MoEngage Secures $100 Million in Series F Funding Led by Goldman Sachs for Global Growth and AI Enhancement

MoEngage, a customer engagement platform operating in 75 countries, has successfully closed a $100 million Series F funding round. The round was led by Goldman Sachs Alternatives, an existing investor, with A91 Partners joining as a new investor. This significant capital infusion is earmarked for enhancing MoEngage's global growth strategies and further integrating Artificial Intelligence into its platform.

The company has now cumulatively raised $250 million. In today's digital-first market, brands face intense competition for customer attention, driving a need for personalized marketing and AI-driven tools that automate decision-making. MoEngage addresses this with its Merlin AI suite, which assists marketing and product teams in launching campaigns faster and improving targeting efficiency.

Raviteja Dodda, co-founder and CEO of MoEngage, stated that the company helps B2C brands engage more effectively by utilizing their first-party data. While initially focused on India and Southeast Asia, MoEngage has expanded significantly, with North America now contributing over 30% of its revenue, followed by Europe and the Middle East (approximately 25%), and the remaining from India and Southeast Asia (approximately 45%).

The investment from Goldman Sachs, which also co-led MoEngage's Series E round, is seen as a strong validation of the company's fundamentals. MoEngage serves over 1,350 brands globally, including well-known names like SoundCloud, Domino's, Swiggy, and Flipkart.

Impact: This funding round positions MoEngage for accelerated growth and deeper market penetration, particularly in AI-driven customer engagement solutions. It strengthens its competitive standing against established players and other MarTech platforms. For investors tracking the Indian SaaS sector, this signals continued strength and global ambition in homegrown technology companies. The infusion of capital will likely lead to product innovation and market expansion, potentially enhancing MoEngage's valuation and future prospects. Rating: 7/10.

Difficult terms: Customer Engagement Platform: A software solution that helps businesses manage and improve interactions with their customers across various communication channels. Goldman Sachs Alternatives: A division of the global investment bank Goldman Sachs that focuses on alternative investment strategies, such as private equity and venture capital. AI (Artificial Intelligence): The simulation of human intelligence processes by computer systems, enabling them to learn, problem-solve, and make decisions. Series F round: A stage of venture capital financing for a company that has already completed multiple earlier rounds of funding, indicating significant maturity and growth. Primary/Secondary shares: Primary shares represent new equity issued by a company, while secondary shares are existing shares sold by current shareholders. A91 Partners: An Indian venture capital firm that invests in growth-stage companies. Merlin AI suite: MoEngage's proprietary suite of artificial intelligence tools designed to automate marketing tasks and enhance customer engagement strategies. B2C brands (Business-to-Consumer): Companies that sell products or services directly to individual consumers. First-party data: Data collected directly by a company from its customers. North America: The region comprising the United States, Canada, and Mexico. Europe, Middle East, and Africa (EMEA): A broad geographical region often grouped together in business contexts. SaaS (Software as a Service): A software distribution model where a third-party provider hosts applications and makes them available to customers over the Internet. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): A measure of a company's operating performance. CAGR (Compound Annual Growth Rate): The average annual growth rate of an investment over a specified period, assuming that profits were reinvested. IPO (Initial Public Offering): The process by which a private company becomes public by selling shares to investors on a stock exchange.