Retention platform Clevertap bags $105 million in fresh funding

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.
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 new round values the startup at about $775 million, up from $385 million in 2019.
The startup operates cloud-based customer managem

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