Funding
MoEngage in talks to close $260 million funding round; ChrysCap, Mars Growth, others may join as Z47 fully exits
[ad_1]
Enterprise software-as-a-service (SaaS) company MoEngage is finalising a $150 million transaction, the second tranche of a $260 million financing round, according to people aware of the matter.
The Bengaluru-based company is likely to be valued at $750 million pre-investment, they said, adding that a large chunk of the deal has seen existing investors sell shares to incoming ones.
Private equity firm ChrysCapital, Singapore’s Dragon Funds by Mars Equity, and Schroders Adveq are joining as new shareholders, said one of the people cited earlier.
Early…
[ad_2]
Source link
Continue Reading