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

5mo ago

Find out if you are being paid fairly.Download Grapevine

BubblyPanda

Haldiram5mo

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

ZoomyDonut

Stealth5mo

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

Haldiram5mo

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.