MoEngage, a customer engagement platform for consumer brands, has raised an additional $180 million as part of its Series F funding 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 current investors TR Capital and B Capital.
The fresh funds raised 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. MoEngage continues to deepen its presence across Australia, New Zealand, and Southeast Asia, where enterprise brands are modernizing their customer engagement stacks and unifying marketing and product workflows.
MoEngage has completed its second employee tender offer, totalling approximately $15 million, which benefits 259 current & former employees in their wealth creation journey. The round included select secondary transactions for early investors, namely Eight Roads, Helion Venture Partners, Matrix Partners, and Ventureast.
Raviteja Dodda, CEO & Co-founder, MoEngage, said, “At MoEngage, we believe our success is a collective effort, built on a culture of ownership and innovation. It is vital that we recognize the people who brought us to this stage. This liquidity program reflects that commitment by ensuring that the builders of MoEngage, our employees, and early investors have the opportunity to directly share in the milestones we achieve together. We are grateful for the partnership of ChrysCapital, Dragon Funds, Schroders Capital, TR Capital, and B Capital as we continue to scale globally.”
“Customer engagement has never belonged to just one team. Customers move through many moments, and those moments should feel connected and supportive. When product, engineering, and marketing work from the same data and tools, they can show up more naturally for their audiences. That’s the experience we want to help companies deliver so they can grow their brands,” added Dodda.
Rishabh Iyer, Vice President at ChrysCapital, said, “ChrysCapital is excited to partner with MoEngage for its next phase of AI-led growth. This investment aligns with our strategy to back technology platforms, built in India for global enterprises, leveraging deep talent, capital efficiency, and a sophisticated understanding of enterprise needs. We are impressed by MoEngage’s disciplined operating model, sustained US execution, and broad product capabilities. We look forward to helping the team become the world’s leading marketing technology platform.”
Ridhi Chaudhary, CIO of Dragon Funds, said, “We are pleased to partner with MoEngage, impressed by its strong management, continuous product innovation, and durable growth. We believe MoEngage’s best-in-class product and AI capabilities position it well to lead the martech category.”
Aakash Tulsani, Managing Director at Dragon Funds, said, “MoEngage sets the bar for innovation by leveraging AI on first-party data, making it essential for marketers. It is a privilege to partner with MoEngage again, having invested previously.”
Founded in 2014 by Raviteja Dodda and Yashwanth Kumar, MoEngage offers insights-led customer engagement tools that help brands target users across web, mobile, email, and messaging channels.
Bengaluru and San Francisco-headquartered MoEngage is an insights-led customer engagement platform, trusted by over 1,350 global consumer brands, including SoundCloud, McAfee, Flipkart, Kayak, Domino’s, Deutsche Telekom, Travelodge, and more. MoEngage empowers marketers and product owners with insights into customer behavior, enabling them to act on those insights and engage customers across web, mobile, email, social, and messaging channels.
Its Merlin AI suite, a team of AI agents, enables marketers to launch campaigns faster and scale conversions with AI Decisioning. Consumer brands across 75 countries utilize MoEngage to deliver digital experiences to over 2 billion consumers every month.
Southeast Asia and ANZ are key growth markets for MoEngage, with enterprises in Singapore, Indonesia, the Philippines, Australia, and New Zealand rapidly adopting AI-powered, insights-led engagement platforms.
MoEngage partners with leading regional brands – including Kredivo, Alfamart, Blibli, XL Axiata, Trust Bank, Stan Entertainment, 13Cabs, Canstar, and TFE Hotels, as well as global names such as 7-Eleven, Coca-Cola, Starbucks, Samsung, Domino’s, KFC, and Nestlé, to unify customer data and deliver personalized, omnichannel experiences.
Building on its leadership as the customer engagement platform for marketers, MoEngage is strengthening its suite for Product Teams with MoEngage Analytics and MoEngage Inform. As modern customer engagement isn’t driven solely by marketing, product, and marketing teams must operate on shared data to ensure customer experiences are connected, not fragmented.
MoEngage Inform streamlines critical transactional messaging, such as OTPs, account updates and service updates, via a single API across messaging channels and delivery providers, ensuring reliability distinct from marketing campaigns. Meanwhile, the enhanced Product Analytics capabilities in MoEngage Analytics bridge the gap between insight and action. By unifying behavioral data with immediate engagement, MoEngage empowers Product Managers to uncover the ‘why’ behind user behavior and instantly trigger experiences that drive retention and LTV.
