IDG.
2019
Raises $4M extension led by Sequoia Surge. ARR ~$500K.
2020 - 2021
ARR: $500K → $1M → $4.5M. 500% YoY growth. Raises $30M Series B from Sequoia Capital India.
2025
Snowflake names Hevo Data "One to Watch" in Modern Marketing Data Stack 2026 report.
2026
Hevo reaches ~$46.9M ARR, 2,000+ customers across 40+ countries, 230 employees.

The Scoreboard


  • First person from Shahdol, Madhya Pradesh to earn IIT admission
  • Built and sold SpoonJoy to Grofers (2015)
  • Secured $50K pre-signed commitment before building Hevo's first line of code
  • Raised $43M total - seed through Series B - in 4 years
  • 500% year-over-year growth in 2021
  • Scaled Hevo from $500K to $46.9M ARR
  • 2,000+ customers, 40+ countries, 150+ integrations
  • Built team to 230+ employees (Bangalore + San Francisco)
  • Snowflake "One to Watch" in Data Integration - 2026 report
  • Customer base grew 5X between 2020 and 2022

What He Actually Said


"Our mission is to enable every company and every individual to unlock their true potential by leveraging data-driven decision-making."

On Hevo's mission

"It was a very comfortable role, but that comfort was making me uncomfortable."

On leaving Grofers to start Hevo

"I didn't want to do a startup for the sake of it. It has to be a problem that I truly and deeply care about. It was not about venture money. It was not about getting coverage on Forbes."

On the decision to found Hevo

"We wanted the product to be so good that people should be able to use it without talking to anyone. The product has to do its own selling."

On product philosophy

"If the data doesn't flow between different departments, no one will have full visibility into what's going on."

On data architecture

"There is no right or wrong. If you feel compelled to do something, you should go and do that."

On entrepreneurship

Details That Stick


Origin Story
Shahdol had limited internet access when Jethani was growing up there. He now runs a company whose entire product is about making data flow reliably across the internet.
First Sale
His first enterprise software deal was $500 for three months of work. By 2011, he was closing $250,000 projects. The same discipline that made him a credible salesman made him build Hevo with usage-based pricing that scales with the customer.
Accidental Blueprint
SpoonJoy's food-delivery chaos - fragmented supplier data, lagging dashboards, decisions made on gut - was the direct blueprint for Hevo's real-time pipeline mission. Suffering is often the best product spec.
Pre-Product Revenue
Before Hevo had a shipped product, Jethani had a $50,000 letter of intent from India's largest food-tech delivery company. He validated demand before he validated code.
Name Drop
"Hevo" is a nod to "heave ho" - the nautical call to haul heavy cargo. That's what a data pipeline does: it lifts bulk data from wherever it sits and delivers it somewhere useful. The name does the job description.
Saying No
"Saying no to certain types of revenues, which is hard, helped us stay focused." Hevo passed on customers outside its ideal profile - a discipline rare in early-stage SaaS that helped protect margins while the product matured.

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