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.