B2B SaaS platform CleverTap raised $105 million in Series D led by Canada-based investment group CDPQ where IIFL AMC’s Tech Fund and existing investors – Tiger Global and Sequoia India, also participated.
CleverTap is an AI-powered business-to-business platform that assists businesses in analysing user behaviour and sending personalised notifications to their customers. In essence, it assists businesses in improving customer engagement. CleverTap plans to use the new funds to expand its global footprint and improve its technology offerings. CleverTap claims to have served over 12,000 customers from over 100 different countries. Among its clients are Gojek, ShopX, Canon, Electronic Arts, TED, English Premier League, TD Bank, Carousell, and AirAsia.