Liquidity Events
Eight Roads Ventures sells stakes in 3 cos. to TR Capital in $50-M secondary deal
Eight Roads Ventures has sold its stakes in MoEngage, Whatfix and Shadowfax to TR Capital in a USD 50-million secondary transaction. Fidelity-backed Eight Roads first invested in Shadowfax in 2015, Moengage in 2020 and Whatfix in 2019.MoEngage is a customer engagement platform designed for marketers and product owners to engage, retain and acquire customers across digital touchpoints. Whatfix provides in-app guidance, training and analytics to help users navigate underlying enterprise software. Shadowfax is a last-mile logistics player that operates in more than 2,500 cities and towns and delivers more than two million shipments daily.TR Capital invests across Asia in sectors such as technology, next-gen consumer and healthcare segments.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
