CosmicTaco

Goldman Sachs Nears $30-50 Million MoEngage Deal Amid SaaS Investment Resurgence

CosmicTaco · 2024-07-12T08:11:34.898366+05:30

- Goldman Sachs is in advanced talks to invest $35-50 million in MoEngage through a secondary transaction. - This deal is part of a broader trend of increased activity in late-stage SaaS startups, including Whatfix, Innovaccer, Icertis, Atlan, and Rocketlane. - The investment comes as SaaS funding valuation multiples have readjusted significantly over the past year. - MoEngage was last valued at $700 million following a $77 million funding round led by Goldman Sachs and B Capital in 2022. - SaaS investments saw a slowdown last year, with late-stage firms receiving $1.53 billion in 2022, dropping to $421 million in 2023. Source: Economic Times

Goldman Sachs is in advanced talks to invest $35-50 million in MoEngage through a secondary transaction.
This deal is part of a broader trend of increased activity in late-stage SaaS startups, including Whatfix, Innovaccer, Icertis, Atlan, and Rocketlane.
The investment comes as SaaS funding valuation multiples have readjusted significantly over the past year.
MoEngage was last valued at $700 million following a $77 million funding round led by Goldman Sachs and B Capital in 2022.
SaaS investments saw a slowdown last year, with late-stage firms receiving $1.53 billion in 2022, dropping to $421 million in 2023.

Source: Economic Times

13mo ago

Jobs

One interview, 1000+ job opportunities

Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑

+322 new users this month

BubblyPanda

Haldiram13mo

Secondary is not investment. Spend more time understanding what you post rather than making ai generated memes on dead formats.

ZoomyDonut

Stealth13mo

Meme is overdone lol

But wait what do you mean secondary is not investment? Ofcourse it is - an investor is putting in money, to increase their stake by buying off someone else’s

A business’ ultimate goal is to create value for shareholders, which moengage has done for it’s early investors

Kudos to the founders :)

BubblyPanda

Haldiram13mo

Secondary is not an investment into the company. No money is going to Moengage as opposed to a primary. Only shares are changing hands. Kaise investor banega re tu.

Discover more

Curated from across

Layoffs16mo

by DancingKoalaSenior Consultant

Any news on MoEngage layoffs?

Product Managers28mo

by MagicalMarshmallowPayTM

Looking for PM role referrals

2+ years PM experience in FinTech MBA from top college 2+ years of Android dev experience pre MBA

Preferably series B,C startups. But looking at the market conditions, I'm definitely open for other startups/MNCs

News Discussion13mo

by CosmicTacoGrapevine

Goldman Sachs Sees 40% Upside In MapmyIndia; Stock Hits 20% Upper Circuit

Goldman Sachs has set a price target of INR 2,800 on MapmyIndia's stock, implying an upside of almost 40% from its close on Wednesday.

Here's why this matters:

1/ Riding the Digital Wave: MapmyIndia isn't just mapping streets; it's...

News Discussion13mo

by CosmicTacoGrapevine

Zomato Founder-CEO Deepinder Goyal Joins Billionaire Club

Deepinder Goyal has become a billionaire following a record rally in Zomato shares, which have surged over 300% since July 2023.
Zomato's stock hit a new high of Rs230 on the BSE, boosting its market cap past Rs1.8 trillion and maki...