MoEngage raises $77 mln in sequence E funding led by Goldman Sachs, B Capital

US-based buyer engagement platform, MoEngage has raised a whopping $77 million in a Collection E funding spherical led by Goldman Sachs Asset Administration and B Capital.

Current traders like Steadview Capital, A number of Alternate Asset Administration, Eight Roads Ventures, and Matrix Companions India additionally participated within the funding spherical.

That is the primary funding of Goldman Sachs Asset Administration in an Indian SaaS (software program as a service) firm, MoEngage stated in a PTI report.

MoEngage plans to make use of the extra funds to deepen its geographic footprint within the US, Europe, Asia, and Center-East markets and in addition develop in new markets like Latin America and Australia.

Additionally, the funds shall be used to discover strategic acquisitions that may assist prolong the corporate’s capabilities and supply extra worth to clients.

Within the final 12 months, this might be the third spherical of funding raised by the corporate. Earlier, MoEngage raised $32.5 million in July and $30 million in December final yr.

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