Khaitan & Co advised and assisted Goldman Sachs on the USD 77 million series E fund raise in MoEngage Inc.
| NO | HEADINGS | DETAILS |
| 1. | Sector | B2B SaaS,IT/ITeS |
| 2. | Announcement Date | 01-Jun-2022 |
| 3. | Completion Date | 19-May-2022 |
| 4. | Name of Client | Goldman Sachs Asset Management Growth Equity (“Goldman Sachs”) |
| 5. | Investor Details | Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), they deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2022. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Since 2003 the Growth Equity business within Goldman Sachs Asset Management comprising more than 75 individuals has invested over $13 billion in companies led by visionary founders and CEOs. They focus exclusively on investments in growth stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer and healthcare |
| 6. | Target Details | MoEngage Inc | USA |
| 7. | Deal Description | Advised and assisted Goldman Sachs on the USD 77 million series E fund raise in MoEngage Inc, a leading customer engagement platform (along with Herbert Smith Freehills Singapore). This round is led by Goldman Sachs Asset Management and B Capital, with participation from the company’s existing investors Steadview Capital, Multiples Alternate Asset Management, Eight Roads Ventures, and Matrix Partners India. |
| 8. | Total Consideration | USD 77 million |
| 9. | Team Members | The core team consisted of Kartick Maheshwari (Partner), Ashraya Rao (Partner) and Ravali Rayaprolu (Senior Associate) with assistance from the following on the diligence aspects:
Anisha Chand (Partner), Anshul Prakash (Partner), Supratim Chakraborty (Partner), Abhimanyu Pal (Principal Associate), Sourav Dan (Principal Associate), Sumantra Bose (Principal Associate), Kruthi Murthy (Senior Associate), Sheldon Dsouza (Senior Associate), Tashi Gyanee (Associate), Divya Kumar (Associate), Saranya Mishra (Associate), Shilpa Shankar (Associate), Shramana Dwibedi (Associate), Vaishanshi Bhardwaj (Associate) and Vaishali Adhikari (IP Associate).
Khaitan and Co Bengaluru office advised B Capital. |
| 10. | Role of Firm | Assisted in the due diligence aspects and the transaction documents. |