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