Retention Platform Clevertap Bags $105 Million In Fresh Funding
08/09/22, 6:04 PM
Location
india
Money raised
$105 million
Industry
enterprise software
saas
software
Customer engagement and retention platform Clevertap has raised $105 million in a new financing round, the latest in a series of India-origin startups making fast inroads in the global SaaS race.
Company Info
Location
sv road
india
Additional Info
Canada’s pension fund Caisse de dépôt et placement du Québec (CDPQ) led the California-headquartered startup’s Series D funding, with participation from IIFL AMC’s Tech Fund, Tiger Global, Sequoia India and Recruit Holdings, the startup said Tuesday. The startup operates cloud-based customer management and engagement tracking tools that help its clients sustain their user bases and increase their lifetime value. (Image: Clevertap)Over 1,200 customers — including EA, TED, Gojek, Mercedes Benz and Canon — across more than five dozen nations use Clevertap to power over 10,000 apps, the startup said. Clevertap says it sifts through data points in apps to offer contextual and personalized recommendations to clients, who also use the platform to run campaigns to test new features and offerings. Clevertap, which started its journey in India, is among a growing list of SaaS startups that are increasingly gaining adoption in the U.S., Europe, UK and other international markets and regions.