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AI firm CleverTap raises $35 mn in funding round led by Tiger Global

Funds will be used to fuel team growth across engineering, sales, and marketing across the US, Latin America, Europe, and Asia

Global lenders have been selective in taking exposure to Indian NBFCs. Strong parentage adds to the appeal, but is not a passport to syndication success
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Peerzada Abrar Bengaluru
CleverTap, a start-up specialising in mobile marketing and analytics, said it has raised $35 million in Series C funding for its global growth plans. The round was led by existing investors Tiger Global Management and Sequoia India. This new funding increases CleverTap’s outside investment to $61 million since the beginning of 2019 — a period that has seen the company’s valuation more than double from $150 million to $385 million.

Global expansion and product development will be primary areas of emphasis for the company. Funds will be used to fuel team growth across engineering, sales, and marketing across the US, Latin