MoEngage has brought $77 million up in Series E financing driven by Goldman Sachs Asset Management and B Capital.
The existing backers Steadview, Eight Roads, Multiples Alternate, and Matrix Partners also funded in the recent round.
“We are the leading customer engagement platform in India. We have over 500 customers in the country, including Sharechat, Flipkart, Byju’s, Ola, Domino’s, IIFL, Airtel, Ujjivan Bank, and Navi. We will continue investing in India and will soon open offices in Delhi, Mumbai, and Hyderabad to better support our customers and tap into talent outside Bengaluru” ~ Raviteja Dodda, co-founder and CEO, MoEngage
“We now have over 1200 customers in 35 countries and 650 global employees across our offices in the US, UK, Germany, UAE, India, Indonesia, Singapore, Vietnam, Malaysia, Philippines, and Thailand,” he further added.
MoEngage Looking Forward To Engage More Globally
MoEngage features cloud-based promoting administrations for consumer organizations. It was founded by Narasimha Reddy, Raviteja Dodda, and Yashwanth Kumar in 2014.
MoEngage serves organizations on drives across channels. It has headquartered in San Francisco, United States, California with offices in Bengaluru, Jakarta, London, and Berlin.
Over the most recent year, its annualized repeating income (ARR) developed by over 105%. It added 500 clients too.
It was started in one directing light- To construct the world’s most confided in client commitment stage. Pretty much every choice made inside the organization depends on what it would mean for the clients.
From product roadmap planning to hire someone, everything is taken care of.
MoEngage will be utilizing the subsidizing to introduce more current business sectors and to grow its impression in the US, Europe, Asia, and the Middle East.
“Consumer brands are moving beyond campaign-centric tools and adopting an insights-led multi-channel approach to customer engagement,” ~Raviteja Dodda, chief executive MoEngage
Till now it was only active in Bangalore but now it is looking forward to getting over to other cities too in order to explore more. The organization intends to open workplaces in Delhi, Mumbai and Hyderabad to offer better help to clients and tap into the ability pool.
Scaling up the examination abilities and investigating vital acquisitions will be the strategic agenda using the assets.
“MoEngage’s driving innovation stage gives advertisers sagacious, continuous information, empowering them to coordinate and run powerful missions to construct and hold client connections to upgrade client lifetime esteem. As organizations try to more readily draw in clients across computerized channels,” ~ Rajat Sood, MD
The investors put their belief in the firm and believe that MoEngage being an AI-first stage is assisting organizations with withholding clients and giving bits of knowledge on client ventures across channels.
With more than 1,200 clients across 35 nations today it is helping organizations connect with and hold more than one billion clients on the stage around the world.
Goldman Sachs Asset Management for the very first time invested in an Indian SaaS Organization and a lot more is expected from this. With this addition, the hopes are high and Indian alliances are already doing excellent.