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Customer engagement enabler CleverTap in talks with CDPQ, IIFL to raise $75-M

Economic Times  

Customer engagement and user retention software provider Clevertap is set to raise around USD 75 million from Canada's CDPQ and IIFL. After the financing round, the Mumbai- and California-based company will be valued at USD 750-775 million, more than double from its previous round. The company had raised USD 35 million as part of its Series C round, led by Sequoia Capital and Tiger Global, in October 2019 when it was valued at USD 385 million. Clevertap was aiming to close the new round at a USD 1 Billion valuation but had tempered down its expectations due to the overall market slowdown.