Akshata Sharma
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Goldman Sachs is looking to double down on Bengaluru-based MoEngage
and is also in advanced discussions with the software as a service (SaaS) provider to invest $30-50 Mn (INR 250-418 Cr) via secondary deal
This comes at a time when investors such as GetVantage and Velocity have announced fund allocation to invest in high potential SaaS startups as the sector has seen a higher traction in 2024.
The deal activity has picked up pace even as SaaS funding valuation multiples have readjusted significantly over the past year, based on people aware of the developments.
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