CleverTap raises $35 mn funding from Tiger Global & others
New Delhi, Oct 16- CleverTap, an AI-powered customer lifecycle, and user retention platform has raised USD 35 million (over Rs 250 crore) in series C funding, led by existing investors Tiger Global Management and Sequoia India.
This new funding increases CleverTap’s external investment to USD 61 million since the beginning of 2019 a period that has seen the company’s valuation more than double from USD 150 million to USD 385 million, a statement said.
"Growing at 250 per cent year-on-year since 2015, CleverTap intends to use the funds to build out its new US-based engineering hub, add enhanced predictive capabilities to its market-leading platform, and fuel an aggressive global go-to-market expansion strategy," it added.
Sunil Thomas, co-founder and CEO of CleverTap, said, the la...