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MoEngage

MoEngage India Private Limited Bangalore, Karnataka Founded 2014 moengage.com ↗
Raviteja Dodda · Co-founder & CEO Yashwanth Kumar · Co-founder
$457.75 MnTotal funding (tracked)
8Funding rounds
16 Dec 2025Last round

MoEngage: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Agentic, AI-powered customer engagement

MoEngage positions itself as an "Agentic Customer Engagement Platform" for marketing and product teams, using AI agents to handle workflows and make real-time customer decisions, powered by its purpose-built Merlin AI.

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Unified customer data & personalization

The platform unifies data silos to uncover upsell/cross-sell opportunities and deliver personalized, omnichannel engagement across website, email, SMS and mobile app.

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Real-time transactional alerts via a single API

MoEngage Inform delivers critical, real-time transactional alerts to customers through a single API.

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Global scale, security & compliance

The platform is built for scale and security with global infrastructure and compliance focus, and (via its AWS-hosted infrastructure) supports GDPR, HIPAA, PCI-DSS and FedRAMP standards.

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Customer Segments

Consumer (B2C) brands globally1,350+ brands / 75 countries

1,350+ consumer brands across 75 countries use the platform, including enterprises like Deutsche Telekom, Samsung and Ally alongside mobile-first brands.

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Retail & e-commerce

Retail and e-commerce teams use MoEngage to personalize campaigns, recover abandoned carts, recommend products and drive repeat purchases (named customers include Spencer's, Mamaearth, Lifestyle).

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Banking, financial services & fintech (BFSI)

MoEngage serves BFSI brands that face long customer journeys, high-stakes decisions and narrow windows to reach customers at the right moment.

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Media, entertainment & OTT / streaming

Streaming platforms, OTT services and content brands use MoEngage to drive content discovery, reduce subscription churn and keep audiences engaged.

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Marquee India-based consumer internet brands

Named customers featured on MoEngage's own site include Flipkart, Swiggy, Domino's, Airtel, OYO and Ola.

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Customer Relationships

Quarterly business reviews (Enterprise tier)

MoEngage's Enterprise plan includes "Quarterly business reviews with MoEngage consultation" as a relationship touchpoint for large accounts.

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In-house reachability/engagement experts (Growth tier)

The Growth plan gives customers access to "in-house experts on customer engagement and reachability" to help teams get more from the platform.

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Published customer success stories

MoEngage maintains a customer-stories/case-study library (e.g. Spencer's cart-abandonment results, Mamaearth and Lifestyle retention gains) used to build trust with prospects.

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Channels

Direct enterprise sales

MoEngage is expanding its go-to-market by growing sales and customer success teams in North America and EMEA following its Series F funding.

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Website self-serve (demo/quote requests)

MoEngage's pricing page routes visitors to "Let's Talk" and "Request Demo" rather than listing self-checkout pricing, i.e. a sales-assisted, quote-based acquisition channel.

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Technology & solution partner ecosystem

MoEngage is deployed on AWS public cloud infrastructure and integrates with AWS Communication Developer Services (SES, End User Messaging) as part of its go-to-market and delivery.

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Key Activities

AI product R&D (Merlin AI agents)

MoEngage has invested heavily in generative AI and decisioning AI, reflected in its Merlin AI suite, which includes a range of AI agents built for marketing use cases; Series F proceeds are earmarked to keep building this out.

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Sales & customer-success expansion in North America and EMEA

The company plans to expand its sales and customer success teams in North America and EMEA to support growth, per its Series F announcement.

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Customer engagement campaign orchestration

Core day-to-day activity is running cross-channel customer engagement campaigns (analytics/insights, cross-channel messaging, web/app personalization, real-time transactional alerts) for its 1,350+ brand customers.

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Key Resources

Merlin AI platform

Merlin AI is described as "purpose-built artificial intelligence for marketing professionals" and is the core proprietary technology MoEngage is investing its Series F capital into expanding (a suite of AI agents built for marketing use cases).

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Global workforce across 15 offices

MoEngage employs roughly 800 people across 15 offices worldwide.

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Key Partnerships

AWS (cloud infrastructure & messaging)

MoEngage is deployed on AWS public cloud infrastructure and integrates with Amazon Simple Email Service (SES) and AWS End User Messaging (EUM) — part of AWS Communication Developer Services — for email and SMS/push delivery at scale.

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Salesforce (CRM integration)

MoEngage offers a bi-directional, real-time integration with Salesforce, sold as a paid CRM add-on, to sync contacts/leads/opportunities between the two platforms.

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Revenue Streams

SaaS subscription — Growth plan

A named subscription tier, the Growth Plan, is described as "essential solutions for growing teams," sold on a custom-quote basis rather than listed self-serve pricing.

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SaaS subscription — Enterprise plan

The Enterprise Plan targets "multi-functional teams with global operations" and includes enterprise-grade compliance (local data servers, IP whitelisting), also sold via custom quote.

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Add-on modules: Inform and Personalize

MoEngage sells standalone add-on products — "MoEngage Inform" for real-time transactional alerts and "MoEngage Personalize" for website personalization and A/B testing.

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Cost Structure

Total operating expenses (India entity, FY24)

MoEngage India Private Limited's standalone total expenses were ₹326.9 Cr in FY24 against ₹311.5 Cr revenue, resulting in a ₹15.4 Cr net loss.

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Global sales, customer-success & GTM headcount

A large share of new capital is directed at expanding sales and customer success teams in North America and EMEA, on top of an existing ~800-person, 15-office global workforce.

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FAQs on MoEngage

What is MoEngage's business model?

MoEngage's core value proposition centers on Agentic, AI-powered customer engagement, Unified customer data & personalization, Real-time transactional alerts via a single API, Global scale, security & compliance.

How does MoEngage make money?

MoEngage's cited revenue streams include SaaS subscription — Growth plan, SaaS subscription — Enterprise plan, Add-on modules: Inform and Personalize.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: www.zaubacorp.com · Last verified 17 Jul 2026. · Report a correction