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MoEngage raises additional $180 Mn in Series F, completes $15 Mn liquidity event

EntrackrEntrackr · 7h ago
MoEngage raises additional $180 Mn in Series F, completes $15 Mn liquidity event
Medial

MoEngage raises additional $180 Mn in Series F, completes $15 Mn liquidity event MoEngage, a customer engagement platform for consumer brands, announced that it has raised an additional $180 million as part of its Series F round. This follows the $100 million secured in November 2025, taking the total Series F raise to $280 million. The latest investment was led by new investors ChrysCapital and Dragon Funds, alongside Schroders Capital, with continued participation from existing investors TR Capital and B Capital. The capital will be used to accelerate innovation for the Merlin AI suite, scale go-to-market teams in North America and EMEA, and explore strategic acquisitions that extend the platform’s capabilities or accelerate global expansion. MoEngage has completed its second employee tender offer worth around $15 million, providing liquidity to 259 current and former employees. The transaction also included select secondary sales by early investors, including Eight Roads Ventures, Helion Venture Partners, Z47, and Ventureast. While the company declined to comment on its valuation, its post-money valuation is estimated to be in the range of $850–900 million. Founded in 2014 by Raviteja Dodda and Yashwanth Kumar, MoEngage provides insight-driven customer engagement tools that help brands reach users across web, mobile, email, and messaging channels. Its clients include SoundCloud, McAfee, Flipkart, Kayak, Domino’s, and Deutsche Telekom. MoEngage Inform enables reliable delivery of critical transactional messages such as OTPs and account updates through a single API, separate from marketing campaigns. Its Product Analytics offering combines behavioral data with real-time engagement, helping teams understand user behavior and drive retention and lifetime value. The company serves over 1,350 consumer brands across 75 countries, powering digital experiences for more than 2 billion users each month.

ChrysCapital closes $2.2 Bn Fund X

EntrackrEntrackr · 1m ago
ChrysCapital closes $2.2 Bn Fund X
Medial

ChrysCapital has closed Fund X at $2.2 billion, the largest private equity fund raised by an India-focused firm. Fund X is a 60% increase from Fund IX of $1.35 billion, closed in 2022. The firm plans to invest the capital in established companies across consumer, healthcare, financial services, enterprise technology, and industrial sectors. ChrysCapital has now raised around $8.5 billion across ten private equity funds, a continuation vehicle, and a public markets fund since 1999. It has deployed over $5.5 billion across 110 portfolio companies and realised $7.8 billion across 80 exits with a reported 3.0x ROI. Its past investments include Intas Pharmaceuticals, Mankind Pharma, GeBBS Healthcare, Infogain, NSE, and Awfis. Fund X added over 30 new global investors, including pension funds, insurers, asset managers, and family offices from Japan, the Middle East, Southeast Asia, Europe, and the US. For the first time, ChrysCapital also raised capital from Indian institutional investors and large family offices. The fund reached its final close within six months of its first close. The firm plans to deploy Fund X over the next 3–4 years and has several transactions in progress. The strategy continues to focus on majority and minority investments in businesses with strong governance, clear growth levers, and defined exit visibility. ChrysCapital competes with PE firms active in India such as TPG, Bain Capital, KKR, Blackstone, Carlyle, Warburg Pincus, and Multiples.

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