Clevertap raises $105 million in funding led by CDPQ

Customer engagement and user retention software platform, Clevertap said it has raised $105 million in a Series D funding round led by global investment group CDPQ. IIFL AMC’s tech fund along with existing investors Tiger Global and Sequoia India also participated in the financing round, the company said in a prepared statement.

ET had reported on August 9 that the company was in talks to raise $75 million from CDPQ and IIFL at a valuation of $750-775 million, doubling from its previous round.