About CleverTap
CleverTap is a company based in Bengaluru (India) founded in 2021 by Mukul Anand, Akshay Suhag, Akhil Suhag, and Tushar Dhara was acquired by CleverTap in April 2025. It operates as a SaaS (Software-as-a-Service). CleverTap has raised $500 thousand across 1 funding round from investors including CleverTap and Y Combinator. The company has 479 employees as of December 04, 2024. CleverTap offers products and services including CleverTap All-In-One Platform and CleverAI™. CleverTap operates in a competitive market with competitors including Upside, BNI, Extole, Firstup and Mention Me, among others.
- Headquarter Bengaluru, India
- Employees 479 as on 04 Dec, 2024
- Founders Mukul Anand, Akshay Suhag, Akhil Suhag, Tushar Dhara
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Clevertap Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$51.83 M (USD)8.6as on Mar 31, 2024
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Net Profit
$3.55 M (USD)-0.13as on Mar 31, 2024
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EBITDA
$3.85 M (USD)-19.92as on Mar 31, 2024
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Jun 01, 2022
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Investors
CleverTap
& 1 more
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Employee Count
479
as on Dec 04, 2024
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Acquired by
CleverTap
(Apr 15, 2025)
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Products & Services of CleverTap
CleverTap offers a comprehensive portfolio of products and services, including CleverTap All-In-One Platform and CleverAI™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Customer engagement is enhanced through an integrated platform.
AI-driven insights are provided for better customer decisions.
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Funding Insights of CleverTap
CleverTap has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $500,000
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First Round
First Round
(01 Jun 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - CleverTap | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CleverTap
CleverTap has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include CleverTap and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Cloud-based customer engagement platform for messaging and analytics is utilized.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CleverTap
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CleverTap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clevertap Comparisons
Competitors of CleverTap
CleverTap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Upside, BNI, Extole, Firstup and Mention Me, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Promotion management and cashback solutions are provided to retailers.
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| domain | founded_year | HQ Location |
Referral marketing solutions are provided to businesses through networking platforms.
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| domain | founded_year | HQ Location |
B2C and P2P referral automation platform
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| domain | founded_year | HQ Location |
Cloud-based communication and employee experience management platform for enterprises
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| domain | founded_year | HQ Location |
Referral marketing solutions are delivered for eCommerce via word-of-mouth channels.
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| domain | founded_year | HQ Location |
App-based online platform offering rewards
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about CleverTap
When was CleverTap founded?
CleverTap was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is CleverTap located?
CleverTap is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of CleverTap?
Akhil Suhag is the current CEO of CleverTap. They have also founded this company.
Is CleverTap a funded company?
CleverTap is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jun 01, 2022.
How many employees does CleverTap have?
As of Dec 04, 2024, the latest employee count at CleverTap is 479.
What is the annual revenue of CleverTap?
Annual revenue of CleverTap is $51.83M as on Mar 31, 2024.
What does CleverTap do?
CleverTap is established as a leading all-in-one customer engagement platform. Solutions are offered across various sectors including e-commerce, subscriptions, financial services, and gaming. Customer data analytics, personalization, and campaign orchestration are provided to enhance user experiences. Verticalized solutions are tailored for larger enterprises to maximize customer lifetime value. The platform is trusted by over 2000 brands worldwide for building loyalty and advocacy.
Who are the top competitors of CleverTap?
What products or services does CleverTap offer?
CleverTap offers CleverTap All-In-One Platform and CleverAI™.
Who are CleverTap's investors?
CleverTap has 2 investors. Key investors include CleverTap, and Y Combinator.
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