Weeks After Raising $100M, Investors Pump Another $180M Into Hot Indian Startup MoEngage
MoEngage raises $180M in funding to enhance AI capabilities and expand market reach. Discover what this means for the startup landscape.
Matilda
Weeks After Raising $100M, Investors Pump Another $180M Into Hot Indian Startup MoEngage
A Major Boost for MoEngage In a striking move that underscores the growth potential of the Indian startup ecosystem, MoEngage—a customer engagement platform—has successfully raised an impressive $180 million in a Series F funding round. This comes just over a month after securing $100 million, raising questions about the rapid evolution of tech investments in India. With a valuation exceeding $900 million and annualized recurring revenue nearing $100 million, MoEngage is set to leverage this fresh capital primarily for enhancing its AI-driven capabilities. Credit: MoEngage Significant Secondary Transactions Fuel Growth The recent funding round is particularly noteworthy for its structure. Approximately $123 million was allocated to secondary transactions, allowing existing investors and employees to cash out. This included a $15 million employee tender, providing liquidity to 259 current and former employees. Such moves are becoming increasingly popular among startups, as they not only re…
