About CleverTap
CleverTap is a company based in San Francisco (United States) founded in 2013 by Suresh Kondamudi, Anand Jain, and Sunil Thomas.. CleverTap has raised $181.6 million across 8 funding rounds from investors including Accel, 360 One and Plug and Play Tech Center. The company has 479 employees as of December 04, 2024. CleverTap has completed 3 acquisitions, including CleverTap, Leanplum and PatchUS. CleverTap offers products and services including Customer Engagement Platform, Customer Data & Analytics, Push Notifications, Personalization, and Campaign Orchestration. CleverTap operates in a competitive market with competitors including Braze, Capillary Technologies, Gupshup, MoEngage and Blueshift, among others.
- Headquarter San Francisco, United States
- Employees 479 as on 04 Dec, 2024
- Founders Suresh Kondamudi, Anand Jain, Sunil Thomas
- Stage Minicorn
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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
- Date of Incorporation 24 May, 2013
- 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
$181.6 M (USD)
in 8 rounds
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Latest Funding Round
$105 M (USD), Series D
Aug 05, 2022
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Investors
Accel
& 6 more
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Employee Count
479
as on Dec 04, 2024
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Investments & Acquisitions
CleverTap
& 2 more
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Products & Services of CleverTap
CleverTap offers a comprehensive portfolio of products and services, including Customer Engagement Platform, Customer Data & Analytics, Push Notifications, Personalization, and Campaign Orchestration. 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.
Platform for analyzing data and orchestrating personalized campaigns.
Tool to ingest, analyze, and segment customer data effectively.
Service for sending targeted notifications to users.
Feature for contextualizing customer experiences in real-time.
System to build omnichannel customer experiences.
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Funding Insights of CleverTap
CleverTap has successfully raised a total of $181.6M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $105 million completed in August 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 8
- Last Round Series D — $105.0M
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First Round
First Round
(26 Jun 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series D - CleverTap | Valuation | Caisse de depot et placement du Quebec | |
| Sep, 2019 | Amount | Series C - CleverTap | Valuation | Tiger Global Management , Peak XV Partners |
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| Apr, 2019 | Amount | Series B - CleverTap | Valuation | Peak XV Partners |
| 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 |
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Investors in CleverTap
CleverTap has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Accel, 360 One and Plug and Play Tech Center. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Investment strategies are provided across diverse asset classes and markets.
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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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
CleverTap has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CleverTap, Leanplum and PatchUS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Customer engagement is facilitated via reward-based promotions and referrals.
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2021 | ||||
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Secure messaging solutions are delivered via a cloud-based platform.
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2017 | ||||
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Mobile A/B testing, personalization & analytics platform
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
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 Braze, Capillary Technologies, Gupshup, MoEngage and Blueshift, 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 |
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| domain | founded_year | HQ Location |
AI-based omnichannel customer engagement solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
AI-powered loyalty management software is offered for enterprises.
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| domain | founded_year | HQ Location |
Tools for customer engagement across multiple channels are provided.
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| domain | founded_year | HQ Location |
Cross-channel customer engagement software is delivered through a cloud platform.
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| domain | founded_year | HQ Location |
AI-driven platform for unifying customer data and automating personalized marketing.
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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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Latest news on Clevertap
Frequently Asked Questions about CleverTap
When was CleverTap founded?
CleverTap was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is CleverTap located?
CleverTap is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of CleverTap?
Sunil Thomas 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 $181.6M across 8 funding rounds to date. The company's 1st funding round was a Series B of $26M, raised on Jun 26, 2014.
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?
Cloud based customer engagement platform for businesses. It provides web messaging, push notifications, and in app messaging to connect with customers via SMS or email. The platform personalizes messages based on demographics and attributes such as loyalty status, language preference, or past behavioral data. It enables users to conduct AB tests on campaigns, test different copies, CTAs, creatives and more. It offers analytics tool to provide insights into user behavior and measure campaign performance. Features include cross channel messaging, campaign optimization, journey orchestration, audience segmentation, behavioral analytics, compliance, and more. It caters its solution to industries such as ecommerce, gaming, and finance.
Who are the top competitors of CleverTap?
CleverTap's top competitors include Capillary Technologies, MoEngage and Blueshift.
What products or services does CleverTap offer?
CleverTap offers Customer Engagement Platform, Customer Data & Analytics, Push Notifications, Personalization, and Campaign Orchestration.
How many acquisitions has CleverTap made?
Who are CleverTap's investors?
CleverTap has 7 investors. Key investors include Accel, 360 One, Plug and Play Tech Center, Peak XV Partners, and Recruit Holdings.
What is CleverTap's valuation?
The valuation of CleverTap is $775M as of Aug 2022.
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