B2B SaaS startup WebEngage Series B funding raise
A new B2B SaaS startup WebEngage In a Series B round headed by Singularity Growth Opportunities Fund and SWC Global, with participation from previous investors India Quotient, Blume Ventures, and IAN Fund, WebEngage said today that it has raised $20 million.
A few family offices, such as Unmaj Corporation, NB Ventures, Shashwat Nakrani (co-founder of BharatPe), and Gopal Srinivasan (Chairman, TVS Capital), among others, also participated in the round.
The co-founder and CEO of WebEngage, Avlesh Singh, said, “We are privileged to have existing partners double down on their faith in us. We are incredibly happy to have Singularity Growth Opportunities Fund and SWC Global as our new partners. We offer tickets for front-row seats for everyone who wants to join us on our mission to Simplify Retention For The World, and the ride has just begun.
B2B SaaS startup WebEngage
“WebEngage’s comprehensive customer engagement platform truly empowers companies to listen to their customers better, to understand their behaviour in-depth through clever customer segmentation, and to act on that knowledge in a way that is personal,” said Apurva Patel, Managing Partner of Singularity Growth Opportunities Fund. We were captivated by Avlesh and his team’s capacity to generate traction.
“We have always held the conviction that the finest teams create the best products, and that in the end, the best products triumph. This is our fourth investment in WebEngage, and we plan to support them as much as we can going forward. WebEngage further supports our conviction that SaaS winners in India can expand internationally and replicate their success “on their investment, Anand Lunia, Founding Partner at India Quotient, stated.
The business is now assisting enterprise clients’ digital transformation journeys while also working with 600+ clients, including new economy and internet-first enterprises.