Goldman Sachs Nears $30-50 Million MoEngage Deal Amid SaaS Investment Resurgence
- 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
Secondary is not investment. Spend more time understanding what you post rather than making ai generated memes on dead formats.
jinyang
Stealth
2 months ago
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 :)
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.
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