MoEngage raises $77 mn in round led by Goldman Sachs Asset Mgt, B Capital

MoEngage, the insights-led customer engagement platform, said it has raised $77 million in Series E funding led by Goldman Sachs Asset Management and B Capital, with participation from the company’s existing investors Steadview Capital, Multiples Alternate Asset Management, Eight Roads Ventures, and Matrix Partners India. This is Goldman Sachs Asset Management’s first investment in an Indian SaaS company.

This is the third round of funding raised by the company in the last 12 months, with $32.5 million raised in July and $30 million in December 2021.

MoEngage will use the additional funds to deepen its geographic footprint in the U.S.,