Goldman Sachs is considering investing up to $50 million in Bengaluru-based software-as-a-service (SaaS) firm MoEngage through a secondary transaction, The Economic Times reported.
The potential funding comes amid increasing deal activity in late-stage startups such as Whatfix, Innovaccer, Icertis, Atlan, and Rocketlane.
Goldman may buy shares from MoEngage’s early shareholders, the report said, citing a person aware of the negotiations.
The marketing-focused software company was last valued at $700 million following a $77 million funding round led by Goldman Sachs and B Capital.
More Top Stories:
SpaceX’s fifth Starship test flight notches historic booster catch
Tata Trusts appoints Noel Tata chairman
Mounting risks cloud global trade horizon, WTO warns
Fortunes of top 100 rich Indians swell by 40% to cross $1 trillion: Forbes
India can unlock $15 bn in Taiwanese electronics funding: study
