MoEngage, a San Francisco- and Bengaluru-based customer engagement platform for consumer brands, has raised an additional $180 million in funding, bringing its total Series F raised to $280 million.
Investors
The round was led by ChrysCapital and Dragon Funds, with participation from Schroders Capital, TR Capital, and B Capital.
Founded in 1999, ChrysCapital is one of India’s largest and most established investment firms. The firm has raised $8.5 billion across 10 private equity funds, a continuation fund, and a public markets fund, and has invested in more than 110 companies through its PE funds. These investments span sectors that leverage India’s knowledge and cost advantages to build world-class companies, including financial services, healthcare, enterprise technology, and consumer brands.
Launched in 2023, Dragon Funds is an equity investment platform that invests globally in growth-stage technology and technology-enabled companies. The platform is anchored by MUFG and leverages its extensive network to accelerate the revenue growth of its portfolio companies.
MoEngage Use of Funds
The company will use the funds to accelerate innovation across MoEngage’s Merlin AI suite, expand go-to-market teams across North America and EMEA, and pursue strategic acquisitions to extend product capabilities and support global expansion.
About MoEngage
MoEngage is an insights-led customer engagement platform trusted by more than 1,350 global consumer brands across fintech, retail, e-commerce, media, travel, and telecommunications. The platform empowers marketers and product owners with deep insights into customer behavior, enabling them to act on those insights and engage customers across web, mobile, email, social, and messaging channels. Headquartered in San Francisco, with offices across North America, EMEA, APAC, and India, MoEngage serves global enterprises including SoundCloud, McAfee, Flipkart, Kayak, Domino’s, Deutsche Telekom, and Travelodge.
Funding Details
Company: MoEngage, Inc.
Raised: $180.0M
Round: Series F
Funding Date: December 2025
Lead Investors: ChrysCapital, Dragon Funds
Additional Investors: Schroders Capital, TR Capital, B Capital
Company Website: https://www.moengage.com/
Software Category: Customer Engagement / Marketing Technology (MarTech)
Source: https://www.moengage.com/in-the-news/moengage-gets-additonal-180m-in-series-f-funding/